Although fewer companies are offering DB pension plans, U.K. employers paid record amounts to these plans last year, according to an analysis by Towers Watson…
The collective bargaining environment in recent years has been heavily influenced by employers’ desires to constrain labour costs, improve productivity and better manage their financial…
Ottawa is urging the provinces to move forward on pooled registered pension plans (PRPPs), noting in this year’s federal budget that the federal PRPP regulatory…
Saskatchewan Finance Minister Ken Krawetz announced yesterday in his budget address that his government intends to introduce pooled registered pension plan (PRPP) legislation in 2013.
Bailouts are complicated things when it comes to sovereign nations, as the continuing woes of Greece, Ireland, Spain and Portugal illustrate. For all the infusion…
Workers appear to have little faith that the economic recovery and the stock market’s climb have left them better prepared for retirement. Confidence in the…
The Healthcare of Ontario Pension Plan (HOOPP) posted returns of 17.1% in 2012, boosting the pension plan for the province’s healthcare workers to a record…
The 2008 economic crisis and its lasting aftermath have significantly influenced the dynamics of collective bargaining in both the public and private sectors in Canada.…
This is Part 2 of our 7th annual survey of CAP members four-part series. Read Part 1, Part 3 and Part 4. The notion of retirement…
This is Part 1 of our 7th annual survey of CAP members. Read Part 2, Part 3 and Part 4. Retirement is often portrayed as a time…
Retirement plan sponsors may be disheartened to learn—once again—that members haven’t upped their usage of the various communication tools and services available.
Shared-risk plans are gaining traction in Eastern Canada with the City of Fredericton, the latest employer to move to this pension arrangement. This move was…
When the B.C. legislature adjourned on March 14, the Pooled Registered Pension Plans Act, which was awaiting second reading, got a death sentence.
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…