The Government of Ontario has released proposed amendments to Regulation 909 of the Pension Benefits Act (PBA), according to Hicks Morley's FTR Now publication.
Converting large public sector DB plans to DC arrangements is not a financial panacea; instead, it would create higher costs, inefficiencies and increased risks for…
It’s critical for individuals to have an idea of how much retirement income will be generated by their current savings strategy, says Janice Holman, a…
Minister of State (Finance) Kevin Sorenson announced that five insurance companies that have federal pooled registered pension plan licences have been registered with the Office…
Employers agree that retention and attraction of quality employees is one of their biggest goals in the HR department. Popular belief tells us that a…
National Bank has obtained approval to offer voluntary retirement savings plans to all employers, employees, individuals and professional associations in Quebec.
Ontario small business owners are feeling vulnerable to the introduction of the Ontario Retirement Pension Plan.
If you’re having trouble getting your plan members to understand and appreciate their pension benefits, ask yourself this: Do you celebrate your pension plan? Do…
The solvency position of Canadian pension plans dipped in the third quarter of 2014, according to Mercer.
Bristol-Myers Squibb will settle US$1.4 billion in pension obligations through the purchase of a group annuity contract from The Prudential Insurance Company of America.
Lower long-term interest rates drove down the solvency of Canadian DB plans from July to September. It was the first decline in two years.
With more Canadians expected to retire overseas, pension plan administrators need to be prepared
Every year, Benefits Canada, with the support of sponsors, conducts a CAP Member Survey to gauge the views and attitudes of plan members toward their…
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…
In its 2024 budget on Tuesday, the federal government announced a new working group dedicated to encouraging increased domestic investments by Canadian institutional investors. Former…
Simply put, a glide path is a calculation designed to support an employee’s desired retirement timeline through investments in a target-date fund. When an employee…
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…
In its 2024-25 annual plan, the Financial Services Regulatory Authority of Ontario is focusing on assessing and mitigating systemic and high-priority risks in the province’s…
A renewed call for increased domestic investments by Canadian pension plans isn’t surprising amid an ongoing discussion around the role of investment organizations in supporting the…
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…
The Ontario Pension Board is working closely with employers to receive updated salary information from public sector workers that may have been impacted by the…
The University Pension Plan is launching a new web portal to prioritize plan member engagement throughout the year. “Transparency is an important value to our…
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…