Former Sears Canada Inc. employees are already feeling the impact of the company’s restructuring proceedings as they receive letters informing them of cuts to severance payments and…
Ontario will replace the temporary solvency funding exemption in place for specified multi-employer pension plans with a new target-benefit framework, the government announced Thursday. The…
Canadian pension plan solvency has been fairly flat so far this year, but the numbers are up over last year, according to Mercer. At 93 per…
When it comes to investing for retirement, do plan members benefit more from having target-date funds that come with a standard formula or funds that…
Despite all of the worries over costs, more than half of employers surveyed by Benefits Canada expect benefits to be more generous 20 years from now.…
“Indexing has its place, but an open-ended commitment at taxpayers’ expense is totally out of the question, particularly when the private sector cannot afford to…
As part of its celebration of its 40th anniversary, Benefits Canada followed up on research undertaken five years ago into plan sponsors’ attitudes towards their…
It seems the current pension crisis — whether it be over reform of the Canada Pension Plan or high levels of underfunding among private plans…
While employees want good benefits, finding ways to effectively convey information about the plan can be a challenge, particularly when today’s workforce is far from…
Last week’s move by Sears Canada Inc. to file for protection under the Companies’ Creditors Arrangement Act wasn’t a surprise for the company’s retirees, says their…
Public sector pensioners don’t necessarily live longer than private sector ones, a new study by Club Vita Canada Inc. has found. In its inaugural longevity…
Facing a monthly obligation to put $3.7 million a month into its pension plan to make up for a funding shortfall, Sears Canada Inc. is…
Over the next decade, employers will have to create workplace programs that recognize employees’ careers beyond retirement, speakers on a panel at an event in…
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…
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.…
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…
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…
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,…
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…
The Ontario Pension Board is working closely with employers to receive updated salary information from public sector workers that may have been impacted by 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…
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…