Latest news in Defined benefit pensions

Report finds global pension assets increase 4.9% in 2024

Global pensions assets rose by 4.9 per cent as of December 2024, reaching a record US$58.5 trillion, led by growth in the largest defined contribution…

  • By: Staff
  • February 18, 2025 February 13, 2025
  • 09:00
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58% of workers aged 40 to 60 say financial stress is their top worry: survey

More than half (58 per cent) of Canadian workers aged 40 to 60 say financial stress is their No. 1 worry, according to a new…

  • By: Staff
  • February 13, 2025 February 12, 2025
  • 09:00

ACPM focusing on flexible pension models, CAPSA guidelines in 2025

In 2025, the Association of Canadian Pension Management is focusing on flexible pension plan models amid a backdrop of multiple elections taking place across Canada.…

Nova Scotia Pension Services Corp. appoints Brendon LeLievre as senior manager, business development

The Nova Scotia Pension Services Corp. is appointing Brendon LeLievre as senior manager of business development, effective Feb. 5, 2025. In the new role, he’ll…

  • By: Staff
  • February 11, 2025 February 10, 2025
  • 11:00

Average Canadian DB pension plan returns -1.3% in December: report

The funded position of a typical Canadian defined benefit pension plan decreased both on a solvency and accounting basis in December 2024, according to Telus…

  • By: Staff
  • February 10, 2025 February 7, 2025
  • 09:00

Ontario Teachers’ plan member lawsuit highlights cryptocurrency investment risks: expert

While a plan member lawsuit against the Ontario Teachers’ Pension Plan regarding cryptocurrency investment decisions isn’t entirely surprising, it’s not a common event in Canada,…

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Gen Z, Alpha open to receiving cryptocurrency pension payouts: survey

A fifth (20 per cent) of individuals from generation Z and generation Alpha are open to receiving pension payouts in cryptocurrency, according to a new…

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

An article on the Benefits Alliance’s 2025 priorities was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits,…

  • By: Staff
  • January 31, 2025 January 30, 2025
  • 09:00

2024 DB Investment Forum: A look behind the scenes at the Medicus Pension Plan

The limited availability of retirement income solutions is giving physicians in Canada a compelling reason to join a new multi-employer pension plan, said Simone Reitzes,…

Unified ‘going-concern plus’ regime, reinstating real return bonds among PIAC’s 2025 priorities

Implementation of harmonized minimum funding regulations for federally regulated defined benefit pension plans tops the Pension Investment Association of Canada’s list of advocacy priorities in…

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Wilfrid Laurier Pension Plan members consent to join UPP

Members of the Wilfrid Laurier University Pension Plan have consented to join the University Pension Plan. With member consent secured, Wilfrid Laurier will submit a…

  • By: Staff
  • January 28, 2025 January 28, 2025
  • 09:00

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

An article on the impact of U.S. President-elect Donald Trump’s tariff threats and Prime Minister Justin Trudeau’s resignation on financial markets was the most-read story…

  • By: Staff
  • January 17, 2025 January 16, 2025
  • 09:00

Verizon’s US$5.9BN pension risk transfer faces lawsuit alleging breach of fiduciary duties

Verizon Communications Inc. is facing a lawsuit by retirees alleging the organization breached its fiduciary duties and engaged in prohibited transactions when it completed a…

  • By: Staff
  • January 16, 2025 January 16, 2025
  • 09:00
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U.S. DB pension payouts generating US$1.5 trillion in economic output: report

In 2022, U.S. retiree spending — driven by private and public sector defined benefit pension payouts — generated US$1.5 trillion in total economic output and…

  • By: Staff
  • January 14, 2025 January 13, 2025
  • 15:00
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CPPLC prioritizing employee financial literacy, retirement readiness in 2025

Promoting employee financial awareness and retirement readiness amid the rising cost of living is a priority for the Canadian Public Pension Leadership Council in 2025,…

  • By: Blake Wolfe
  • January 14, 2025 January 15, 2025
  • 09:00

Victoria University, more Trent University workers joining UPP

Eligible members of the Victoria University General Pension Plan, along with Trent University’s Contributory Pension Plan for Employees represented by OPSEU Local 365 and the…

  • By: Staff
  • January 14, 2025 January 13, 2025
  • 09:00
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Top 5 HR, benefits, pension and investment stories of the week

An article on the issues that Canadian pension plan sponsors are considering in 2025 was the most-read story on BenefitsCanada.com this past week. Here are…

  • By: Staff
  • January 10, 2025 January 9, 2025
  • 09:00

Average solvency ratio of DB pension plans increased 3% in Q4 2024: report

The median solvency ratio of Canadian defined benefit pension plans increased to 125 per cent by the end of the fourth quarter of 2024, up…

  • By: Staff
  • January 9, 2025 January 8, 2025
  • 09:00

VPLAs, target-benefit pension legislation among CIA’s 2025 priorities

Variable payment life annuities and the impact of gender identity on actuarial standards are among the issues the Canadian Institute of Actuaries is monitoring in…

Lawsuit alleges feds prevented part-time RCMP officers from buying back into pension plan

The National Police Federation, which represents 20,000 Royal Canadian Mounted Police officers, has launched a class action claiming the federal government has wrongfully prevented part-time…

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Expert panel: Regulatory guidelines, geopolitical risk impacting pension plan sponsors in 2025

With the start of a new year, there are several developments and trends that will likely impact Canadian pension plan sponsors in 2025. Implementation of…

TTC Pension Plan appointing Heather Wolfe as CEO

The Toronto Transit Commission Pension Plan is appointing Heather Wolfe as its new chief executive officer, effective March 3, 2025. She succeeds acting CEO James…

  • By: Staff
  • January 3, 2025 January 3, 2025
  • 14:00

FSRA monitoring target-benefit framework, pension risks in 2025

The Financial Services Regulatory Authority of Ontario is closely monitoring administrative risk and pension plan sponsors’ geopolitical concerns in 2025, says Andrew Fung, the organization’s…

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Top 10 HR, benefits, pension and investment stories of 2024

From the unlocking of pension benefits in Nova Scotia to new pay transparency rules in Ontario, stories about pension and employment legislation caught the eyes…

  • By: Staff
  • December 23, 2024 December 19, 2024
  • 09:00