Many pension plan sponsors hear from members that one of their biggest challenges is finding room in their finances to make regular plan contributions. Canadians…
Industry Insight What political/legal developments will be most influential to Canada’s pension and benefits landscape in 2013? Mike Sullivan, president, Cubic Health: “In July 2012,…
The target benefit plan (TBP) is a new pension model gaining both attention and momentum in Canada for its potential to provide plan members with…
What is the leading advice Canadian retirees would offer to working Canadians who expect to retire in their 60s? Start saving now. Results from the…
Jim Keohane, president of the Healthcare Ontario Pension Plan (HOOPP), is credited with reducing the organization’s investment risks, which helped the plan weather the financial…
ith more than $40 billion in assets and 270,000 members and pensioners, the Healthcare of Ontario Pension Plan (HOOPP) saw a return of 12.2% in…
When the federal government introduced legislation to create pooled registered pension plans (PRPPs) in November 2011, it proudly boasted that PRPPs would provide Canadians with…
Pension plans sponsored by S&P 1500 companies finished 2012 with the highest year-end deficit ever. The aggregate deficit for these plans grew to $557 billion…
Sonia Mak, a partner with Borden Ladner Gervais, LLP, identifies key considerations for administrators of pension and benefits plans that help to evaluate potential outsourcing…
The Healthcare of Ontario Pension Plan (HOOPP) is like the ant in Aesop’s fable “The Ant and the Grasshopper.” While others were enjoying market returns,…
Some employers are opting to automatically enroll employees in workplace retirement plans and to increase contribution rates in the same way. If only strong member…
Recent polls suggest that Canadians aren’t using two potentially valuable retirement savings vehicles to their full potential.
As part of ongoing pension reform initiatives, pension legislation in various Canadian jurisdictions is being amended to accommodate a new pension plan design feature, commonly…
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…