Latest news in Defined benefit pensions

Innovation, diversification in real estate sector taking institutional investors across the finish line

Despite many institutional investors pressing pause on their real estate activities in the early days of the coronavirus pandemic, those that keep calm and carry…

Alaska considering return to DB pension model in public sector

To bolster Alaska’s public sector, a bipartisan effort is underway to relaunch the state’s pensions as defined benefit plans. “I’m carrying this bill on behalf…

  • By: Staff
  • March 16, 2023 March 15, 2023
  • 12:00
FSRA issues final guidance on missing pension plan members

How employers can help track down Ontario’s 175,000 missing pension plan members

Ontario-based pension plan sponsors can help reduce the number of missing plan members by examining their communications strategies and maintaining best practices in record keeping…

33298875-123rf

West Fraser Timber, Unifor agreement includes maternity leave top-up, benefits gains

The union representing around 150 employees at West Fraser Timber in Fort Frances, Ont. has ratified a four-year collective agreement that includes multiple benefits gains.…

  • By: Staff
  • March 13, 2023 March 10, 2023
  • 09:00

Aggregate funded percentage of U.S. MEPPs on the decline: report

The aggregate funded percentage of U.S. multi-employer pension plans dropped to 79 per cent in 2022, from 91 per cent in 2021, according to a…

  • By: Staff
  • March 9, 2023 March 9, 2023
  • 12:00
Copyright_dmitrydemidovich_123RF

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

An article on a private member’s bill prohibiting the Canada Pension Plan Investment Board from making certain investments was the most-read story on BenefitsCanada.com over…

  • By: Staff
  • March 3, 2023 March 2, 2023
  • 09:00
Copyright_nanastudio_123RF

College of Family Physicians of Canada pension plan joining the CAAT’s DBplus

The College of Family Physicians of Canada pension plan is joining the Colleges of Applied Arts and Technology pension plan’s DBplus. “As a result of…

  • By: Staff
  • March 2, 2023 March 3, 2023
  • 11:45

RSA U.K. Pension Trustees entering £6.5BN annuity buy-in

RSA U.K. Pension Trustees, a subsidiary of Intact Financial Corp., is de-risking roughly £6.5 billion in U.K. defined benefit pension liabilities with an annuity buy-in. The…

  • By: Staff
  • March 1, 2023 February 28, 2023
  • 09:00

Expert panel: Air Canada decision illustrates danger of relying on pension plan terms in wrongful dismissal actions

A recent court decision in Ontario illustrates the potential danger for employers that attempt to rely on pension plan terms to refute claims for pension-related…

Mosaic, Unifor agreement includes pension, paid leave gains

The union representing 750 mining workers at Mosaic Potash Esterhazy Ltd. in Esterhazy, Sask. has ratified a four-year collective agreement that includes pension and benefits…

  • By: Sadie Janes
  • February 28, 2023 February 28, 2023
  • 09:00

DB pension plans with overlay strategies finding flexibility after OSFI’s going-concern discount rate clarification: expert

Defined benefit pension plan sponsors using overlay strategies will gain more flexibility amid rising inflation now that the Office of the Superintendent of Financial Institutions…

Trent University support workers joining UPP

Trent University support workers represented by the Ontario Public Service Employees Union are joining the University Pension Plan. Under a new three-year collective agreement, the…

  • By: Staff
  • February 17, 2023 February 21, 2023
  • 09:00
Copyright_Mikhail Tsikhanovich_123RF

Ontario DB pension plans return average 2.9% in Q4 2022: report

Ontario’s defined benefit pension funds returned an average 2.9 per cent in the fourth quarter of 2022 while plan liabilities continued to benefit from a…

  • By: Staff
  • February 16, 2023 February 15, 2023
  • 15:00
Copyright_rozenskip_123RF

Sounding board: How Canadian institutional investors can manage corporate fraud risk

Misconduct can devastate the value of an investment. A recent study on the pervasiveness and scope of corporate fraud by Alexander Dyck, professor of finance…

Copyright_marcbruxelle_123RF

Lack of viable alternatives to pension super-priority bill likely to ensure its passage, says pensioner association

A bill that would give super-priority to defined benefit pension plan members during plan windups and insolvencies is likely to be passed by the senate…

Who are the finalists in the 2022 Pension Leadership Awards?

The Canadian Investment Review is pleased to announce the finalists of the 2022 Pension Leadership Awards. This year, the awards will be handed out in four categories, with…

  • By: Staff
  • February 16, 2023 May 15, 2023
  • 09:00
ACPM calling on feds to streamline pension overpayment recovery

PIAC calls for going-concern plus regime, VPLAs, PRPP framework in pre-budget submission

The Pension and Investment Association of Canada is calling on the federal government to establish a going-concern plus regime as a long-term minimum funding requirement for…

  • By: Staff
  • February 15, 2023 January 17, 2024
  • 09:00

Carefor Health & Community Services joins HOOPP

Carefor Health & Community Services has joined the Healthcare of Ontario Pension Plan. The Ottawa-based health-care and community support charity previously sponsored its own defined…

  • By: Staff
  • February 13, 2023 February 10, 2023
  • 09:00

Study finds U.S. public pension plans’ average funding ratio reached 77.8% in 2022

The average funding ratio for U.S. public pension plans increased to 77.8 per cent in 2022 with the majority (68 per cent) of pensions’ revenue…

  • By: Staff
  • February 9, 2023 February 8, 2023
  • 12:00
Copyright_Wisawa Chinnacotra_123RF

Converting private sector pension plans to public sector model would yield lifetime income for retirees: expert

Private sector pension plans could realize higher rates of return and produce lifetime income if they followed a model similar to their public sector counterparts,…

81% of U.S. public sector workers worry about retirement savings: survey

The majority (81 per cent) of U.S. public sector employees worry whether they’ll have enough money to last them through retirement, according to a new…

  • By: Staff
  • February 7, 2023 February 6, 2023
  • 09:00

FSRA promoting retirement planning with Pension Awareness Day

The Financial Services Regulatory Authority of Ontario is promoting retirement planning with its inaugural Pension Awareness Day on Feb. 16. Through the event, the FSRA…

  • By: Blake Wolfe
  • February 6, 2023 February 3, 2023
  • 09:00

Pension super-priority bill, real return bond cancellation top priorities for PIAC in 2023: new chair

The Pension Investment Association of Canada is prioritizing the protection of employment-based pension coverage in 2023. “Our members are concerned that well-intentioned regulatory changes, such…

City of Whitehorse, Collège nordique francophone joining CAAT DBplus plan

Employees of the City of Whitehorse represented by the Yukon Employees’ Union and N.W.T.-based Collège nordique francophone are joining the Colleges of Applied Arts and…

  • By: Staff
  • January 31, 2023 January 31, 2023
  • 15:00