Pensions Page 266

Top Stories in Pensions

New minister appointed to oversee ORPP

New minister appointed to oversee ORPP

The Ontario Retirement Pension Plan has a new minister in charge following Ontario Premier Kathleen Wynne’s cabinet shuffle today. Among the moves was the appointment…

  • By: Staff
  • June 13, 2016 September 13, 2019
  • 12:19
Increases to GIS top-up benefit coming July 1

Increases to GIS top-up benefit coming July 1

The Liberal government’s proposed increase to the guaranteed income supplement top-up benefit by up to $947 annually for the most vulnerable single seniors comes in…

  • By: Staff
  • June 13, 2016 September 13, 2019
  • 09:29
Is Illinois’ auto-enrolment savings program better than the ORPP?

Is Illinois’ auto-enrolment savings program better than the ORPP?

As Canadians continue to debate changes to public pension programs, Illinois is tackling the retirement savings issue with its new Secure Choice Savings Program that will…

B.C. Investment Management Corp. to acquire Glencore Agricultural Products

B.C. Investment Management Corp. to acquire Glencore Agricultural Products

The British Columbia Investment Management Corp. (bcIMC) has entered into a definitive agreement to acquire 99.9 per cent stake in Glencore Agricultural Products for a consideration of…

  • By: Staff
  • June 10, 2016 September 13, 2019
  • 14:16
CUPE joins New Brunswick public pension lawsuit

CUPE joins New Brunswick public pension lawsuit

The Canadian Union of Public Employees has served notice to the province of New Brunswick that is wants to intervene in a lawsuit against incoming changes…

  • By: Staff
  • June 10, 2016 September 13, 2019
  • 09:31
PSP investments acquires interest in Allflex Group

PSP investments acquires interest in Allflex Group

The Public Sector Pension Investment Board (PSP Investments) has acquired a minority interest in Allflex Group from international private equity firm BC Partners. BC Partners first invested…

  • By: Staff
  • June 10, 2016 September 13, 2019
  • 09:16
How does Canada’s public pension system measure up globally?

How does Canada’s public pension system measure up globally?

With the Canada Pension Plan on many people’s minds, how does Canada’s public pension system compare to those of other countries? In light of the debate…

Actuary association suggests ‘modest’ benefit increase in CPP reform

Actuary association suggests ‘modest’ benefit increase in CPP reform

The Canadian Institute of Actuaries has published a public position on the potential expansion of the Canada and Quebec Pension Plans, including a modest benefit increase, equal employer…

  • By: Staff
  • June 9, 2016 September 13, 2019
  • 14:17
CPPIB and Teachers’ invest in Mexican toll road

CPPIB and Teachers’ invest in Mexican toll road

Two of Canada’s largest pension funds — the Canada Pension Plan Investment Board and the Ontario Teachers’ Pension Plan — are partnering with an infrastructure…

  • By: Staff
  • June 9, 2016 September 13, 2019
  • 10:15
What are Canada’s best places to retire?

What are Canada’s best places to retire?

Which cities in Canada are the best places to retire? Benefits Canada‘s sister publication MoneySense has published its annual ranking of Canada’s Best Places to…

  • By: Staff
  • June 9, 2016 September 13, 2019
  • 09:19
Making the most of annual pension statements to boost member engagement

Making the most of annual pension statements to boost member engagement

Time and time again, research reveals that defined benefit and target benefit plan members rank their annual pension statement as the single most important piece of…

Ontario plans tout ESG progress at responsible investment conference

Ontario plans tout ESG progress at responsible investment conference

While discussions continue over new requirements around environmental, social and governance factors in Ontario, OPTrust has had provisions in place since 2007, says an official at the…

Sounding Board: Canada leads in pension systems for public sector workers

Sounding Board: Canada leads in pension systems for public sector workers

What does Canada do better than any other country? Play hockey? Let’s not go there. Run an effective, efficient and sustainable retirement income system for the…

Survey finds Canadians estimate they need an average of $976,835 to retire

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…

Fewer plan members describing financial situation as better, worse than last year: survey

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…

Rising life expectancy increasing liabilities, service costs for pension plan sponsors: CIA

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,…

Ontario proposing increase to PBGF’s monthly guarantee limit, cost reductions for pension plan administrators

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…

Sounding Board: How SERPs can support financial wellness, retirement readiness

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…

CAAT CEO departing following leadership crisis, paying back $1.6 million vacation payout

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…

  • By: Staff
  • March 6, 2026 March 6, 2026
  • 15:00

What can DC pension committees learn from DB plan governance?

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…

Communication key to reinforcing value of workplace retirement plans: report

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,…

  • By: Staff
  • March 5, 2026 March 4, 2026
  • 09:00

Pension Awareness Day 2026: FSRA highlighting plan member education, retirement readiness

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…

  • By: Blake Wolfe
  • February 19, 2026 February 18, 2026
  • 09:00

Amazon Canada’s new estate planning benefit key to financial wellness win

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 benefits program awarded for balancing innovation, sustainability

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…

How Ontario pay transparency legislation will impact employers

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…

  • By: Sadie Janes
  • December 4, 2023 December 1, 2023
  • 09:00