The federal New Democratic Party is proposing changes to federal bankruptcy laws to protect employees and retirees when their employer files for bankruptcy. Its End…
For plans sponsors that haven’t comprehensively reviewed their statements of investment policies and procedures in a while, it may be time to refresh the document to…
Members of the Youth Services Bureau of Ottawa pension will be voting this fall on whether to join the Colleges of Applied Arts and Technology…
The Ontario Superior Court has postponed a motion by Sears Canada Inc. retirees and employees to wind up the company’s defined benefit pension plan. On…
As the defined contribution pension industry continues to mature, employers are considering ways to improve them by introducing elements of defined benefit plans, an industry…
Two-thirds of households are setting aside money for retirement, taking advantage of either a registered pension plan, a registered retirement savings plan or a tax-free…
Nova Scotia is following in the footsteps of a number of other provinces by looking into its funding framework for defined benefit pension plans. Like…
Mercer is introducing outsourced governance for employers with defined contribution pension plans. The offering, Mercer Future Wise, will delegate employers’ plan governance to a team…
The OPSEU Pension Trust has completed the 1,000th trade from its in-house trading floor, which was launched in June. The decision to manage a large…
The Ontario government’s disagreement over how to treat the surpluses of two of its major pension plans is heating up once again as the province’s auditor…
The median solvency ratio of Canadian defined benefit pension plans declined to 96.5 per cent in August, amid rising global political instability and subdued equity…
The Ontario Teachers’ Pension Plan reached an asset total of $180.5 billion as of June 30, 2017, representing a $4.9-billion increase since the start of…
Nearly half (46 per cent) of working Canadians believe they’ll have to work longer than they’d planned five years ago as a result of not saving enough, according…
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…