Latest news in Defined benefit pensions

CAPSA’s risk management guideline adaptable to changes in cybersecurity, ESG: webinar

The Canadian Association of Pension Supervisory Authorities’ new risk management guideline allows for additional flexibility amid evolving issues such as cybersecurity and environmental, social and…

  • By: Blake Wolfe
  • September 11, 2023 September 10, 2023
  • 09:00
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Newfoundland and Labrador arbitrator rules pension grievance can proceed despite late filing, citing ‘culture of acquiescence’

An arbitrator has ruled that a pension grievance filed seven years beyond a collective agreement’s time limit could proceed because of the employer’s “culture of…

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Metro, Unifor agreement includes pension, benefits gains

The union representing 3,700 frontline grocery workers at 27 Metro Inc. stores across the Greater Toronto Area has ratified a collective agreement that includes pension and…

  • By: Staff
  • September 7, 2023 September 6, 2023
  • 09:00
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U.S. public DB pension plans’ funded ratio continues to increase: report

The funded ratio of the 100 largest U.S. public defined benefit pension plans increased to 76.8 per cent as of July 31, up from 75.8…

  • By: Staff
  • September 5, 2023 September 1, 2023
  • 12:08
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Research finds pensions struggle to determine metrics for ESG goals

There’s no one-size-fits-all approach for pension funds looking to use an environmental, social and governance lens in their investment approach, according to a new publication…

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

An article on the Ontario Court of Appeal upholding its decision in the Brewers Retail Inc. pension case was the most-read story on BenefitsCanada.com over the…

  • By: Staff
  • September 1, 2023 August 31, 2023
  • 09:00
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Record levels of pension risk transfers in U.K., U.S. carrying into 2023: report

Record levels of transactions in the U.K. and U.S. pension risk transfer markets in 2022 are carrying into the first half of 2023, according to…

  • By: Staff
  • August 31, 2023 August 30, 2023
  • 10:00
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Court of Appeal upholds decision in Brewers Retail pension case

The Ontario Court of Appeal is upholding a decision that stated the Financial Services Regulatory Authority of Ontario’s efforts to block a settlement over pension…

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

An article on the most recent changes to the Canada Labour Code was the most-read story on BenefitsCanada.com over the last week. Here are the five most…

  • By: Staff
  • August 25, 2023 August 25, 2023
  • 09:00

B.C. Transit’s Fraser Valley workers joining CAAT’s DBplus pension plan

B.C. Transit’s Fraser Valley bus drivers are joining the Colleges of Applied Arts and Technology’s DBplus pension plan. After a strike action that lasted 124…

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Ontario DB pension plans return 0.7% in Q2 2023: FSRA

Ontario-based defined benefit pension plans returned, on average, 0.7 per cent on their investments in the second quarter of 2023, according to a new report…

  • By: Staff
  • August 21, 2023 August 18, 2023
  • 09:00
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37% of U.S. employers say attraction, retention is No. 1 reason to offer non-qualified retirement plans: survey

More than a third (37 per cent) of U.S. employers that offer a non-qualified retirement plan say attraction and retention of key talent is their…

  • By: Staff
  • August 17, 2023 August 16, 2023
  • 09:00

Majority of U.K. DB pension plan sponsors favour annuity buyout as long-term strategy: survey

More than half of U.K. defined benefit pension plan sponsors say they’d consider ways of securing benefits for their members beyond insurance-based solutions, according to a…

  • By: Staff
  • August 15, 2023 August 14, 2023
  • 10:00
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U.S. workers say they’ll need average of $4,940 a month income in retirement: survey

U.S. workers forecast they’ll need an average $4,940 monthly income to enjoy a comfortable retirement, according to a new survey by Schroders. The survey, which…

  • By: Staff
  • August 14, 2023 August 14, 2023
  • 15:00

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

An article on how Yellow Corp.’s bankruptcy will impact Canadian workers’ pensions was the most-read story on BenefitsCanada.com over the last week. Here are the five most…

  • By: Staff
  • August 11, 2023 August 10, 2023
  • 09:00
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Report finds Canadian pension risk transfer market saw $7.8BN in transferred liabilities in 2022

Canada’s pension de-risking market saw a record-breaking year in 2022, with $7.8 billion in transferred liabilities and 155 transactions, according to a new report by…

FSRA appoints Andrew Fung as acting EVP of pensions

The Financial Services Regulatory Authority of Ontario is appointing Andrew Fung as acting executive vice-president of pensions. Fung joined the provincial regulator in 2018 as…

  • By: Staff
  • August 8, 2023 March 20, 2024
  • 09:00
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Top 5 HR, benefits, pension and investment stories of the week

An article on whether Canada should implement flexible working legislation was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news…

  • By: Staff
  • August 4, 2023 August 3, 2023
  • 09:00

Yellow bankruptcy will have little impact on Canadian workers’ pensions: union

The union representing roughly 350 Canadian employees at Tennessee-based Yellow Corp. says the trucking company’s abrupt closure will have little to no impact on Canadian…

New federal legislation around missing pension plan members should include ongoing plans: ACPM

In response to the federal government’s consultation on draft amendments to pension legislation pertaining to the transfer of unclaimed benefits for missing plan members, the Association…

  • By: Staff
  • August 1, 2023 August 1, 2023
  • 15:00
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Feds’ plan to discontinue Canada mortgage bonds may limit pension funds’ abilities to mitigate risk: PIAC

The federal government’s plan to consolidate Canada mortgage bonds into the Government of Canada bond program could limit pension funds’ ability to mitigate risk through…

  • By: Staff
  • July 24, 2023 July 21, 2023
  • 09:00

U.S. public pension funding shortfall unlikely to meaningfully improve in 2023: report

U.S. state and municipal pension funds are on track to miss investment targets and are unlikely to see meaningful improvements in their unfunded liabilities or…

  • By: Staff
  • July 21, 2023 July 21, 2023
  • 15:00
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Top 5 HR, benefits, pension and investment stories of the week

An article on how global pension funds compare in terms of transparency was the most-read story on BenefitsCanada.com over the last week. Here are the five…

  • By: Staff
  • July 21, 2023 July 21, 2023
  • 09:00

Average DB pension plan’s funded position up in June: report

The funded position of a typical defined benefit pension plan increased on both a solvency and accounting basis during the month of June, according to…

  • By: Staff
  • July 20, 2023 July 18, 2023
  • 12:00
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U.S. gen X workers falling short of retirement savings targets: report

While more than half (55 per cent) of U.S. generation X employees participate in an employer-sponsored retirement savings plan, nearly two-thirds of men (62 per…

  • By: Staff
  • July 20, 2023 July 19, 2023
  • 09:00