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DC plan members nearing retirement need employers’ help to achieve financial security: report

Defined contribution pension plan members nearing retirement may need their employers’ help to achieve financial security during an era of low interest rates and increased…

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ACPM calling on feds, CAP sponsors to increase focus on decumulation

The Association of Canadian Pension Management is calling on the federal government and capital accumulation plan sponsors to support members’ financial wellness by focusing on…

  • By: Staff
  • November 30, 2022 November 30, 2022
  • 15:00
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Saskatchewan amending pension legislation to include more decumulation options, solvency reserve funds

The Saskatchewan government is introducing amendments to its pension legislation that provide additional flexibility for plan sponsors and introduce new decumulation options for members of…

  • By: Staff
  • November 28, 2022 November 28, 2022
  • 15:00

Pension super-priority bill passes in House of Commons

A bill intended to provide defined benefit pension plan members with super-priority in the event of a plan sponsor’s insolvency passed in the House of…

Report finds gender, race gaps persist in U.S. workplace retirement plan participation

Two-fifths (40 per cent) of all U.S. private sector employees don’t have an employer-sponsored retirement plan and non-white workers have the least access to these…

  • By: Staff
  • November 25, 2022 November 24, 2022
  • 09:00
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Top 5 HR, benefits, pension and investment stories of the week

An article on the FIRE — financial independence and retiring early — concept was the most-read story on BenefitsCanada.com over the last week. Here are the five…

  • By: Staff
  • November 25, 2022 November 24, 2022
  • 09:00

41% of U.S. women expect to retire at age 70, older or not at all: survey

Two-fifths (41 per cent) of U.S. women say they expect to retire at age 70 or older or don’t plan to retire at all, according…

  • By: Staff
  • November 24, 2022 November 23, 2022
  • 09:00
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Employer’s prior conduct prohibits pension plan amendments, despite collective agreement terms: Ontario court

A recent Ontario Divisional Court ruling serves as a caution that employers’ prior conduct may prohibit them from amending pension plans even when the collective…

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Expert panel: Can pension administrators deny benefits to plan members who don’t submit proof-of-life forms?

In August, the Canadian Broadcasting Corp. reported that the U.K. Department for Works and Pensions cut off state pension payments to several expatriate pensioners living…

  • By: Mary Picard
  • November 22, 2022 November 22, 2022
  • 09:00
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Majority of millennials aren’t saving enough for retirement: survey

More than two-thirds (70 per cent) of millennials say they aren’t saving enough for retirement, while 27 per cent aren’t able to save any money,…

  • By: Staff
  • November 18, 2022 November 17, 2022
  • 15:00
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Survey finds retirement savings plans key to employee retention

Six in 10 (60 per cent) U.S. employees say they’re more likely to stay at their current job if their employer offers a retirement savings…

  • By: Staff
  • November 18, 2022 November 18, 2022
  • 09:01

Is the concept of financial independence and early retirement truly feasible?

The FIRE concept — financial independence and retiring early — is gaining traction among younger workers, but as appealing as early retirement may be, it isn’t…

  • By: Sadie Janes
  • November 18, 2022 November 18, 2022
  • 09:01
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Top 5 HR, benefits, pension and investment stories of the week

An article on the Canadian Federation of Pensioners’ response to proposed legislative and policy updates for Alberta’s private sector pension regulations was the most-read story…

  • By: Staff
  • November 18, 2022 November 18, 2022
  • 09:01

Head to head: Should the design of portable benefits plans consider the role of employers?

As Ontario eyes a new system of portable benefits for precarious workers, one expert says these benefits can be an important attraction and retention tool…

A look at the landscape for automatic features in Canadian pension plans

Matching employer contributions in capital accumulation plans are as close to free money as employees can legally get. “You’re not changing your risk — because…

OPTrust promoting financial literacy with enhanced communications, DB pension education program

The OPSEU Pension Trust is supporting employees’ and plan members’ financial literacy with its defined benefit pension education program and extensive member communications. “We run…

  • By: Sadie Janes
  • November 17, 2022 November 15, 2022
  • 09:00

Survey finds Canadian employees delaying retirement due to rising cost of living

Nearly two-thirds (62 per cent) of Canadian pre-retirees say the rising cost of living is preventing them from retiring when they’d like to, up from…

  • By: Staff
  • November 17, 2022 November 16, 2022
  • 09:00

U.S. workers more likely to stay with employer offering financial wellness benefits: survey

More than two-thirds (68 per cent) of U.S. employees say they’re more likely to stay longer at their current job if their employer offers financial…

  • By: Staff
  • November 16, 2022 November 17, 2022
  • 15:00

CFP urging Alberta government to reconsider transfer of pension risk to plan members

The Canadian Federation of Pensioners is taking issue with some of the Alberta government’s proposed legislative and policy updates for private sector pension laws, including…

  • By: Staff
  • November 16, 2022 November 16, 2022
  • 09:00
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Expert panel: How employers can support employee wellness ahead of a looming recession

Every day, it seems the news includes a story or two about the economy and whether or not a recession is coming. At the same…

  • By: Kim Siddall
  • November 16, 2022 November 15, 2022
  • 09:00

Report finds CAP member outcomes rising due to high annuity rates

Capital accumulation plan member outcomes saw modest increases in the third quarter, due to high annuity rates that shielded members from modest investment market declines,…

  • By: Staff
  • November 15, 2022 November 15, 2022
  • 09:00
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Top 5 HR, benefits, pension and investment stories of the week

An article on the strike by Ontario education workers was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news…

  • By: Staff
  • November 11, 2022 November 11, 2022
  • 09:00

Canadian women retiring with 78% of male counterparts’ wealth: report

Canadian women are retiring with 78 per cent of the wealth accumulated by Canadian men, slightly better than the global average of 74 per cent,…

  • By: Staff
  • November 11, 2022 November 10, 2022
  • 09:00
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Majority of U.S. employers increasing wages, enhancing benefits for 2023: survey

More than two-thirds (68 per cent) of U.S. employers say they’re increasing salaries and enhancing employee benefits in 2023 amid a tough labour market, according…

  • By: Staff
  • November 9, 2022 November 8, 2022
  • 09:00

U.S. retirement plan sponsors calling on record keepers to support members’ financial wellness: survey

While the majority (80 per cent) of U.S. retirement plan sponsors rate their record keeper as excellent or very good, they’re also seeking more support…

  • By: Staff
  • November 7, 2022 November 8, 2022
  • 15:00