Latest news in Defined benefit pensions

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
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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
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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…

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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
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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

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

An article on how British Columbia’s amended definition of provision for adverse deviation will impact the province’s target-benefit pension plans was the most-read story on…

  • By: Staff
  • January 27, 2023 January 26, 2023
  • 09:00

New pension plan design offers U.S. public workers retirement benefits, regardless of length of service

A new retirement plan design could allow more public employees in the U.S. to accrue retirement benefits regardless of their length of service, according to…

  • By: Staff
  • January 25, 2023 January 25, 2023
  • 09:00
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B.C.’s amended PfAD to provide more flexibility to target-benefit pension plans: experts

British Columbia’s amended definition of provision for adverse deviation will provide additional flexibility to the province’s target-benefit pension plans, according to experts. The changes to…

Withdrawal of real return bonds could financially impact DB pension plans: CIA

The Canadian Institute of Actuaries is urging the federal government to reconsider its cessation of real return bond issuances, citing the potential financial impacts to…

Coverage of the 2022 Investment Innovation Conference

During history’s turning points, fortune favours the innovators. As the world moves beyond the coronavirus pandemic and the global workforce entrenches the improved labour conditions…

2022 IIC coverage: Protecting technology infrastructure critical for institutional investors

The most important asset in the world is people’s personal information because every piece of data that we provide to the internet through social media…

2022 IIC coverage: A Canadian view of the Arizona State Retirement System

Few people have as clear a perspective on the differences between public sector defined benefit pension plans in Canada and the U.S. as Paul Matson.…

2022 IIC coverage: Pension plan sponsors discuss role of communication, education in member engagement, support

In 2021, the Saskatchewan Healthcare Employees’ Pension Plan set out to gauge just how well-versed its 60,000 members were about their defined benefit pension plan.…

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

An article on the potential impacts of Alberta withdrawing from the Canada Pension Plan was the most-read story on BenefitsCanada.com over the last week. Here…

  • By: Staff
  • January 13, 2023 January 12, 2023
  • 09:00