Given the increased scrutiny around pension plan arrangements, plan sponsors today are spending more time monitoring and discussing plan design, contribution levels, risk appetite and…
Governments around the globe will need to gradually increase their retirement ages in order to keep their pension systems sustainable, according to a new report…
There's no question longevity risk has become increasingly front of mind for pension plans. But it looks like our neighbours across the pond may have…
According to BNY Mellon’s most recent pension summary report, the funded status of the typical U.S. corporate pension plan fell 6.5 percentage points in May,…
The Financial Services Commission of Ontario (FSCO) has published its first administrative position concerning one of the recent amendments to the Pension Benefits Act of…
Here’s a twist. In a trend completely at odds with the rest of the world, France has made a move to lower its retirement age…
The Financial Services Commission of Ontario (FSCO) has announced changes to the new Pension Benefits Act grow-in rules, providing an opt-out provision for jointly sponsored…
Canada needs to look to target benefit plans if we are to have achieve adequate retirement savings, says the Association of Canadian Pension Management (ACPM)…
It seems the idea of expanding the Canada Pension Plan doesn’t die easily. The NDP hasn’t let it go, nor has the Ontario government who,…
British Columbia's pension reform is another step closer to reality. The province's bill 38, the Pension Benefits Standards Act (PBSA), was introduced on April 30,…
Reforms being considered to the Canada Pension Plan (CPP)—which would impose higher penalties for opting to begin collecting CPP before age 65 and greater rewards…
Ford Motor Co. will begin to offer lump-sum pension payout offers to 98,000 retirees and former employees starting as early as August, according to a…
A bill has been introduced into New Brunswick’s provincial legislature today aimed at repealing the City of Saint John Pension Act, reports Cbc.ca.
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…