In order to understand how much to save, the starting point should be determining a retirement budget. Not only will such an exercise help employees…
When Loblaw Companies Ltd. purchased annuities to reduce the risk in its defined benefit pension plans in January 2017, the $350-million, inflation-linked buyout kicked off…
While retirement may not yet be at the top of millennials’ priority lists, it won’t be long before they arrive on the pension scene. How…
The ongoing Sears Canada Inc. and Wabush Mines restructurings illustrate that there’s perhaps nothing as vexing in insolvency situations as the position that pension deficits…
While 2017 was a relatively uneventful year in terms of legislative changes affecting pension plans, 2018 promises to be more significant, at least for many defined benefit…
As 2017 draws to a close, we turn our attention to the new year. As usual, there’s a lot happening in the Canadian pension environment. Below are…
With the pension woes at Sears Canada Inc. in the spotlight, the political parties have been busy touting their solutions to the defined benefit conundrum.…
Canada’s public sector pension organizations are global leaders. Over the past 30 years, they’ve distinguished themselves in the delivery of secure and sustainable defined benefit…
It’s hard enough for plan members to understand how they can best use their benefits plans, particularly when they’re unaware of the details of the…
The days of working for one employer and contributing to a single pension plan for an entire career are long over. In fact, 28 per…
One year after the federal government unveiled legislation that would allow federally regulated employers to offer target-benefit pension plans, the proposal has stalled in the…
Pension plan administrators should get used to dealing with requests for their actuarial documents while lawyers duke it out over just how confidential they are,…
Legislation requires a defined benefit pension plan to provide members leaving active service with the option of transferring out the lump-sum commuted value of their…
Among those with the most to worry about when a company as big as Sears Canada Inc. enters restructuring proceedings are the members of the…
There’s little doubt that working Canadians want a secure source of retirement income. The challenge for the pension industry is how to deliver the desired…
Alongside the Ontario government’s announcement earlier this month regarding a new funding framework for defined benefit pension plans in the province, it also said it…
Girls are “made of sugar and spice and everything nice — and gunpowder and Cubans and bourbon, no ice.” So sang Columbia Business School students…
When Canadian Investment Review held its inaugural Global Investment Conference 20 years ago, foreign investments were something of a niche for Canadian pension plans. With…
We’re living in a society with a new generation of employees who also happen to be digital natives. Generation-Y and millennials learn, act and understand…
When it comes to addressing the many challenges facing pension and benefits plans, we already know many of the solutions. Taking action on them, however,…
We often hear that to ensure a reasonable chance of having a good retirement outcome from a defined contribution pension plan, plan members should aim…
Each year, employees at Britain’s Barclays Bank make decisions about their benefits and pension plan during the enrolment period. To learn more about their plan,…
The interest in pension funding rules is as great as ever, with changes taking effect in Quebec in 2016 and a review of funding rules…
When General Electric Co. acquired French multinational Alstom’s energy activities in November 2015, the transaction was via a stock purchase. That meant the whole division…
Like most 19-year-olds, Gary Howe didn’t pay a great deal of attention to his pension entitlements when he signed up with Stelco Inc. as an…