Budget shines spotlight on retirement
The federal budget contains a number of measures relating to public pensions, public sector pensions and private retirement saving.
- By: James Pierlot
- March 29, 2012 September 13, 2019
- 15:30
The federal budget contains a number of measures relating to public pensions, public sector pensions and private retirement saving.
Ontario’s minority government released its budget for the 2012-2013 fiscal year yesterday. The budget announces a number of measures that are expected to have a…
Public sector pensions are one of the factors Ontario is eyeing as it attempts to tackle a $15.3-billion deficit that’s left the province’s credit rating…
In the provincial budget tabled yesterday, the Ontario government stated that it has several concerns with the federal model of pooled registered pension plans (PRPPs)…
Canadians are staying in the workforce longer, but whether that’s a good or bad thing depends on whom you ask.
Canadian pension plan sponsors are caught in a difficult balancing act in which they must manage regulation compliance while also mitigating costs and offering a…
In 2007, Teck Resources Ltd. undertook an extensive communication campaign to determine what its employees needed when it came to better understanding and participating in…
U.K. plan sponsors have been on the de-risking journey for many years, with the majority of U.K. DB plans having now completed, or at least…
A passion for using Excel files to model financial trends led Toronto-based Malcolm Hamilton to the uncomfortable realization, in the mid-1990s, that DB plans were…
In August 2006, President George W. Bush signed the Pension Protection Act (PPA) into law. For Douglas Fisher, senior vice-president of benefit policy development and…
Amassing adequate retirement savings is a challenge for individuals trying to plan for retirement.
Canadian employers are listening to their employees' concerns about achieving retirement income adequacy and are finding new and better ways to encourage retirement savings, according…
Yesterday, the Quebec government tabled its 2012 budget, which included detailed provisions for the voluntary retirement savings plan (VRSP). The VRSP is Quebec’s version of…
More than half (56 per cent) of plan members say email is the most effective way to communicate with them about their savings plans, according…
In its sophomore year under the Employee Savings Survey banner, Benefits Canada’s annual check in with plan members about their financial priorities and the condition of…
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…
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…