In the closing paragraph of my last column, I stated that few pension custodians currently provide adequate recordkeeping for GST/HST purposes and made the promise…
The Government of Newfoundland and Labrador says retirees that belong to the Public Service Pension Plan and Teachers’ Pension Plan will not be affected as…
Public sector retirees in New Brunswick are meeting this week and next to discuss the province’s decision to implement a shared-risk pension plan.
The Canadian Union of Public Employees says the analysis used in a recent Fraser Institute report about provincial public sector DB plans is flawed.
The Government of Alberta has proposed a number of changes to public sector pensions such as no benefit improvements until 2021 and a reduction in…
American DC plan sponsors have good intentions but often fail to act on them. A new report reveals a clear gap between the intent of…
The DB pension plans received by most Canadian employees in the public sector are draining the finances of provincial governments and taxpayers, so these plans…
Amid low interest rates and a slow economic recovery, the income of capital accumulation plan members in Canada has declined significantly over the past few…
At a time when more employers are finding it difficult to fund DB plans and many workers lack the financial acumen to successfully direct their…
Canada is seeing a striking discrepancy in pension benefits between public and private employees, a trend that threatens to create two classes of retirees, a…
Canada’s workplace DC pension plans continue to struggle. Higher employer contributions can offset that trend, but they’re generally not taking place, leaving the onus on…
OMERS is studying the draft report by the Canadian Institute of Actuaries indicating that Canadians are living longer.
Statistics Canada finds that the market value of Canadian employer-sponsored pension funds totaled $1.2 trillion at the end of the first quarter, up 3.9% from…
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…