Latest news in Defined benefit pensions

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Amendments to insolvency legislation would secure DB pensions, say retiree organizations

Six organizations representing Canadian retirees say proposed amendments to the federal Bankruptcy and Insolvency Act would have a positive impact on defined benefit pension plan…

  • By: Staff
  • October 14, 2022 October 13, 2022
  • 09:00
Editorial

Editorial: Looking back and ahead as Benefits Canada celebrates 45 years

The first issue of Benefits Canada hit the desks of the country’s human resources, benefits, pension and investment professionals in 1977, four years before I…

Head to head: Should employees be saving for retirement or focusing on other financial priorities?

As Canadians face continued economic uncertainty, a recent university graduate and a long-time teacher share their views on balancing different financial priorities. Sul Mahmood, age…

  • By: Leah Golob
  • October 14, 2022 October 14, 2022
  • 08:59

2022 Top 50 DC Plans Report: How are DC pension plans evolving?

While defined contribution pension plans currently outnumber defined benefit pension plans, this wasn’t always the case, recalls Bita Jenab, a principal at RetirementWorks Services Inc.…

  • By: Blake Wolfe
  • October 14, 2022 October 13, 2022
  • 08:55

45th anniversary column: Major shifts in benefits and their implications for employers

Our industry sometimes gets a bad rap for being overly traditional and slow to change. But there’s no question we’ve seen some major shifts in…

45th anniversary column: How employee benefits have changed in the last 45 years

I was a little daunted to write a piece for Benefits Canada’s 45th anniversary issue — it has been almost 15 years since I last…

  • By: Don Bisch
  • October 14, 2022 November 8, 2022
  • 08:52

Via Rail Canada restructuring fixed income allocations in response to challenging markets

The Adirondack 46ers isn’t for the faint of heart — joining the club requires hiking 250 kilometres to reach the top of the 46 highest…

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LDI leveraging strategies left U.K. DB pensions vulnerable to bond yield spike: expert

The use of leverage by U.K. defined benefit pension plans with liability-driven investment strategies left them vulnerable to a sharp rise in bond yields in…

Bank of England intervened in bond market to protect DB pension plans: letter

The Bank of England’s decision to intervene in the long-dated government bond market protected defined benefit pension plans with liability-driven investment strategies, according to a…

  • By: Staff
  • October 11, 2022 October 7, 2022
  • 12:30
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Saskatchewan pharmacy professionals joining CAAT’s DBplus pension

The Saskatchewan College of Pharmacy Professionals is joining the Colleges of Applied Arts and Technology pension plan’s DBplus arrangement. “I did a lot of research…

  • By: Staff
  • October 11, 2022 October 7, 2022
  • 09:00

Coverage of the 2022 Risk Management Conference

In 2022, normal was supposed to make a comeback — it didn’t. Just as supply chains began to stabilize, war broke out in Europe, China…

  • By: Staff
  • October 6, 2022 September 30, 2022
  • 08:02

2022 Risk Management Conference: Institutional investors have a fiduciary duty to assess, mitigate climate-related risks

The climate crisis puts the security of workers’ retirements at stake, said Patrick DeRochie, senior manager at Shift Action for Pension Wealth and Planet Health,…

2022 Risk Management Conference: Concordia University re-evaluating integrated investment policy

Institutional investors’ best laid plans sometimes go awry — especially following global pandemics. During a presentation at the Canadian Investment Review‘s 2022 Risk Management Conference,…

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

An article on virtual health-care findings in the 2022 Benefits Canada Healthcare Survey was the most-read story on BenefitsCanada.com over the last week. Here are…

  • By: Staff
  • September 30, 2022 September 29, 2022
  • 09:00
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Amendments to bankruptcy, insolvency legislation could disincentivize DB pension plan sponsors, say ACPM, PIAC

The Association of Canadian Pension Management and the Pension Investment Association of Canada are among the organizations saying proposed amendments to the federal Bankruptcy and…

  • By: Staff
  • September 29, 2022 September 28, 2022
  • 09:00

Alberta’s DB pension funding rules fail to balance sustainability, affordability: ACPM

The Association of Canadian Pension Management is taking aim at the Alberta government’s funding rules for private sector defined benefit pension plans. In its response…

  • By: Staff
  • September 27, 2022 September 27, 2022
  • 12:30

IBM entering US$16BN pension risk transfer

International Business Machines Corp. is entering a US$16 billion pension risk transfer. The annuity transaction will see 40 per cent of IBM’s defined benefit pension…

  • By: Staff
  • September 15, 2022 September 14, 2022
  • 09:00
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Expert panel: How employers can support workers amid rising inflation

The modern economy is highly uncertain, with inflation and rising interest rates cutting into bottom lines everywhere. Employers are nervous as the cost of capital…

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New Brunswick PSPP announces 5.24% COLA, 0.32% below CPI

Members of the New Brunswick Public Service Pension Plan are receiving a cost-of-living adjustment that doesn’t cover increases in the cost of living in Canada.…

  • By: Staff
  • September 8, 2022 September 8, 2022
  • 13:00

OJTBF joins the the CAAT pension plan

The OPSEU Joint Trusteed Benefit Fund, a not-for-profit insurance advisor that offers benefits to non-profit organizations, is joining the Colleges of Applied Arts and Technology…

  • By: Staff
  • September 1, 2022 September 6, 2022
  • 13:30

Yellow Pages expecting shareholder approval for special payment to DB pension plan

Yellow Pages Ltd. has secured the support of enough shareholders to approve a plan to bolster its defined benefit pension plan’s coffers. During a virtual…

  • By: Staff
  • September 1, 2022 August 31, 2022
  • 12:00
ESG influencing company strategy, increasing oil market vulnerability: reports

Florida introducing resolution barring ESG integration by state pension fund managers

A resolution passed by the trustees of the Florida State Board of Administration with the approval of Governor Ron DeSantis is barring state pension fund…

  • By: Staff
  • August 25, 2022 August 25, 2022
  • 13:00
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Proposed regulations could accelerate U.K. DB pension extinction: Mercer chief actuary

Proposed amendments to U.K. pension regulations could lead to the extinction of smaller defined benefit plans within 15 years, according to Charles Cowling, chief actuary…

  • By: Staff
  • August 25, 2022 August 25, 2022
  • 12:00

Proposed tax amendments add complexity for pension administrators, says expert

The Department of Finance’s proposals relating to the Income Tax Act, sales tax and other legislation adds complexity where compliance is already extremely challenging for…

  • By: Staff
  • August 24, 2022 August 23, 2022
  • 09:00
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Top 5 HR, benefits and pension stories of the week

An article on HSBC Bank Canada’s new benefits offerings was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news…

  • By: Staff
  • August 19, 2022 August 19, 2022
  • 09:00