Workers not saving more for retirement
Only 18% of working Americans are saving more for retirement now than they were one year ago, according to a new Bankrate.com report.
- By: Staff
- August 19, 2013 September 13, 2019
- 14:58
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…
Only a few years ago, it was standard practice for Canadian employers to spread the love around when it came to working with HR consultants.…
With its aging population and growing longevity, Canada needs to overhaul its public and private pension systems in order to secure the future of new…
To address its growing DB pension deficit, the ailing Canada Post needs to gradually contract out more of its services, according to an e-brief by…
A federal court in the United States has turned down an appeal by former executives at General Motors over cuts to their pension.
Fraser Group has created a pension fund expenses survey to provide plan sponsors with various ways to benchmark their expenses.
Two American companies have announced they would sell major media properties over the last few days, yet the fate of the pension liabilities are different.
New figures confirm that life expectancy in Canada has increased—a trend that, in the eyes of experts, poses a threat for the sponsors of both…
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…