The Manitoba government has approved a deferral of pension payments to help the sale of the troubled Tolko Industries pulp and paper mill in The…
The baby boomers, of which I am one, are famous for having distorted just about every market they have touched. Housing was perhaps the first…
A settlement has been reached to end a lengthy battle over divvying up the US$7.3 billion raised in Nortel Networks Corp.’s bankruptcy liquidation. The decision…
The Ontario Ministry of Finance recently closed its consultation on proposed amendments to the province’s solvency funding framework for defined benefit pension plans as plan…
Ari Kaplan has launched Kaplan Law, Canada’s first law firm focusing on pension dispute mediation. With two decades of experience at Koskie Minsky, Kaplan has been…
Fiat Chrysler Automobiles has reached a tentative agreement with Unifor that includes increasing wages and benefits for the union’s members in line with an economic…
The Office of the Superintendent of Financial Institutions has published updated guides for the disclosure requirements of defined contribution and defined benefit plans. The new…
The Alberta Investment Management Corp. has entered into a strategic financing relationship with Journey Energy Inc., a Canadian exploration and production company. Journey has completed…
The federal government has introduced legislation to enhance the Canada Pension Plan days after British Columbia signed on to support the expansion. Upon receiving royal…
The majority of public education spending in Canada between 2004 and 2015 went to pensions, benefits and wages, a new report by the Fraser Institute…
HOOPP Realty Inc., a subsidiary of the Healthcare of Ontario Pension Plan, has entered into an agreement to buy a 50 per cent interest in…
The Nova Scotia Pension Services Corp. has appointed Doug Moodie as interim president and chief executive officer, effective Oct. 28. Steven Wolff, current president and…
The registered retirement savings plan is fast approaching its 60th birthday. There have been many changes over that period and Canadians’ contributions have ebbed and…
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…