Latest news in Defined benefit pensions

Pension super-priority bill passes in House of Commons

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…

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

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…

  • By: Staff
  • November 25, 2022 November 24, 2022
  • 09:00
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Employer’s prior conduct prohibits pension plan amendments, despite collective agreement terms: Ontario court

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…

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Expert panel: Can pension administrators deny benefits to plan members who don’t submit proof-of-life forms?

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…

  • By: Mary Picard
  • November 22, 2022 November 22, 2022
  • 09:00
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BoC efforts to cool inflation attracting long-term institutional investors: expert

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,…

FSRA releases final pension deregistration guidance

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…

  • By: Staff
  • November 21, 2022 November 21, 2022
  • 15:00
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Majority of millennials aren’t saving enough for retirement: survey

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,…

  • By: Staff
  • November 18, 2022 November 17, 2022
  • 15:00

How InBenefits is aiming to prove the potential of target-benefit pensions

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…

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Ontario seeking feedback on framework for target-benefit pension plans

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…

  • By: Staff
  • November 17, 2022 November 17, 2022
  • 13:00

OPTrust promoting financial literacy with enhanced communications, DB pension education program

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…

  • By: Sadie Janes
  • November 17, 2022 November 15, 2022
  • 09:00

CFP urging Alberta government to reconsider transfer of pension risk to plan members

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…

  • By: Staff
  • November 16, 2022 November 16, 2022
  • 09:00
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Top 5 HR, benefits, pension and investment stories of the week

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…

  • By: Staff
  • November 11, 2022 November 11, 2022
  • 09:00
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U.S. corporate DB pension plans’ funded status on the rise: report

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…

  • By: Staff
  • November 10, 2022 November 10, 2022
  • 09:00

Canadian DB pension plan solvency rose 3.1% in October: report

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.…

  • By: Staff
  • November 8, 2022 November 8, 2022
  • 12:00
Alberta’s public-sector pension plans reassuring members amid worry over ministerial order

CIA supporting going-concern plus regime, auto features in Alberta’s private sector pensions

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…

  • By: Staff
  • November 7, 2022 November 4, 2022
  • 09:00
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Expert panel: Tips for DB plan sponsors as interest rates continue to rise

From an economic perspective, the last year has been quite tumultuous. As central banks began raising rates to tame inflation, the loose monetary environment with…

Report finds U.S. DB pension plan sponsors facing increasing annuity buyout costs

Defined benefit pension plan sponsors in the U.S. are facing increasing costs when de-risking through annuity buyouts, according to a new report by consulting firm…

  • By: Staff
  • November 1, 2022 October 31, 2022
  • 09:00
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Top 5 HR, benefits, pension and investment stories of the week

A pair of articles on Benefits Canada‘s 2022 Workplace Benefits Awards winners were among the most-read stories on BenefitsCanada.com over the last week. Here are the five…

  • By: Staff
  • October 28, 2022 October 28, 2022
  • 09:00
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PIAC reiterates objections to pension super-priority bill

The Pension Investment Association of Canada is reiterating its concerns about Bill C-228, which was designed to protect members of defined benefit pension plans during…

  • By: Staff
  • October 25, 2022 October 24, 2022
  • 10:11

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

An article about an open letter that highlighted how proposed amendments to the federal Bankruptcy and Insolvency Act could have a positive impact on defined benefit…

  • By: Staff
  • October 21, 2022 October 21, 2022
  • 09:00

Curbing inflation may take up to 18 months: expert

It may take up to 18 months for central banks policies to curb inflation to around two per cent on an annual basis, says Julianna…

ACPM warns of ‘unintended consequences’ of pension super-priority bill

The Association of Canadian Pension Management is urging parliamentarians to vote down a bill that would provide super-priority to defined benefit pension plan members in…

  • By: Staff
  • October 20, 2022 October 19, 2022
  • 09:00
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Vast majority of DB pension plan sponsors say inflation impacting decision to de-risk: survey

The vast majority (95 per cent) of defined benefit pension plan sponsors say higher inflation is impacting their decision to de-risk, with half (50 per…

  • By: Staff
  • October 18, 2022 October 17, 2022
  • 09:00
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B.C. amending definition of PfAD for pension plans with target-benefit provisions

British Columbia is amending the definition of provision for adverse deviation for pension plans in the province with a target-benefit provision. The changes to PfAD’s…

  • By: Staff
  • October 17, 2022 October 17, 2022
  • 09:00

2022 DCIF: How Saskatchewan’s PEPP is adding alternative investments to its DC plan portfolios

When Saskatchewan’s Public Employees Pension Plan decided to make investments in alternative assets, it took a defined benefit approach to its defined contribution pension plan,…