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Ontario proposes amendments to PBA

Ontario proposes amendments to PBA

The Government of Ontario introduced legislation on Wednesday to make amendments to the Pension Benefits Act in response to the Carrigan v. Carrigan Estate case.

  • By: Staff
  • December 16, 2013 September 13, 2019
  • 11:29

Market value of pension funds flat

Statistics Canada says the market value of Canadian employer-sponsored pension funds totalled $1.2 trillion at the end of the second quarter, virtually unchanged from the…

  • By: Staff
  • December 12, 2013 September 13, 2019
  • 09:55
Low returns expected to hurt pensions, retirees

Low returns expected to hurt pensions, retirees

Low investment returns loom in the decades ahead. That means bad news for pension plan managers and those saving for retirement, according to a C.D.…

  • By: Staff
  • December 11, 2013 September 13, 2019
  • 16:50
CPP expansion not the best way to save for retirement: Poll

CPP expansion not the best way to save for retirement: Poll

As federal and provincial finance ministers prepare to discuss proposals for increasing mandatory Canada/Quebec Pension Plan premiums this weekend, a poll finds that a vast…

  • By: Staff
  • December 11, 2013 September 13, 2019
  • 16:30
Canada Post to receive pension funding relief

Canada Post to receive pension funding relief

The federal government intends to introduce regulations providing Canada Post with four-year relief from the requirement to make special payments to the pension plan, as…

  • By: Staff
  • December 11, 2013 September 13, 2019
  • 15:09
Great-West Life launches interactive savings site

Great-West Life launches interactive savings site

Great-West Life has launched smartPATH 2.0, an interactive online resource designed to help employers better engage their employees in retirement education, planning and saving.

  • December 11, 2013 September 13, 2019
  • 12:03

Guidance on governance options for target benefit plans

As the interest in target benefit plans grows, a new guide by Aon Hewitt says Canada’s pension industry needs to examine the range of choices…

  • December 11, 2013 September 13, 2019
  • 10:03
Auditor general calls OPG’s pensions “generous”

Auditor general calls OPG’s pensions “generous”

The pension plan at Ontario Power Generation is generous by any standard, according to the 2013 annual report by the province's auditor general.

  • By: Staff
  • December 10, 2013 September 13, 2019
  • 16:10
DB, DC need similar qualities

DB, DC need similar qualities

DB and DC plans should be more similar, according to Jim Leech, Ontario Teachers’ Pension Plan president and CEO.

Conservatives vote against NDP motion to expand CPP

Conservatives vote against NDP motion to expand CPP

The Conservatives voted down a motion by the National Democratic Party to expand the Canada Pension Plan in the House of Commons on Monday.

  • By: Staff
  • December 10, 2013 September 13, 2019
  • 10:28
Leech appointed as special advisor

Leech appointed as special advisor

Ontario Minister of Finance Charles Sousa has asked Jim Leech, the outgoing head of the Ontario Teachers' Pension Plan, to recommend ways to make electricity…

  • By: Staff
  • December 10, 2013 September 13, 2019
  • 10:01
Pension assets grew in 2012

Pension assets grew in 2012

Statistics Canada reports that pension wealth advanced to nearly $2.6 trillion by the end of last year, an increase of 9.1% from 2011.

  • By: Staff
  • December 10, 2013 September 13, 2019
  • 10:00
How to win members and influence behaviour

How to win members and influence behaviour

Dale Carnegie’s 1936 classic, How to Win Friends and Influence People, might have been written directly for DC plan sponsors. While plan sponsors can’t force…

Chipotle expanding benefits offering to focus on career development, student debt

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…

Top 5 HR, benefits, pension and investment stories of the week

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…

  • By: Staff
  • April 19, 2024 April 18, 2024
  • 09:00

Feds seeking to boost domestic investments by Canadian institutional investors: budget

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…

  • By: Staff
  • April 17, 2024 April 16, 2024
  • 09:00

Top 5 HR, benefits, pensions and investment stories of the week

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.…

  • By: Staff
  • April 26, 2024 April 25, 2024
  • 09:00

Ontario court sides with IBM in pension benefits rectification case

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…

FSRA focusing on target-benefit framework for MEPPs, sustainability of PBGF in 2024-25 annual plan

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…

  • By: Staff
  • April 17, 2024 April 16, 2024
  • 09:00

Just a third of U.K pension plan members feel they’ve saved enough to retire: survey

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,…

  • By: Staff
  • April 26, 2024 April 25, 2024
  • 09:00

Clear, flexible regulations needed for target-benefit plans: report

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…

  • By: Staff
  • March 19, 2024 March 18, 2024
  • 09:00

OPB working with employers to receive salary information of employees impacted by Bill 124

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…

  • By: Staff
  • March 12, 2024 March 13, 2024
  • 15:00

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…

Desjardins using budget workshops, interactive game to support employee financial wellness

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…

  • By: Sadie Janes
  • November 24, 2023 November 23, 2023
  • 09:00

2023 Healthy Outcomes Conference: A closer look at the mental, physical, financial risk factors facing plan members

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…