Changes to St. John’s pension plan, which doesn’t require councillors to contribute, were approved unanimously during a council meeting earlier this week.
Citigroup has sold the group pension fund of Electric and Musical Industries (EMI), a former music company, to the Pension Insurance Corporation, completing the biggest…
Oregon has decided against establishing a retirement savings plan for private sector workers.
Today, most plan sponsors’ contributions to their DB plans are being driven by the results of their pension plans’ solvency valuations.
When planning for retirement, women are more affected by emotions and less involved in decision-making, compared to their male counterparts, according to a study by…
The Ontario government has released draft regulations concerning asset transfers between pension plans in the context of corporate reorganizations, including the sale of a business.
Canada’s seniors now have the option to delay receiving their old age security for up to five years past the age of eligibility.
Many DB plans around the world, including Canada, are in bad shape, according to a study.
The employee and employee sponsors of the Regina Civic Pension and Superannuation Plan have finalized a letter of intent to address the pension deficit.
Employee participation in company DC plans in the United States is at an all-time high, and plan balances have reached pre-recession levels, according to a…
Two reports from the United States show that the funded status of American DB plans improved in the second quarter.
Benefits Canada, Avantages and Rogers Connect Market Research group are proud to announce that the 2012 CAP Member Survey, Improving Adequacy: A Secure Retirement for…
Canada’s DB plans are in a stronger position than they were three months ago, according to two different consultant reports.
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…