Public sector pension plans often come under criticism for what some observers suggest is the high costs paid by taxpayers to fund generous benefits. A…
With the aging of Canada’s population, the move to defined contribution pension plans in the private sector and increases in life expectancy, the issue of…
The terms of a settlement for Wabush Mines’ former employees and retirees are now available, including an $18-million payment to address a $28-million pension shortfall and an…
The Canada Pension Plan Investment Board posted a net annual return of 11.6 per cent as the end of its fiscal year on March 31,…
Three years after Wabush Mines filed for restructuring, its former employees and retirees will see an increase to their pensions, following a previous reduction of between 21…
iA Financial Group is rolling out its retirement website to all group and individual plan members. The website, which aims to help people prepare for…
The funded status of the Segal Group Inc.’s model multi-employer pension plan dipped to 98 per cent during the first quarter of 2018, down from…
Earlier this month, the Pension Investment Association of Canada came out in support of Ontario’s proposed regulations for variable benefits from defined contribution pension plans.…
Almost half (45 per cent) of Canadians are confident they’ll be able to maintain their standard of living in retirement to a life expectancy of 85,…
Pension plan sponsors can save money by ensuring their plan texts and other communications materials are free of mistakes, says Mitch Frazer, a partner and the chair…
Sears Canada Inc. pension plan members are facing bleak prospects for getting their full pension payouts, according to a Toronto bankruptcy lawyer. “They won’t be…
Canadian defined benefit pension plans held steady in positive territory in the first quarter of 2018 with returns of 0.2 per cent, according to RBC Investor and…
Despite his death earlier this year, Ikea founder Ingvar Kamprad’s influence lives on at the international furniture behemoth. The notoriously frugal Kamprad reportedly flew economy class,…
While more than two-thirds (69 per cent) of private sector workers in the U.S. have access to an employer-sponsored retirement savings plan, just half (52…
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…
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…
A story on how private payers are implementing preferred pharmacy networks to reduce benefits plan costs was the most-read story on BenefitsCanada.com this week. Here…
Hundreds of Albertans turned out for a meeting in Edmonton last week to hear officials from the Canada Pension Plan Investment Board discuss the state…
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.…
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,…
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…
Clear and flexible regulations that reflect the nature and diversity of target-benefit plans would allow these plans to thrive, according to a new report from…
As Ontario prepares to introduce pay transparency legislation, it’s important for employers to consider how much information they want to share in job postings, says…
Desjardins Insurance is marking Financial Literacy Month with a series of budgeting workshops for employees and an interactive game to help improve financial literacy. The…
Many plan members are experiencing risk factors related to poor mental, physical and financial well-being, but often don’t know they can turn to their benefits…