The Association of Canadian Pension Management is calling on the Office of the Superintendent of Financial Institutions to provide more detail on how pension plans…
The union representing employees at a Hitachi Construction Truck Manufacturing Ltd. plant in Guelph, Ont. has ratified an agreement that includes pension and benefits gains.…
The Pension Investment Association of Canada is urging the Office of the Superintendent of Financial Institutions to ensure its guidance on pension investment risk management is…
Contract food services and custodial workers at Canada’s colleges and universities have less access to pensions and paid leave than their in-house colleagues, according to…
An article on the potential future of pension plans in the private sector was the most-read story on BenefitsCanada.com over the last week. Here are…
As the move away from traditional defined benefit plans continues and intensifies, Canada’s multi-employer pension plans are providing employers with another retirement savings option for…
Pension coverage in the public sector is high, with the vast majority of public sector employees covered by a defined benefit pension plan. However, the…
The Ontario Pension Board, the administrator of province’s public service pension plan, generated a return of 9.4 per cent in 2021. In its yet-to-be released…
The Canadian Investment Review is proud to announce the winners of the second annual Pension Leadership Awards. The winners are: Chief Investment Officer of the Year James…
By underestimating life expectancy, employees risk running out of money in retirement, according to a new survey by analytics firm Club Vita. The survey, which…
Despite a recommendation made by the four Atlantic provinces in 2016, a review of the Atlantic Lottery Corp.’s underfunded defined benefit pension plan has yet…
The Nova Scotia Teachers’ Pension Plan exceeded its return benchmark in 2021, though its solvency ratio on a growing-concern basis remains underwater, according to its…
Almost a third (29 per cent) of Canadians believe their employer-sponsored pension plan will be their primary source of retirement income, while 15 per cent…
The union representing roughly 900 workers at Metro Inc. warehouses in Etobicoke, Ont. has ratified a new 4.5-year collective agreement that includes pension and benefits…
The overwhelming majority (92 per cent) of British institutional investors and wealth managers are planning to increase their allocations to renewable energy in order to…
A story that took an in-depth look at the federal government’s 2022 budget proposals and their potential impacts on employers and employees was the most-read…
Last week’s federal budget proposed more borrowing flexibility for registered defined benefit plans. The proposal would replace the historical 90-day term limit on short-term borrowing…
Canadian pension plans are the most transparent in the world, according to a new report by Top1000funds.com and CEM Benchmarking Inc. The report, which uses…
Earlier this year, I received an email from a Canadian National Railway Co. employee who had recently learned their defined benefit pension plan was winding…
The economic impact of the pandemic has been unevenly distributed across various industries, with travel and transportation among the hardest-hit sectors. However, while travel restrictions…
The federal government’s 2022 budget is addressing long-standing rules preventing defined benefit plan sponsors from borrowing in most circumstances. In the $56-billion budget, which is…
The Ontario Municipal Employees Retirement System Sponsors Corp. is appointing Laurie Hutchinson as its new chief executive officer, effective April 18, 2022. In the new…
The federal government’s 2022 budget, which set out $56 billion in new spending on Thursday, has a few offerings that could impact employers and employees.…
While a typical Canadian defined benefit pension plan saw negative investment returns in March, it also improved on a solvency and accounting basis, according to…
Changes to the calculation of commuted pension values in Canada are making it more challenging for defined benefit pension plan members to determine an optimal…