The Conference Board of Canada says the proposed Ontario Retirement Pension Plan (ORPP) will mean long-term increases in income that offset the small negative effect…
The U.S. Federal Reserve’s recent 25-basis-point rate hike—the first one since the 2008 meltdown—won’t affect the funded status of Canadian defined benefit pension plans, experts…
A new report by Statistics Canada says automatic increases in registered pension plans are most helpful to people who don’t save much in registered retirement…
JPMorgan Chase has agreed to pay $150 million to public pension funds and individuals hurt by its $6 billion “London Whale” trading loss, Ohio’s attorney…
A federal-provincial gathering of finance ministers reached rare consensus Monday on the polarizing subject of Canada Pension Plan (CPP) reform—they agreed to keep debating it.…
In our collective search for ways to offer retirement income security while maintaining contribution stability, jointly-sponsored pension plans (JSPPs), target benefit plans (TBPs) and shared…
As Finance Minister Bill Morneau meets with his provincial and territorial counterparts in Ottawa this weekend, it is expected that the Canada Pension Plan (CPP)…
The new Liberal government in Newfoundland and Labrador is dropping an effort to collect on pension overpayments to more than 400 people. The pensioners had…
Whether Prime Minister Justin Trudeau’s promise to enhance the CPP can shift from being a mere campaign pledge to becoming reality hinges on the provinces—and…
The deadline for filing amendments with respect to British Columbia’s Pension Benefits Standards Act (PBSA) has been extended by three months. Pension plan amendments required…
Benefits Canada magazine exists, at least in part, to inform the benefits and retirement services community—consultants, advisors, providers and, most important, employers—about key issues affecting…
Asian countries are aging faster than has been seen anywhere else in the world, and they need to urgently reform pension systems and encourage more…
While the decline of defined-benefit pension plans puts greater investment risk on employees, they do have options for securing at least a partially guaranteed benefit.…
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…
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…
Simply put, a glide path is a calculation designed to support an employee’s desired retirement timeline through investments in a target-date fund. When an employee…
In its 2024-25 annual plan, the Financial Services Regulatory Authority of Ontario is focusing on assessing and mitigating systemic and high-priority risks in the province’s…
A renewed call for increased domestic investments by Canadian pension plans isn’t surprising amid an ongoing discussion around the role of investment organizations in supporting the…
In its 2024 budget on Tuesday, the Ontario government reiterated its support for a provincial infrastructure bank to leverage public sector pension investments. The bank,…
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…
The University Pension Plan is launching a new web portal to prioritize plan member engagement throughout the year. “Transparency is an important value to our…
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…