The Ontario Retirement Pension Plan is needed because Ontarians' workplace pension plan coverage is low, and they aren't saving enough, according to Associate Minister of…
The Ontario Retirement Pension Plan (ORPP) is an unprecedented new mandatory provincial pension plan that represents the provincial government's "made-in-Ontario" solution for expanding pension coverage…
Ottawa needs to change federal tax rules so that they accommodate single-employer target benefit plans, according to a C.D. Howe Institute report.
BCE has reached an agreement to transfer the longevity risk for $5 billion of pension plan liabilities to Sun Life Financial.
The plunge in interest rates to new lows in recent years has made DB plan sponsors rethink whether their pension plans continue to be sustainable.…
Members of Acadia University's pension plan have voted in favour of transferring into the Public Service Superannuation Plan (PSSP).
Faced with growing pension risks, do target benefit plans offer security for sponsors?
If baby boomers aren’t prepared for retirement, who’s going to pick up the slack?
The House of Commons recently passed Bill C-518, which would revoke the pensions of politicians who are convicted of certain serious crimes.
I’ve been saving for retirement in an RRSP since I began working, but my past employers haven’t done a great job of communicating the benefits…
Want your employees to save more for retirement? Help them get out of debt.
While a majority of plan members participate in their voluntary group retirement plans, a large minority of them are forfeiting the employer contribution altogether.
Kimberly-Clark Corp.’s recent announcement that it will purchase group annuity contracts for about 21,000 retirees representing US$2.5 billion in pension obligations is the latest indication…
While more than two-thirds (69 per cent) of private sector workers in the U.S. have access to an employer-sponsored retirement savings plan, just half (52…
In anticipation of 25 per cent to 35 per cent growth in Canada by the end of 2024, restaurant chain Chipotle Mexican Grill Inc. is making…
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…
A story on how private payers are implementing preferred pharmacy networks to reduce benefits plan costs was the most-read story on BenefitsCanada.com this week. Here…
Hundreds of Albertans turned out for a meeting in Edmonton last week to hear officials from the Canada Pension Plan Investment Board discuss the state…
An article on how employers are enhancing their benefits packages to boost talent attraction and retention was the most-read story on BenefitsCanada.com this past week.…
Only a third (31 per cent) of U.K. pension plan members say they have sufficient retirement savings, down slightly from 32 per cent in 2022,…
An Ontario Superior Court ruling that allowed IBM Canada Ltd. to retrospectively rectify drafting errors that created unintended additional pension benefits for employees on disability…
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…
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…