The Association of Canadian Pension Management says Ontario’s solvency funding framework for defined benefit pension plans should use Quebec’s new funding regime as a model.…
After considering feedback from its online consultation, British Columbia will support the Canada Pension Plan enhancement. The consultation, which was launched on July 15, 2016,…
An accounting difference involving the Ontario Public Service Employees Union Pension Plan and the Ontario Teachers’ Pension Plan has the government at odds with the…
As the federal Department of Finance consults on proposed amendments to Canada’s Income Tax Act, the Association of Canadian Pension Management has responded with a…
During an event held last week in Toronto, participants discussed how the 70-per-cent replacement rate as a measure of retirement income adequacy could be modified.…
Cancelling the increase to the age of eligibility for old-age security was certainly a popular move. The change, which quickly followed the Liberals’ election in…
With pensions a growing concern for Canadians’ livelihoods, the public has a valid interest in knowing how they’re performing. And when it comes to public…
For such a small number, the discount rate used by a pension plan can have a very significant impact on its funded status. Actuaries use…
Protecting against longevity risk is one of the biggest challenges for people with defined contribution pension plans because, if they live longer than their savings…
Before changes brought in by the federal government in the late 1980s, a mechanism to protect defined contribution plans against longevity risk used to exist.…
In a previous post, I extolled the virtues of a benefits communications policy for those who communicate pensions and benefits to employees. Two recent court…
When considering claims that Canadians lack adequate savings for retirement, it’s crucial to ask whether “fourth-pillar” assets have been fully considered in reaching this conclusion,…
While there has been much discussion of the need to refine the common notion of a 70 per cent replacement rate in retirement, implementing a…
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…