Continually, on the HOOPP board we hear that DB pension plans—common in the public sector and unionized private sector workplaces—are gold-plated and not sustainable. Nothing…
In my last article, I alluded to the story of the mythological princess Cassandra. Ontario’s new rules governing target benefit plans (TBPs) remind me of…
The head of the Ordre des CPA du Québec told the province’s Committee on Public Finance can’t continue ignoring the flaws in the current retirement…
Sixty-four percent of Ontarians surveyed are worried they won’t have enough income to live on in retirement. Eighty-two percent of those who have DB plans…
Quebec’s special consultation into the D’Amours report on pension reform has revealed fading support for a number of its key proposals.
OMERS has started an annual audit of its pension database.
Sponsors of DB plans continue to struggle with oversized pension costs, according to Morneau Shepell's annual compensation survey.
Only 18% of working Americans are saving more for retirement now than they were one year ago, according to a new Bankrate.com report.
The main solutions to Quebec’s chronically underfunded pension system are raising the retirement age and introducing a risk-sharing pension model like the one used in…
Nearly all American workers rely on their DC plans for retirement, but many lack the confidence to efficiently manage the savings for their golden years,…
American women save less for retirement through their DC plans and are more likely to default on loans taken out of their retirement savings than…
This summer, the Canadian Institute of Actuaries released new pension mortality tables. The tables revealed longer life expectancies than were previously provided by commonly used…
In the United States, plaintiffs alleging that their DC retirement plans offered by Lockheed Martin Corp. were managed imprudently won a round in a federal…
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…
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…
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.…
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…
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,…
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…
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…