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