More than a third of Canadians aren’t confident they’ll reach their financial goal for retirement, according to a new survey by the Royal Bank of Canada. The…
While a defined benefit pension plan’s main goal is to provide steady income for retirees, in doing so they also provide substantial benefits to local, state…
The Corporation of the City of York employee pension plan is merging with the Ontario Municipal Employees Retirement System. The City of York plan is one…
The Canadian Life and Health Insurance Association is to be commended on its proactivity in proposing a new guideline for compensation disclosure in group benefits and group…
Three lawsuits were filed in December by the parties seeking the best possible outcome for former Sears Canada Inc. employees with regard to the funding deficit of their defined…
Hub International Ltd. is acquiring TRG Group Benefits and Pensions Inc., an employee benefits consultancy based in Vancouver. Rob Taylor, managing director of TRG, will be…
Half of working-age Canadian women are worried they won’t have enough money to cover care and medical expenses once they retire, according to a new…
Just six per cent of Canadians cited saving for retirement as a financial priority in 2019, according to a new survey by CIBC. Paying down…
The solvency positions of Canadian defined benefit pension plans declined in the fourth quarter of 2018 after experiencing gains in the first nine months of…
Veterans Affairs is being accused of avoiding consultations with veterans after introducing details of its Pensions for Life program. The new pension plan, taking effect April…
The largest corporate pension plans in the United States experienced a slight drop in their funded status at the end of 2018 due to the…
As new, enhanced Canadian Pension Plan contributions come into effect this year, the Canada Pension Plan Investment Board will receive and invest the increased funds. “Over the past year,…
As 2018 draws to a close, professionals in the pension, investment, benefits and human resources industries have a number of dates to add to their calendars for the year…
Allowing increased retirement savings pooling and portability can help improve efficiency, as well as pension plan member retention and continuity, according to a policy recommendation…
The combination of several innovations in defined contribution pension plan design can dramatically improve retirement readiness across income levels, according to a new report by…
An article on British Columbia’s updated pension standards, including the introduction of auto-escalation for defined contribution pension plans, was the most-read article on BenefitsCanada.com this past…
An article on a recent Ontario Superior Court decision related to surplus pension assets was the most-read article on BenefitsCanada.com this past week. Here are…
A recent Ontario Superior Court decision related to surplus pension assets was a rubber stamp of the monitor’s recommendations, rather than a decision with precedential…
The federal government’s recent announcement that it will make the employee ownership trust tax exemption permanent is a major incentive for employers to transition their…
The Ontario Pension Board is communicating its long-term strategic plan to members through a new interactive online page. The platform, dubbed ‘On the Horizon’, is…
In times of increased economic uncertainty, the number of tough financial choices facing the average person seems to rise exponentially. Clashing priorities battle it out:…
PepsiCo Canada may be known for quenching thirst and satisfying snack cravings, but the organization’s leadership recently identified another kind of demand: clearer, more personalized…
Amazon Canada’s commitment to unique financial wellness offerings led to a win at Benefits Canada‘s 2024 Workplace Benefits Awards on Oct. 18. The technology company was…
Admiral Insurance’s award-winning benefits program is demonstrating how employers can use versatility to strike a fine balance between finding innovative solutions and maintaining plan sustainability. The…
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…