British Columbia, Nova Scotia, Ontario, Quebec and Saskatchewan have entered into a new multi-jurisdictional pension plan agreement. More than 1,100 plans will fall under the…
The median solvency ratio of Canadian defined benefit pension plans increased in May as stable growth in equities offset the impact of declining bond yields,…
Consultancy Proteus has launched a series of educational videos to help employers with the top issues and challenges facing their retirement plans. The first video, which…
As previously announced in March’s federal budget, the Liberal government has launched a consultation on whether it should keep, relax or scrap the “30-per-cent rule,” which currently…
Nearly two-thirds (65 percent) of global employees support auto-enrolment in workplace pension plans, according to a new report from the Aegon Centre for Longevity and Retirement…
The venture capital investment arm of the Ontario Municipal Employees Retirement Plan is partnering with the Canadian Film Centre’s Media Lab for a study on virtual…
Ontario has passed the Ontario Retirement Pension Plan Act, 2016 today, despite the impending meeting of Canada’s finance ministers on June 19-20 to discuss enhancements to…
For the small number of seniors considered low income who receive an average of $3,610 from the Canada Pension Plan each year, enhancements to the national pension…
The Canada Pension Plan Investment Board has committed 150 million euros ($219 million) to a bond secured on properties in Romania’s capital, Bucharest. Read: CPPIB’s…
An effort by the NDP to clamp down on exemptions from the Ontario Retirement Pension Plan went down to defeat yesterday as debate on the…
With Canada’s finance ministers preparing for a meeting next month to discuss ways to enhance the Canada Pension Plan, what’s the likelihood of success? In an interview with Benefits Canada’s sister…
Canada’s finance ministers have scheduled a meeting for June 19-20 in Vancouver to discuss ways to reform the Canada Pension Plan, the Globe and Mail…
While the Canada Pension Plan Investment Board’s modest 3.4 per cent investment return announced last week will have minimal short-term effects, its investment income will have significant…
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…