Largest U.S. DB plans’ average funded status reaches 93.8%: report
The average funded status for the largest U.S. defined benefit pension plans was 93.8 per cent in 2021, up from 86.2 per cent in 2020…
- By: Staff
- March 10, 2022 March 9, 2022
- 09:00
Latest news in Defined benefit pensions
OPTrust posts 15.3% net return, driven by private equity investments
The OPSEU Pension Trust is reporting a net investment return of 15.3 per cent for 2021, a result driven by strong private equity performance. In…
- By: Staff
- March 9, 2022 March 11, 2022
- 09:30
Canadian DB pension funded position improved in February: report
Despite rising concerns about inflation and the war in Ukraine, the funded position of a typical Canadian defined benefit pension plan improved slightly on both…
- By: Staff
- March 8, 2022 March 8, 2022
- 12:30
Two years later: Canada’s DB, DC pension plans weathering the pandemic
Canada’s pension plans are weathering the coronavirus pandemic, with many plans currently in their best financial shape in several years. The early days of the…
- By: Blake Wolfe
- March 7, 2022 March 4, 2022
- 09:00
Canadians need $1.4M to retire comfortably at 65: report
The average 45-year-old Canadian employee earning $60,000 per year will need to accumulate $1.4 million in retirement savings by age 65 if they want to…
- By: Blake Wolfe
- March 4, 2022 March 3, 2022
- 09:00
Top 5 HR, pension and benefits stories of the week
An article on British Columbia’s paramedics and their need for enhanced mental-health benefits was the most read story over the past week on BenefitsCanada.com. Here…
- By: Staff
- March 4, 2022 March 4, 2022
- 09:00
Report finds disconnect between how target-benefit plans are regulated, managed
Target-benefit plans are being hampered by a disconnect between how they’re regulated and how they’re managed, according to a new report for the C.D. Howe Institute.…
- By: Staff
- March 3, 2022 March 3, 2022
- 09:00
ArcelorMittal collective agreements’ renewal improves DB pension, work-life balance
ArcelorMittal Long Products Canada is renewing three collective agreements with its employees, including improvements to the defined benefit pension plan, disability benefits and life insurance.…
- By: Staff
- March 2, 2022 March 1, 2022
- 09:00
Ontario’s DB pension plans should take steps to maintain strong funded status: FSRA
With Ontario’s defined benefit pension plans in their best financial shape since 2009, the Financial Services Regulatory Authority of Ontario is advising plan sponsors and…
- By: Blake Wolfe
- March 2, 2022 March 1, 2022
- 09:00
CAPSA establishes committee to develop risk management guidelines for pension plans
The Canadian Association of Pension Supervisory Authorities is establishing a new committee with a mandate to develop a risk management guideline for pension plans. The…
- By: Staff
- February 18, 2022 February 18, 2022
- 15:00
Equities, inflation, legislative changes push annuity transaction volume to record highs
The strength of equities was among the factors pushing the transaction volume of Canada’s group annuities market to a record high in 2021, according to…
- By: Gideon Scanlon
- February 17, 2022 February 17, 2022
- 13:15
Majority of Ontario’s DB pension plans more than fully funded: report
The average Ontario defined benefit pension plan is in the best funded position since December 2009, according to the Financial Services Regulatory Authority of Ontario’s…
- By: Staff
- February 17, 2022 February 17, 2022
- 12:00
FSRA opens consultation on proposed pension benefits guarantee fund guidance
The Financial Services Regulatory Authority of Ontario is consulting on proposed pension benefits guarantee fund assessment deadlines and calculations guidance, which is designed to assist plan administrators…
- By: Staff
- February 17, 2022 February 16, 2022
- 09:00
Ontario non-profit joining CAAT’s DBplus pension
Community Living York South is joining the Colleges of Applied Arts and Technology pension plan’s DBplus. “After much research and consultation, we felt it was…
- By: Staff
- February 16, 2022 February 15, 2022
- 09:00
Employers building relevant financial wellness programs for both DB, DC pension members
Canadian Forest Products Ltd.’s new financial wellness program may have originated as the brainchild of its defined contribution pension plan committee, but it’s just as…
- By: Kelsey Rolfe
- February 11, 2022 February 11, 2022
- 08:54
Bruce Power using asset-liability studies, rebalancing to protect pension fund
As a nuclear power provider, Bruce Power’s culture emphasizes the importance of risk-averseness. This is reflected in the company’s efforts to secure the indexed benefits…
- By: Gideon Scanlon
- February 11, 2022 February 14, 2022
- 08:53
Canadian DB pensions’ average funding positions worsened in January: report
The funded position of a typical defined benefit pension plan decreased on a solvency basis but increased on an accounting basis in January, according to…
- By: Gideon Scanlon
- February 10, 2022 February 10, 2022
- 11:30
U.S. Virgin Islands refinancing bonds in bid to save public pension system
The governor of the U.S. Virgin Islands is refinancing more than US$800 million worth of bonds following numerous attempts to save a public pension system that…
- By: The Canadian Press
- February 9, 2022 February 9, 2022
- 15:00
OPTrust allowing plan members temporarily working part time to earn full pension service
The OPSEU Pension Trust is allowing its plan members to earn full pension service if they temporarily reduce their working hours. The changes were made…
- By: Staff
- February 8, 2022 February 7, 2022
- 09:00
CAAT expanding definition of who qualifies to receive benefits
The Colleges of Applied Arts and Technology Pension Plan is expanding the definition of who can qualify to receive benefits as disabled or as a…
- By: Staff
- February 7, 2022 February 7, 2022
- 09:00
Polish credit union joining CAAT’s DBplus pension
St. Stanislaus – St. Casimir’s Polish Parishes Credit Union Ltd. is the latest employer to join the Colleges of Applied Arts and Technology pension plan’s…
- By: Staff
- February 1, 2022 January 31, 2022
- 09:00
Association ending efforts to oppose N.B. pension’s move away from DB model
An eight-year legal effort to reverse a law that transformed New Brunswick’s public sector pension plan away from an indexed defined benefits model is being scrapped.…
- By: Gideon Scanlon
- January 25, 2022 January 25, 2022
- 12:30
N.S. Pension Services Corp. appoints new CIO
The Nova Scotia Pension Services Corp. is appointing Steve Mahoney as its new chief investment officer, effective April 1, 2022. He’s taking over the CIO…
- By: Staff
- January 20, 2022 January 19, 2022
- 11:00
Top 5 HR, pension and benefits stories of the week
As right-to-disconnect legislation gains steam across Canada and around the world, a story on how employers are dealing with this movement in 2022 took the…
- By: Staff
- January 14, 2022 January 13, 2022
- 09:00
PIAC appoints Sean Hewitt, Graeme Hay as new officers for 2022
The Pension Investment Association is appointing a new chair, vice-chair and secretary-treasurer for 2022. Sean Hewitt, chief executive officer of the Toronto Transit Commission Pension…
- By: Staff
- January 14, 2022 January 14, 2022
- 09:00