Pensions – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 26 Apr 2024 20:02:31 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Top 5 HR, benefits, pensions and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pensions-and-investment-stories-of-the-week-2/ Fri, 26 Apr 2024 13:00:15 +0000 https://www.benefitscanada.com/?p=154748 An article on how employers are enhancing their benefits packages to boost talent attraction and retention was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. 70% of employers say it’s impossible to offer all benefits demanded by employees: survey […]

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]]> Chipotle expanding benefits offering to focus on career development, student debt https://www.benefitscanada.com/benefits/health-benefits/chipotle-expanding-benefits-offering-to-focus-on-career-development-student-debt/ Fri, 26 Apr 2024 13:00:13 +0000 https://www.benefitscanada.com/?p=154622 In anticipation of 25 per cent to 35 per cent growth in Canada by the end of 2024, restaurant chain Chipotle Mexican Grill Inc. is making staff development a key part of its attraction and retention strategy. This focus on employee development has contributed to an internal promotion rate of 87 per cent and has led […]

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]]> Just a third of U.K pension plan members feel they’ve saved enough to retire: survey https://www.benefitscanada.com/pensions/retirement/just-a-third-of-u-k-pension-plan-members-feel-theyve-saved-enough-to-retire-survey/ Fri, 26 Apr 2024 13:00:11 +0000 https://www.benefitscanada.com/?p=154722 Only a third (31 per cent) of U.K. pension plan members say they have sufficient retirement savings, down slightly from 32 per cent in 2022, according to a survey by Trafalgar House. The survey, which polled 2,000 adults, found 48 per cent believe they’ve saved much less than they need, up from 45 per cent. […]

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]]> Ontario court sides with IBM in pension benefits rectification case https://www.benefitscanada.com/pensions/governance-law/ontario-court-sides-with-ibm-in-pension-benefits-rectification-case/ Wed, 24 Apr 2024 13:00:25 +0000 https://www.benefitscanada.com/?p=154599 An Ontario Superior Court ruling that allowed IBM Canada Ltd. to retrospectively rectify drafting errors that created unintended additional pension benefits for employees on disability leave augurs well for plan sponsors seeking similar relief going forward. “The case clarifies that there is a specific test for rectification of pension plans and other unilateral instruments, which […]

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]]> Average funded ratio of Canadian DB pension plans up 7% in Q1 2024: report https://www.benefitscanada.com/pensions/defined-benefit-pensions/average-funded-ratio-of-canadian-db-pension-plans-up-7-in-q1-2024-reports/ Tue, 23 Apr 2024 13:00:03 +0000 https://www.benefitscanada.com/?p=154482 The funded ratio of the average Canadian defined benefit pension plan, excluding the effect of asset smoothing, reached 124 per cent as at March 31, 2024, up seven per cent from the fourth quarter of 2023, according to a new report by Normandin Beaudry. It found the average solvency ratio of Canadian pension plans was […]

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]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-80/ Fri, 19 Apr 2024 13:00:14 +0000 https://www.benefitscanada.com/?p=154428 A story on how Organon Canada is supporting women employees at every stage of their career was the most-read story on BenefitsCanada.com. Here are the top five human resources, benefits, pension and investment stories of the past week: 1. Organon launching initiative to support women’s career, health journey in the workplace 2. Survey finds 38% of Canadian employees […]

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]]> 70% of employers say it’s impossible to offer all benefits demanded by employees: survey https://www.benefitscanada.com/benefits/health-benefits/70-of-employers-say-its-impossible-to-offer-all-benefits-demanded-by-employees-survey/ Fri, 19 Apr 2024 13:00:13 +0000 https://www.benefitscanada.com/?p=154414 While employers recognize employee benefits are an important part of attracting and retaining talent, seven in 10 (70 per cent) say it’s impossible to offer all of the benefits that employees are currently demanding, according to a new survey by the Harris Poll on behalf of Express Services Inc. The survey, which polled more than […]

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]]> Survey finds 74% of Canadians aged 24 to 44 view conventional retirement approach as outdated https://www.benefitscanada.com/pensions/retirement/survey-finds-74-of-canadians-aged-24-to-44-view-conventional-retirement-approach-as-outdated/ Thu, 18 Apr 2024 19:00:12 +0000 https://www.benefitscanada.com/?p=154416 Three-quarters (74 per cent) of Canadians aged 24 to 44 say the conventional approach to retirement — halting work at age 65 to enjoy a life of leisure — is an outdated concept, according to a new survey by Leger on behalf of Wealthsimple. The survey, which polled more than 1,500 Canadians, found roughly 60 […]

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]]> Feds seeking to boost domestic investments by Canadian institutional investors: budget https://www.benefitscanada.com/news/cir-news-news/feds-seeking-to-boost-domestic-investments-by-canadian-institutional-investors-budget/ Wed, 17 Apr 2024 13:00:53 +0000 https://www.benefitscanada.com/?p=154356 In its 2024 budget on Tuesday, the federal government announced a new working group dedicated to encouraging increased domestic investments by Canadian institutional investors. Former Bank of Canada governor Stephen Poloz is being tasked to lead an organization that will identify priority investment opportunities in the country for the more than $3 trillion held by […]

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]]> FSRA focusing on target-benefit framework for MEPPs, sustainability of PBGF in 2024-25 annual plan https://www.benefitscanada.com/pensions/governance-law/fsra-focusing-on-target-benefit-framework-for-mepps-sustainability-of-pbgf-in-2024-25-annual-plan/ Wed, 17 Apr 2024 13:00:25 +0000 https://www.benefitscanada.com/?p=154330 In its 2024-25 annual plan, the Financial Services Regulatory Authority of Ontario is focusing on assessing and mitigating systemic and high-priority risks in the province’s defined benefit pension plan sector. The regulatory body will review and enhance its supervisory framework to strengthen supervision of large public sector pension plans, ensuring its plan amendments and surplus […]

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