Sears Canada Inc. retirees are facing clawbacks to their pensions due to 10 months of overpayments. Since October 2017, the retailer’s former employees have been…
Pension plan administrators’ overall satisfaction with the Office of the Superintendent of Financial Institutions is on the rise, according to a new survey. The survey, commissioned…
The upcoming enhancements to the Canada Pension Plan will increase Canadians’ total CPP benefits by about 44 per cent by 2070, according to a new report by…
The Canada Pension Plan (CPP) was designed in 1965 to replace 25 per cent of a person’s pensionable earnings in retirement, a figure that still…
Extending people’s working lives could provide a windfall of more than $4.6 trillion across Organisation for Economic Co-operation member countries, according to new report by PricewaterhouseCoopers.…
The kingdom of Belgium has presented Ron Mock, president and chief executive officer of the Ontario Teachers’ Pension Plan, with its second-highest order of knighthood.…
After nearly two months of strike action, Compass Minerals International Inc. and hourly workers at its mine in Goderich, Ont., remain at a stalemate in…
The Ontario Public Service Employees Union is adding its voice to the concerns about possible pension plan changes by the Ontario Municipal Employees Retirement System.…
At the end of its 2018 fiscal year, the Public Sector Pension Investment Board posted a net return of 9.8 per cent, representing $13.5 billion…
Quebec has passed its bill eliminating disparities in pension and supplementary group benefits plans. The bill was passed on Tuesday with a number of additions to the province’s…
While an investment bank that provides advisory services to the federal government has approached the Canada Pension Plan Investment Board about the Trans Mountain pipeline,…
Lower bond yields and mixed markets drove down the median solvency ratio of Canadian defined benefit plans in May, according to Aon’s monthly survey. On June 1,…
Canadian group annuity sales reached an estimated $1 billion in the first quarter of 2018, according to Willis Towers Watson’s quarterly update. The significant volume…
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…