Latest news in Defined benefit pensions

Coverage of the 2023 Global Investment Conference

On April 12-14, a group of defined benefit pension plan sponsors, asset managers and academics gathered at the Fairmont Chateau Whistler in British Columbia for…

2023 GIC coverage: Improving Canadians access to pensions

In his session at the 2023 Global Investment Conference, Derek Dobson, the Colleges of Applied Arts and Technology pension plan’s chief executive officer, called back…

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

An article on Amazon Canada’s ‘Dogs at Work’ program was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news…

  • By: Staff
  • June 2, 2023 June 1, 2023
  • 09:00

Why are individual pension plans poorly understood by the pension sector?

While individual pension plans have been around since 1991, they aren’t being widely used by the people they’re designed to help and remain poorly understood…

ACPM urging Retraite Québec to increase flexibility in funding municipal, university DB pension plans

The Association of Canadian Pension Management is urging Retraite Québec to provide additional flexibility in the funding of municipal and university defined benefit pension plans. In…

  • By: Staff
  • May 29, 2023 May 29, 2023
  • 09:00
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Cyber attack compromises U.K. pension plan members’ personal information

The largest administrator of private defined benefit and defined contribution pension plans in the U.K. is revealing details about a cyber attack that compromised the…

  • By: Staff
  • May 25, 2023 May 25, 2023
  • 12:30

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

An article on how defined benefit pension plan sponsors can use a surplus was the most-read story on BenefitsCanada.com over the last week. Here are…

  • By: Staff
  • May 19, 2023 May 26, 2023
  • 09:00
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Manitoba, NL formally join multi-jurisdictional pension plan agreement

Manitoba and Newfoundland and Labrador have officially ratified an agreement on multi-jurisdictional pension plans, which will come into effect on July 1.  In March, the…

  • By: Staff
  • May 16, 2023 May 16, 2023
  • 12:30
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Expert panel: How DB pension plan sponsors can use surplus

In 2022, the typical defined benefit pension plan achieved an investment return of roughly negative 12 per cent. However, due to dramatic increases in bond…

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Median solvency ratio of Ontario DB pensions rose to 115% in Q1 2023: report

The median solvency ratio of Ontario defined benefit pension plans rose during the first quarter of 2023, from 112 per cent at the beginning of the…

  • By: Staff
  • May 15, 2023 May 12, 2023
  • 09:00
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Top 5 HR, benefits, pension and investment stories of the week

A pair of surveys on the state of Canadian workers’ mental health were among the most-read stories on BenefitsCanada.com over the last week. Here are…

  • By: Staff
  • May 12, 2023 May 11, 2023
  • 09:00

Canada’s lasting influence on Arizona’s public sector pension investor

There’s something about the Arizona State Retirement System — a US$49.3-billion defined benefit-like hybrid pension plan for the state’s 600,000 current and former public sector…

Q&A with AIMCo’s Krista Pell

The Alberta Investment Management Corp.’s chief human resources officer discusses the evolving employee life cycle, autonomous working and competitive weightlifting. Q: What top challenges do…

2023 DC Plan Summit: A look at McGill University’s search for a comprehensive decumulation solution

While McGill University has factored decumulation into its pension plan for decades, the plan sponsor is continually fine tuning these strategies for members, said John…

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Canadian DB pension plan assets rise 1.9% in April: report

A typical Canadian defined benefit pension plan’s funded position improved on a solvency basis and decreased on an accounting basis in April as a result…

  • By: Staff
  • May 11, 2023 May 11, 2023
  • 12:00

Expert panel: What does Canadian pension legislation say about polyamory?

In December 2022, the Supreme Court of Justice of Colombia released an unexpected decision: two men, who had been in a polyamorous relationship with a…

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N.S. Teachers’ Pension Plan’s funded status dips to 75.1%: annual report

The Nova Scotia Teachers’ Pension Plan’s funded status dipped from 82.5 per cent to 75.1 per cent on a going-concern basis in 2022, according to…

  • By: Staff
  • May 4, 2023 May 3, 2023
  • 12:30
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Controversial super-priority pension bill receives royal assent

A controversial law giving super-priority to defined benefit pension plan members during plan windups and insolvencies is coming into effect after receiving royal assent from…

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

An article on two upcoming executive departures at the Ontario Pension Board was the most-read story on BenefitsCanada.com over the last week. Here are the five…

  • By: Staff
  • April 28, 2023 April 27, 2023
  • 09:00

ACPM urging Retraite Québec to streamline approach to actuarial solvency valuations

The Association of Canadian Pension Management is urging Retraite Québec to streamline its approach to actuarial solvency valuations for pension plans with members outside of…

  • By: Staff
  • April 26, 2023 April 26, 2023
  • 09:00

Canadian pension plans’ average funded ratio reaches 120% in first quarter: report

The average Canadian pension plan’s funded ratio reached 120 per cent as of March 31, 2023, up one per cent over the quarter, while the average…

  • By: Staff
  • April 24, 2023 April 21, 2023
  • 15:00

Ontario Pension Board preparing for departure of two top executives

The Ontario Pension Board is announcing its plans for managing the coming departures of two of its top executives — Mark Fuller, president and chief…

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How will crypto disclosure rules impact federally regulated pension plans?

In its 2023 budget, the federal government announced plans to require that federally regulated pension plan sponsors disclose their cryptocurrency asset exposure to the Office of…

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Alcoa entering $315 million annuity transfer for Canadian DB pensions

Alcoa Corp. is de-risking roughly $315 million (US$235 million) in Canadian defined benefit pension obligations and assets with an annuity transfer. The group annuity contracts…

  • By: Staff
  • April 20, 2023 April 27, 2023
  • 09:00