The Ontario Pension Board is appointing Darwin Bozek as president and chief pension officer, effective Feb. 1, 2024. He joins the OPB from the Alberta…
The Canadian Public Pension Leadership Council is appointing Karen McKeown, director of board operations at the B.C. Pension Corp., as co-chair. McKeown will share responsibilities…
The average projected solvency ratio for Ontario defined benefit pension plans increased slightly to 117 per cent in the third quarter of 2023, with more than…
Nova Scotia-based private employers can now transfer their pension plans into the Public Service Superannuation Plan. The Private Sector Pension Plan Transfer Act, which received…
The estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process increased from 101.1 per cent of a plan’s accounting…
In its 2023 fall economic statement, the federal government said it will consider removing the rule that restricts Canadian pension funds from holding more than…
Contributions to British Columbia-based defined benefit and defined contribution pension plans increased by 10 per cent in 2022, while contributions to target-benefit plans increased by…
Hydro Ottawa Ltd. is marking Financial Literacy Month by promoting tools and resources for employees grappling with the rising cost of living, says Donna Burnett…
While one expert says replacement rates vary with income and age, another argues the longstanding 70 per cent benchmark doesn’t actually work. Bonnie-Jeanne MacDonald, director…
In the institutional investment sector, risk management means thinking about a lot of doom and gloom, but for Danny Ip, the job is more about…
The union representing 8,200 Stellantis employees has ratified a three-year collective agreement that includes pension gains. On Jan. 1, 2025, employees hired on or after…
The Office of the Superintendent of Financial Institutions’ proposed cybersecurity incident reporting standard could unintentionally lead to duplication and increased risk if it doesn’t reflect differences in…
The Ontario government is launching an infrastructure bank that will leverage investments by public sector pension plans and other Canadian institutional investors. In its fall…
While many institutional investors participate in class action lawsuits against investee companies to recover assets lost due to malfeasance, others do so to be activists,…
The Ontario Ministry of Finance’s proposed guidance for multi-employer target-benefit pension plans undermines incentives for employers to contribute towards their employees’ retirement savings, including cost certainty,…
Normandin Beaudry is partnering with MBWL International, a joint venture between U.K.-based Barnett Waddingham, U.S.-based Milliman Inc. and Germany-based Lurse. This new partnership will enable…
An article on how flexible dress codes can support diversity, equity and inclusion was the most-read story on BenefitsCanada.com over the last week. Here are the five…
Climate and cybersecurity are the leading risk factors concerning Canadian pension plan administrators, according to a pension lawyer. Susan G. Seller, a pension and benefits…
Canada’s retirement system ranks No. 12 out of 47 countries but has room for improvement amid a challenging economy and ageing population, according to a…
Defined benefit pension plan sponsors that are considering winding up their plans or converting them to another framework following the federal government’s super-priority bill have…
Defined benefit pension plan sponsors must consider the downsides of using a liability-driven investment strategy, particularly the role of interest rates, said Duncan Burrill, managing director…
The funded position of a typical Canadian defined benefit pension plan increased on a solvency and an accounting basis as of Sept. 30, according to…
While U.S. auto workers would like to see their pension plans converted from defined contribution to defined benefit, it may be more challenging than it…
The food and beverage company’s manager of pension, benefits and wellness discusses fostering an inclusive and supportive work environment, the importance of flexible benefits and…
The Financial Services Regulatory Authority of Ontario’s proposed guidance on pension plan administrator roles and responsibilities requires more clarity and consistency, according to the Association…