DB plan sponsors in Alberta (and soon British Columbia) should carefully consider taking advantage of recent and forthcoming) legislation in those provinces permitting them to…
One-third of employed women and one-quarter of employed men ages 25 to 54 were covered by a DB plan in 2012, says Statistics Canada.
Earlier this summer, Fidelity Investments settled two lawsuits brought by employees over the company’s own 401(k) plan. The suits alleged the firm offered employees its…
The Government of Ontario has released a consultation paper on the Ontario Retirement Pension Plan.
NCR has purchased a single premium group annuity contract from The Principal to transfer about US$160 million ($185.8 million) of pension liabilities.
MetLife has signed an agreement to provide pension benefits to 7,045 retirees and current beneficiaries in TRW’s DB plan in a US$440-million ($511.5-million) transaction.
Pension wealth advanced to $2.85 trillion at the end of 2013, up 11.4% from 2012, says Statistics Canada.
In our last post, we looked at two of the myths surrounding target benefit plans (TBPs). This time, we look at myths involving unions’ opposition…
Aon Hewitt has announced the Canadian launch of a new tool designed to help DB plan sponsors more effectively understand longevity.
Decumulation is a trending topic in the pension and broader financial services industries. A Google search on decumulation (and variants) and retirement filtered on Canadian…
A majority of Canadian employers with DC plans say retirement readiness has become a major issue for their employees and for their organizations.
The responsibilities of Canadian DC sponsors during the deculumation phase remain unclear, but they can still help members in a number of ways, experts argue.
Statistics Canada says the market value of Canadian employer-sponsored pension funds rose for the fourth consecutive quarter, totalling $1.4 trillion at the end of the…
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…