In 2022, the University Pension Plan implemented a growth plan, investment strategy, climate action plan and administration system. In a note to the jointly sponsored defined…
Canadians’ total pension wealth increased by 7.9 per cent in 2021 to reach nearly $4.9 trillion by the end of year, according to a new…
A bill intended to provide defined benefit pension plan members with super-priority should be a major concern for Canadian DB plan sponsors, according to LifeWorks…
Workplace pension plans alone aren’t providing adequate retirement income for U.S. government employees, according to a new report by the National Institute on Retirement Security…
In January, the Canadian Association of Pension Supervisory Authorities established a new committee with a mandate to develop a risk management guidance. In the CAPSA’s…
U.S. President Joe Biden is announcing the infusion of nearly US$36 billion to shore up a financially troubled union pension plan, preventing severe cuts to…
The average discount rate used by Canadian defined benefit pension plans at the end of 2021 was 0.5 per cent higher than the previous year,…
While pension plan administrators know about their plan members’ employment history and salaries, they may not expect to learn much about their personal lives, including how…
An article on the potential impacts of a pension super-priority bill was the most-read story on BenefitsCanada.com over the last week. Here are the five most…
The Saskatchewan government is introducing amendments to its pension legislation that provide additional flexibility for plan sponsors and introduce new decumulation options for members of…
A bill intended to provide defined benefit pension plan members with super-priority in the event of a plan sponsor’s insolvency passed in the House of…
An article on the FIRE — financial independence and retiring early — concept was the most-read story on BenefitsCanada.com over the last week. Here are the five…
A recent Ontario Divisional Court ruling serves as a caution that employers’ prior conduct may prohibit them from amending pension plans even when the collective…
In August, the Canadian Broadcasting Corp. reported that the U.K. Department for Works and Pensions cut off state pension payments to several expatriate pensioners living…
Despite concerns about global economic headwinds, the Bank of Canada’s successful efforts to curb inflation is capturing the attention of institutional investors, says Kathrin Forrest,…
The Financial Services Regulatory Authority of Ontario has released its final pension deregistration guidance, which identifies the documents, information and timeframes that are required under…
More than two-thirds (70 per cent) of millennials say they aren’t saving enough for retirement, while 27 per cent aren’t able to save any money,…
Alain Malaket has a nuanced perspective on risk — one informed by his experiences as a third-party administrator, pension regulator, consultant, pension plan director and…
In its fall economic statement, the Ontario government said it will ask stakeholders to provide feedback this winter on a draft framework for target-benefit pension…
The OPSEU Pension Trust is supporting employees’ and plan members’ financial literacy with its defined benefit pension education program and extensive member communications. “We run…
The Canadian Federation of Pensioners is taking issue with some of the Alberta government’s proposed legislative and policy updates for private sector pension laws, including…
An article on the strike by Ontario education workers was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news…
The funded ratio of the 100 largest U.S. corporate defined benefit pension plans is on the rise, jumping from 108.8 per cent at the end…
Canada’s defined benefit pension plans improved on both a solvency basis and an accounting basis in October, according to a new report by LifeWorks Inc.…
The Canadian Institute of Actuaries is supporting several of the Alberta government’s proposed legislative and policy updates for private sector pension laws, including the move…