Federal public sector pension indexation rate set at 4.8% for 2024
The pension indexation rate for federal public sector pensions will be 4.8 per cent in 2024, according to the National Association of Federal Retirees. The…
Latest news in Retirement
Survey finds just 14% of near-retirees say they can retire with confidence
Just 14 per cent of near-retirees say they can retire with confidence and only five per cent say they’ve sought financial advice from their employer, according…
- By: Staff
- November 29, 2023 November 28, 2023
- 09:00
Alberta premier quiet on reason for abandoning promised in-person CPP exit consults
Alberta Premier Danielle Smith won’t say what happened to her government’s promise to hold face-to-face meetings with citizens in December on quitting the Canada Pension…
- By: Dean Bennett, the Canadian Press
- November 27, 2023 November 27, 2023
- 09:00
Real return bonds support pension risk management, provide liability data: ACPM
The Association of Canadian Pension Management is urging the federal government to reverse its position on the cessation of real return bonds and open a…
- By: Staff
- November 23, 2023 November 22, 2023
- 09:00
2023 Future of Work Summit: What do millennial plan members want from their employers?
When Desjardins Insurance launched a study to redefine employee health and well-being, an unexpected finding came through loud and clear: Canadian employers and insurers should…
- By: Kelsey Rolfe
- November 23, 2023 November 22, 2023
- 07:58
Average U.S. 401(k) balance down slightly in Q3 2023, up over long term: report
The average U.S. 401(k) balance decreased to $107,700 in the third quarter of 2023, down four per cent from Q2, but up by 11 per…
- By: Staff
- November 21, 2023 November 20, 2023
- 09:00
65% of U.S. employees cite flexible work as top compensation component: survey
Two-thirds (65 per cent) of U.S. employees rank flexible work options as the No. 1 component of compensation beyond salary, down from 71 per cent…
- By: Staff
- November 20, 2023 November 20, 2023
- 15:00
2023 Healthy Outcomes Conference: Supporting employees’ financial well-being amid rising inflation, interest rates
As Canadians face the dual effects of the rapidly rising cost of living and interest rates, the resulting financial stress has major implications for plan…
- By: Kelsey Rolfe
- November 20, 2023 November 15, 2023
- 07:54
ACPM reiterating support for automatic features in Ontario retirement savings plans
The Association of Canadian Pension Management is reiterating its support for fully enabling automatic features in retirement savings plans, including defined contribution pensions, group registered…
- By: Staff
- November 17, 2023 November 16, 2023
- 09:00
Hydro Ottawa providing financial resources on rising cost of living, retirement
Hydro Ottawa Ltd. is marking Financial Literacy Month by promoting tools and resources for employees grappling with the rising cost of living, says Donna Burnett…
- By: Blake Wolfe
- November 17, 2023 November 16, 2023
- 09:00
Head to head: Is there an ideal income replacement ratio at retirement?
While one expert says replacement rates vary with income and age, another argues the longstanding 70 per cent benchmark doesn’t actually work. Bonnie-Jeanne MacDonald, director…
- By: Benefits Canada
- November 17, 2023 November 16, 2023
- 08:59
Back to basics on decumulation
While the term decumulation may sound very technical and often leads to confusion among pension plan members, it’s actually quite simple — effectively, it’s the…
- By: Jennifer Paterson
- November 17, 2023 November 16, 2023
- 08:52
Third of DC plan sponsors don’t expect employees to use financial wellness programs: survey
About a third (32 per cent) of defined contribution pension plan sponsors that currently don’t use a financial wellness program say it’s because they don’t expect…
- By: Staff
- November 16, 2023 November 15, 2023
- 09:00
CPPIB CEO pitches Calgary business crowd on benefits of staying in CPP
As Alberta considers exiting the Canada Pension Plan, the head of the Canada Pension Plan Investment Board visited Calgary on Tuesday to warn against losing…
- By: Amanda Stephenson, the Canadian Press
- November 15, 2023 November 15, 2023
- 15:00
How group life insurance can support employee financial, mental wellness
A group life insurance policy can support employee financial and mental wellness as they pay off debt, mortgages and other liabilities, says Kevin Dorse, assistant…
- By: Sadie Janes
- November 14, 2023 November 13, 2023
- 09:00
Stellantis, Unifor agreement includes transition to CAAT DBplus pension plan
The union representing 8,200 Stellantis employees has ratified a three-year collective agreement that includes pension gains. On Jan. 1, 2025, employees hired on or after…
- By: Staff
- November 14, 2023 November 13, 2023
- 09:00
Survey finds just 44% of U.S workers reviewing retirement plan contributions during enrolment period
While a majority (87 per cent) of U.S. employees believe it’s a good idea to review their workplace retirement savings plan during their company’s open…
- By: Staff
- November 13, 2023 November 13, 2023
- 09:00
57% of U.S. women say they don’t make enough to save for retirement: survey
More than half (57 per cent) of U.S. women say they don’t earn enough to save for retirement and 26 per cent say they agree…
- By: Staff
- November 10, 2023 November 10, 2023
- 09:00
Top 5 HR, benefits, pension and investment stories of the week
An article on Fidelity Canada’s win in the Future of work strategy category at Benefits Canada‘s 2023 Workplace Benefits Awards was the most-read story on BenefitsCanada.com over the…
- By: Staff
- November 10, 2023 November 9, 2023
- 09:00
Survey finds 76% of U.S. employees concerned about ability to save for retirement
While more than three-quarters (79 per cent) of U.S. employees say they’re satisfied with their employer-sponsored pension plan, 76 per cent say they’re concerned about…
- By: Staff
- November 8, 2023 November 8, 2023
- 15:00
CPP maximum pensionable earnings increasing to $68,500 in 2024
The maximum pensionable earnings under the Canada Pension Plan is increasing to $68,500 in 2024, up from $66,600 in 2023. The employee and employer contribution…
- By: Staff
- November 8, 2023 November 8, 2023
- 09:00
Alberta would need to negotiate international agreements if it quits CPP: Freeland
Federal Finance Minister Chrystia Freeland says if Alberta were to quit the Canada Pension Plan it would require a “complex and multi-year process” of negotiating…
- By: Stephanie Taylor and Nojoud Al Mallees, the Canadian Press
- November 6, 2023 November 6, 2023
- 09:00
Coverage of the 2023 DC Investment Conference
Since the onset of the coronavirus pandemic three years ago, the global economy has faced a bumpy ride, led by the lingering public health crisis,…
- By: Benefits Canada
- November 6, 2023 November 1, 2023
- 08:00
2023 DC Investment Forum: Silver linings for retirement savings, investment trends and younger generations
Defined contribution pension plan members are currently in a different place, especially the younger generations, who are likely feeling as though their financial priorities don’t…
- By: Jennifer Paterson
- November 6, 2023 November 2, 2023
- 07:59
2023 DC Investment Forum: How longevity risk pooling can help DC plan members meet their retirement income needs
Larry, a hypothetical defined contribution plan member, is facing a difficult calculus as he prepares to retire. Between his personal and DC plan savings, he’s…
- By: Kelsey Rolfe
- November 6, 2023 November 1, 2023
- 07:55