The City of Winnipeg will soon approach police unions about amending their defined benefit pension plan as it struggles to keep it afloat, according to…
The government of British Columbia has extended the period over which pension solvency deficiencies can be funded by five years to assist plan sponsors registered…
Niagara Casinos launched an intensive communications campaign in 2015 to ensure employees were taking advantage of its defined contribution pension plan. The company’s efforts to…
Diversified pooled pension fund managers posted a median return of 4.4 per cent before management fees for the third quarter of 2016 and a median…
Pension decisions shouldn’t be made in a vacuum. For plan members to make the best decision they have to understand more than just the details…
Anyone who has grappled with Canada’s pension-related GST/HST rules can agree with the Association of Canadian Pension Management’s recent assertion that the rules are “extraordinarily…
The Office of the Superintendent of Financial Institutions Canada has published a revised version of its instruction guide for the preparation of actuarial reports for…
Canada’s retirement system maintained its score of a B on the 2016 Melbourne Mercer Global Pension Index, indicating a sound structure, many good features and…
We may be witnessing the most significant changes to the funding rules of Canadian defined benefit pension plans in more than 25 years. First, since…
Millennial business owners are more likely to invest in employee benefits with 81 per cent investing in benefits within a year of launching their business,…
A court hearing on whether Northern Transportation Co. Ltd. pensioners should be the first recipients of the proceeds of the company’s sale has been delayed.…
Ontario Teachers’ Pension Plan will acquire the Canadian arm of an international beer, wine and spirits producer and marketer for about $1.03 billion. Apart from…
The median solvency ratio of Ontario’s defined benefit pension plans at Sept. 30, 2016 was 79 per cent, a very slight drop from 80 per…
Canadian plan members reported a significant drop in the amount they believe they need to retire — from roughly $1.4 million in 2023, 2024 and…
While the percentage of plan members who describe their personal financial situation as significantly or somewhat better than last year decreased from 42 per cent…
Methodology improvements are pushing the life expectancy of Canadian retirees and surviving spouses by roughly one year to age 65 as of Jan. 1, 2024,…
In its 2026 budget on Thursday, the Ontario government proposed doubling the pension benefits guarantee fund’s monthly guarantee limit from $1,500 to $3,000 for all…
The bankruptcy of the Hudson Bay Co. and subsequent loss of promised supplemental employee/executive retirement plan benefits to executives has caused many to rethink the…
Derek Dobson, chief executive officer and plan manager at the Colleges of Applied Arts and Technology’s pension plan, is departing the organization following a formal…
Bell Canada’s defined benefit and defined contribution pension plans are both overseen by the same pension committee. The meeting cadences differ, but the committee leans…
Employers can reinforce the value of their workplace retirement plans by communicating to plan members about the importance of having money later versus money now,…
The Financial Services Regulatory Authority of Ontario is marking its fourth annual Pension Awareness Day today by encouraging employees to understand their employer-sponsored retirement plan…
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…