Pensions Retirement

Latest news in Retirement

Top 5 HR, benefits, pension and investment stories of the week

An article on the impact of U.S. President-elect Donald Trump’s tariff threats and Prime Minister Justin Trudeau’s resignation on financial markets was the most-read story…

Impacts of AI, upskilling, flexible work among employers’ HR priorities for 2025: expert

The impacts of artificial intelligence, upskilling and flexible work are among employers’ and employees’ main human resources considerations for 2025, says Candy Ho, a professor…

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France’s new PM says he’ll renegotiate contested plan to raise retirement age

France’s new Prime Minister François Bayrou announced this week the renegotiation of a contested plan raising the retirement age from 62 to 64, in a…

Verizon’s US$5.9BN pension risk transfer faces lawsuit alleging breach of fiduciary duties

Verizon Communications Inc. is facing a lawsuit by retirees alleging the organization breached its fiduciary duties and engaged in prohibited transactions when it completed a…

  • By: Staff
  • January 16, 2025 January 16, 2025
  • 09:00
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U.S. DB pension payouts generating US$1.5 trillion in economic output: report

In 2022, U.S. retiree spending — driven by private and public sector defined benefit pension payouts — generated US$1.5 trillion in total economic output and…

  • By: Staff
  • January 14, 2025 January 13, 2025
  • 15:00
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CPPLC prioritizing employee financial literacy, retirement readiness in 2025

Promoting employee financial awareness and retirement readiness amid the rising cost of living is a priority for the Canadian Public Pension Leadership Council in 2025,…

Victoria University, more Trent University workers joining UPP

Eligible members of the Victoria University General Pension Plan, along with Trent University’s Contributory Pension Plan for Employees represented by OPSEU Local 365 and the…

  • By: Staff
  • January 14, 2025 January 13, 2025
  • 09:00

Financial markets resilient in wake of Trump tariffs threat, Trudeau resignation: expert

While Prime Minister Justin Trudeau’s resignation is fuelling uncertainty among Canadians regarding the direction of the country, financial markets have been surprisingly resilient in reaction…

VPLAs, target-benefit pension legislation among CIA’s 2025 priorities

Variable payment life annuities and the impact of gender identity on actuarial standards are among the issues the Canadian Institute of Actuaries is monitoring in…

Top 5 HR, benefits, pension and investment stories of the week

An article on declining mental health among Canadian workers was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources,…

  • By: Staff
  • January 3, 2025 January 2, 2025
  • 09:00

FSRA monitoring target-benefit framework, pension risks in 2025

The Financial Services Regulatory Authority of Ontario is closely monitoring administrative risk and pension plan sponsors’ geopolitical concerns in 2025, says Andrew Fung, the organization’s…

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Canadian workers’ mental health on the decline, driven by financial anxiety: survey

The mental health of Canadian workers has dropped below levels last seen at the start of the coronavirus pandemic, driven by a steep decline in…

  • By: Staff
  • December 23, 2024 December 19, 2024
  • 09:00
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Top 5 HR, benefits, pension and investment stories of the week

An article on the federal government’s decision to transfer a $1.9 billion public pension surplus to general revenue was the most-read story on BenefitsCanada.com this…

  • By: Staff
  • December 20, 2024 December 19, 2024
  • 09:00

Expert panel: Building a more effective pension system for Canada’s private sector workers

According to Statistics Canada, 80 per cent of Canadian public sector workers benefit from a respectable, life-long pension. However, for many private sector employees the…

34% of gen Z Canadians relying on inheritance to meet retirement goals: survey

While a third (34 per cent) of Canadians aged 18 to 34 say an inheritance from their parents is crucial to meeting their retirement goals,…

  • By: Staff
  • December 16, 2024 December 13, 2024
  • 15:00
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HOOPP opening to Ontario physicians in 2025

The Healthcare of Ontario Pension Plan is welcoming eligible physicians in Ontario to join its defined benefit pension plan, effective January 2025. This new development…

  • By: Staff
  • December 13, 2024 December 12, 2024
  • 09:00

Editorial: Challenges and opportunities amid an increasingly imbalanced generational divide

The keynote session at Benefits Canada’s 2024 Defined Contribution Investment Forum warned that the failure to plan for the ‘boomer bulge’ is affecting private and…

How Hydro Ottawa’s pre-retiree engagement strategy is supporting financial wellness, retirement readiness

When Hydro Ottawa was preparing for its first wave of retiring baby boomers in 2011, it began working on a strategy to mitigate the subsequent…

  • By: Blake Wolfe
  • December 13, 2024 December 12, 2024
  • 08:57

2024 CAP Suppliers Report: How can employers, pension industry support retirement needs of gig workers?

As gig workers make up a greater share of the Canadian workforce, a lack of retirement savings options may leave this growing demographic facing financial…

  • By: Leah Golob
  • December 13, 2024 December 12, 2024
  • 08:56
FSRA issues final guidance on missing pension plan members

NIA addressing issue of missing pension plan members with new report

The National Institute on Ageing is addressing the issue of missing pension plan members, in a new report highlighting the challenges faced by plan administrators…

  • By: Staff
  • December 6, 2024 December 5, 2024
  • 09:00

Top 5 HR, benefits, pension and investment stories of the week

An article on the impact of Canadian pension income on federal and provincial tax revenues was the most-read story on BenefitsCanada.com this past week. Here…

  • By: Staff
  • December 6, 2024 December 5, 2024
  • 09:00
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OMERS, UPP plan members to receive full inflation protection in 2025

The Ontario Municipal Employees’ Retirement System is reporting inflation adjustment of 2.61 per cent, providing plan members with full inflation protection in 2025. The adjustment…

  • By: Staff
  • December 5, 2024 December 6, 2024
  • 15:00

Global pension plan sponsors’ assets reach US$63.1 trillion in 2023, offset by decrease in equities: report

While global pension plan sponsors’ assets grew by 10 per cent to reach US$63.1 trillion in 2023, this value is still five per cent lower…

  • By: Staff
  • December 4, 2024 December 3, 2024
  • 09:00

So long foosball, hello savings: How work perks are evolving amid the rising cost of living

The workplace programs, tools and supports that employees value have changed over the last four years, leading many employers to pause certain office perks, such…

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Canadian pension income adding $24.5BN to federal coffers in 2025: report

Workplace pension income will add $24.5 billion to federal coffers and $16.8 billion to the provinces in 2025, according to a new report by the…

  • By: Staff
  • November 29, 2024 November 28, 2024
  • 09:00