Home Pensions Page 295

Top Stories in Pensions

How the Canadian Wheat Board de-risked its DB plan in a unique transaction

How the Canadian Wheat Board de-risked its DB plan in a unique transaction

It was, literally, a big deal when the Canadian Wheat Board (CWB) off-loaded the risk of its underfunded DB pension plan to Sun Life Financial…

Inspiration: Jim Leech

Inspiration: Jim Leech

Shortly after the Ontario Teachers’ Pension Plan (Teachers’) sold its majority stake in Maple Leaf Sports and Entertainment (MLSE) to Rogers—owner of Benefits Canada—and BCE,…

CAP suppliers report: Behind the eight ball

CAP suppliers report: Behind the eight ball

Over the last few years, a lot of time has been spent enticing employees to become more engaged in retirement planning. While engagement is still…

CPP expansion debate heats up

CPP expansion debate heats up

The debate about whether to increase the size of the Canada Pension Plan (CPP) benefits through higher contributions is heating up as the country awaits…

Are target benefit plans the solution?

Target benefit plans may be the answer to many problems facing pension plan design, according to a white paper.

  • By: Staff
  • November 29, 2013 September 13, 2019
  • 08:46
Illinois near deal to fix US$100-billion pension deficit

Illinois near deal to fix US$100-billion pension deficit

Lawmakers in Illinois say they have reached a tentative agreement to fix the state's US$100-billion ($105.8-billion) unfunded pension liability.

  • By: Staff
  • November 28, 2013 September 13, 2019
  • 15:37
Peugeot CEO gives up €21-million pension

Peugeot CEO gives up €21-million pension

The outgoing CEO of PSA Peugeot Citroën will give up the €21-million ($30.2-million) pension he’s entitled to after union and government leaders criticized the benefit…

  • By: Staff
  • November 28, 2013 September 13, 2019
  • 08:50
Pension de-risking: Behind the buzz

Pension de-risking: Behind the buzz

With the end of 2013 in sight, I can safely say “de-risking” is this year’s hottest pension buzzword. What, though, do I mean by de-risking,…

  • By: Mark Firman
  • November 27, 2013 September 13, 2019
  • 09:08
Due diligence required before ending pension payments: OSFI

Due diligence required before ending pension payments: OSFI

Before stopping a payment of pension benefits to a retiree or survivor, the Office of the Superintendent of Financial Institutions says plan administrators are expected…

  • By: Staff
  • November 26, 2013 September 13, 2019
  • 16:23
Slight majority in favour of expanded CPP

Slight majority in favour of expanded CPP

A majority of Canadians are in favour of expanding the Canada Pension Plan, according to a poll.

  • By: Staff
  • November 26, 2013 September 13, 2019
  • 08:45
OMERS pensions to increase 0.9% in 2014

OMERS pensions to increase 0.9% in 2014

OMERS has announced that pensions will increase by 0.9% as of Jan. 1, 2014.

  • By: Staff
  • November 25, 2013 September 13, 2019
  • 10:11
Low rates just one problem pensions facing: Study

Low rates just one problem pensions facing: Study

Economic growth, improved business investment and increased employment are all vital factors if Canada's pension plans are to remain viable, according to a study.

  • By: Staff
  • November 25, 2013 September 13, 2019
  • 09:25
Canadian DB plan sponsors lag behind on risk management

Canadian DB plan sponsors lag behind on risk management

While they’re increasingly interested in managing risk, DB plan sponsors in Canada still aren’t far along the de-risking continuum, experts explained in a recent Association…

More than £50 billion in U.K. pension benefits at risk of being lost, misplaced: study

More than £50 billion in U.K. pension benefits were at risk of being misplaced in abandoned accounts or scattered across multiple lost pots in 2023,…

  • By: Staff
  • March 25, 2024 March 25, 2024
  • 15:00

Employees of Canadian energy companies joining CAAT’s DBplus pension plan

Employees of Candu Energy Inc., Canadian Nuclear Laboratories and Global First Power are joining the Colleges of Applied Arts and Technology’s DBplus pension plan. Unionized…

  • By: Staff
  • March 21, 2024 March 21, 2024
  • 15:00

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

Ontario continues work on infrastructure bank, target-benefit pension plan framework

In its 2024 budget on Tuesday, the Ontario government reiterated its support for a provincial infrastructure bank to leverage public sector pension investments. The bank,…

  • By: Staff
  • March 27, 2024 March 27, 2024
  • 15:00

Group annuity market growing as DB pension plans move to de-risk

Ford of Canada’s recent transfer of $923 million in pension liabilities to Desjardins Group, RBC Insurance and Sun Life Assurance Co. of Canada augurs well…

FSRA names Andrew Fung EVP of pensions

The Financial Services Regulatory Authority of Ontario is appointing Andrew Fung as executive vice-president of pensions, effective March 11, 2024. Fung first joined the Financial…

  • By: Staff
  • March 20, 2024 March 20, 2024
  • 15:00

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

UPP keeping plan members engaged, informed with new web portal

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…

OMERS pension benefits accounted for 9.3% of Ontario retirement income in 2023: report

Retirement benefits paid out by the Ontario Municipal Employees Retirement System accounted for 9.3 per cent of retirement income in Ontario in 2023, according to…

  • By: Blake Wolfe
  • February 15, 2024 February 14, 2024
  • 09:00

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…