Latest news in Defined benefit pensions

CAAT appointing VPs of plan member, employer experience

The Colleges of Applied Arts and Technology’s pension plan is appointing Sonny Khindria (pictured right) as vice-president of member experience and Troy Whetstone (pictured left) as…

  • By: Staff
  • March 4, 2024 March 4, 2024
  • 15:00
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Top 5 HR, benefits, pension and investment stories of the week

An article detailing Ford of Canada’s transfer of $923 million in pension plan liabilities through a group annuity buyout was the most-read story on BenefitsCanada.com. Here…

  • By: Staff
  • March 1, 2024 February 29, 2024
  • 09:00

55% of Americans worry they won’t have financial security in retirement: survey

More than half (55 per cent) of Americans say they’re worried they won’t achieve financial security in retirement, according to a new survey by the…

  • By: Staff
  • March 1, 2024 February 29, 2024
  • 09:00

Sounding Board: How pension IT risk management guidance will impact plan sponsors

Information technology risk has become a more prevalent concern in recent years, so it comes as no surprise that Canadian pension regulators are focused on…

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UPP keeping plan members engaged, informed with new web portal

The University Pension Plan is launching a new web portal to prioritize plan member engagement throughout the year. “Transparency is an important value to our…

CAAT making key appointments on management team

The Colleges of Applied Arts and Technology pension plan is promoting Sabeen Purewall (pictured left) to vice-president of solutions and partnerships and Graham Stone (pictured…

  • By: Staff
  • February 23, 2024 February 23, 2024
  • 15:00
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Top 5 HR, benefits, pension and investment stories of the week

An article on how the Ontario Municipal Employees Retirement System has contributed to the province’s gross domestic product was the most-read story on BenefitsCanada.com this…

  • By: Staff
  • February 23, 2024 February 22, 2024
  • 09:00
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Ford Canada transferring $923 million in pension liabilities via group annuity buyout

Ford of Canada is is transferring the longevity risk for $923 million in pension plan liabilities through a group annuity buyout. RBC Insurance, Sun Life Assurance…

  • By: Staff
  • February 22, 2024 February 21, 2024
  • 09:00
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OMERS pension benefits accounted for 9.3% of Ontario retirement income in 2023: report

Retirement benefits paid out by the Ontario Municipal Employees Retirement System accounted for 9.3 per cent of retirement income in Ontario in 2023, according to…

  • By: Blake Wolfe
  • February 15, 2024 February 14, 2024
  • 09:00

Competitive pension risk transfer costs declined from 101.8% to 100.5% in December: report

The estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process decreased from 101.8 per cent of a plan’s accounting…

  • By: Staff
  • February 15, 2024 February 14, 2024
  • 09:00

FSRA’s Pension Awareness Day helping engage, educate employees on benefits of workplace pension plans

For its second annual Pension Awareness Day on Feb. 15, the Financial Services Regulatory Authority of Ontario is holding information sessions for its employees to…

Top 5 HR, benefits, pensions and investment stories of the week

An article on the Ontario Court of Appeal’s affirmation of a $1.5 million punitive damages award was the most-read article on BenefitsCanada.com this week. Here are the…

  • By: Staff
  • February 9, 2024 February 8, 2024
  • 09:00

What are the issues for savings when mental health becomes a burden in retirement?

Since decreased cognition can impact retirees’ ability to make sound decisions, the Canadian Union of Public Employees urges its members to discuss financial matters with…

  • By: Blake Wolfe
  • February 9, 2024 February 8, 2024
  • 08:56

Halifax Port ILA/HEA assessing past, future of DB pension plans

While Blair Richards understands why the industry is moving away from defined benefit pension plans, he worries about what may be lost in the process.…

FSRA’s proposed guidance on retroactive adverse amendments inconsistent with case law, Pension Benefits Act: ACPM

The Financial Services Regulatory Authority of Ontario’s revised proposed guidance on retroactive adverse amendments for pension plan administrators is inconsistent with existing case law, the wording…

  • By: Staff
  • February 5, 2024 June 6, 2024
  • 09:00
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N.B. transferring 5 public DB pension plans to shared-risk model

Legislation that mandates the transfer of five New Brunswick public sector defined benefit pension plans to a shared-risk model goes into effect today. The Pension…

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ACPM focusing on VPLA policy, ESG investment standards in 2024

In the coming year, the Association of Canadian Pension Management is looking forward to the possibility of participating in final consultations on policies and legislation…

Loyalist College janitors’ new contract includes pension, sick days

Robinson Solutions, Unifor agreement includes pension, benefits gains

The union representing more than 160 employees at facilities services provider Robinson Solutions in Oshawa, Ont. has ratified a three-year collective agreement that includes pension…

  • By: Staff
  • January 31, 2024 January 30, 2024
  • 09:00

Just 69% of Canadians confident in their retirement prospects: survey

While the vast majority (91 per cent) of Canadian workers say they’re saving for retirement, just 69 per cent are confident they’re saving enough, according…

  • By: Staff
  • January 29, 2024 January 26, 2024
  • 09:00

Top 5 HR, benefits, pension and investment stories of the week

An article on the funded position of Canadian defined benefit pension plans was the most-read story on BenefitsCanada.com. Here are the five top HR, benefit,…

  • By: Staff
  • January 26, 2024 January 25, 2024
  • 09:00

Climate change, pension super-priority law among CIA’s priorities for 2024

The impacts of climate change and federal super-priority legislation on Canadian pension plans are among the issues that the Canadian Institute of Actuaries is monitoring…

  • By: Blake Wolfe
  • January 25, 2024 January 24, 2024
  • 09:00
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PIAC asking B.C. to refrain from limiting entities that can offer variable life benefits

The Pension Investments Association of Canada is calling on the British Columbia government to refrain from setting limits on the type of entities that can…

  • By: Staff
  • January 24, 2024 January 23, 2024
  • 09:00
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Average DB pension plan’s funded position on solvency basis up in November: report

While the funded position of a typical defined benefit pension plan increased on a solvency basis in November, it decreased on an accounting basis in…

  • By: Staff
  • January 22, 2024 January 19, 2024
  • 09:00
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Top 5 HR, benefits, pension and investment stories of the week

An article on how the federal government should ensure its new Canadian Dental Care Plan doesn’t displace existing employer-sponsored dental coverage was the most-read story…

  • By: Staff
  • January 19, 2024 January 18, 2024
  • 09:00

PIAC focusing on pension solvency uniformity, CAPSA risk management guidelines in 2024

The Pension Investment Association of Canada will concentrate its legislative advocacy efforts on funding reform in 2024, including for an overhaul of long-term, minimum funding…