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CPPLC appointing Cheldon Angus as co-chair

The Canadian Public Pension Leadership Council is appointing Cheldon Angus, chief people and technology officer at the Saskatchewan Healthcare Employees’ Pension Plan (SHEPP), as council…

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Canadians with rent, mortgage payments delaying retirement savings amid rising cost of living: survey

Canadian employees who rent or who have mortgage payments are managing economic pressures — like high interest rates and the rising cost of living — by…

  • By: Staff
  • March 15, 2024 March 14, 2024
  • 09:00

Hub International acquiring London, Ont.-based Zavitz Insurance

Hub International Ltd. is acquiring London, Ont.-based Zavitz Insurance & Wealth Inc. Zavitz Insurance provides group employee benefits, living benefits, life insurance services and financial…

  • By: Staff
  • March 13, 2024 March 13, 2024
  • 15:00
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OPB working with employers to receive salary information of employees impacted by Bill 124

The Ontario Pension Board is working closely with employers to receive updated salary information from public sector workers that may have been impacted by the…

  • By: Staff
  • March 12, 2024 March 13, 2024
  • 15:00
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Expert panel: How DC plan members can hedge longevity risk for more effective decumulation

Retiring baby boomers are in an era of decumulation anxiety, as they convert their pension assets into income that they fear won’t hold up over…

55% of Americans worry they won’t have financial security in retirement: survey

More than half (55 per cent) of Americans say they’re worried they won’t achieve financial security in retirement, according to a new survey by the…

  • By: Staff
  • March 1, 2024 February 29, 2024
  • 09:00
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UPP keeping plan members engaged, informed with new web portal

The University Pension Plan is launching a new web portal to prioritize plan member engagement throughout the year. “Transparency is an important value to our…

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

An article on how the Ontario Municipal Employees Retirement System has contributed to the province’s gross domestic product was the most-read story on BenefitsCanada.com this…

  • By: Staff
  • February 23, 2024 February 22, 2024
  • 09:00
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Ford Canada transferring $923 million in pension liabilities via group annuity buyout

Ford of Canada is is transferring the longevity risk for $923 million in pension plan liabilities through a group annuity buyout. RBC Insurance, Sun Life Assurance…

  • By: Staff
  • February 22, 2024 February 21, 2024
  • 09:00

Survey finds U.S. employees increasingly interested in retirement, savings programs

The vast majority (89 per cent) of U.S. employees say they’d be more likely to continue working for an employer that offered a retirement plan,…

  • By: Staff
  • February 21, 2024 February 21, 2024
  • 15:00
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Black, Hispanic American workers’ contributions to employer-sponsored retirement plans 40% lower than white workers’: study

The average rate of contribution by U.S. Black and Hispanic workers to employer-sponsored retirement plans is roughly 40 per cent lower than that of white…

  • By: Staff
  • February 21, 2024 February 20, 2024
  • 09:00
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Canadians believe they need $1.7 million to retire: survey

While Canadians, on average, believe they need $1.7 million in retirement, this amount varies among different generations of employees, according to a new survey by…

  • By: Staff
  • February 16, 2024 February 16, 2024
  • 15:00
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Fewer than 40% of Black Americans say they’ve saved enough for retirement: survey

Fewer than four in 10 Black Americans say they’ve saved or are saving enough for retirement according to a new survey by LIMRA. The survey,…

  • By: Staff
  • February 16, 2024 February 15, 2024
  • 09:00
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Top 5 HR, benefits, pension and investment stories of the week

An article on the Canada Revenue Agency’s guidance for how employers must determine the province of employment for remote workers was the most-read story on…

  • By: Staff
  • February 16, 2024 February 15, 2024
  • 09:00
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OMERS pension benefits accounted for 9.3% of Ontario retirement income in 2023: report

Retirement benefits paid out by the Ontario Municipal Employees Retirement System accounted for 9.3 per cent of retirement income in Ontario in 2023, according to…

  • By: Blake Wolfe
  • February 15, 2024 February 14, 2024
  • 09:00

FSRA’s Pension Awareness Day helping engage, educate employees on benefits of workplace pension plans

For its second annual Pension Awareness Day on Feb. 15, the Financial Services Regulatory Authority of Ontario is holding information sessions for its employees to…

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Just 35% of working Canadians aged 50+ can afford to retire when they want: survey

Slightly more than a third (35 per cent) of working Canadians aged 50 and older say they can afford to retire when they want, according…

  • By: Staff
  • February 9, 2024 February 8, 2024
  • 09:00
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Quebec’s amendment to unlocking rule for VBAs, LIFs providing retirees 55+ with financial flexibility: expert

The Quebec government’s removal of the maximum annual amount that can be paid to people aged 55 and older with a variable benefit account tied…

What are the issues for savings when mental health becomes a burden in retirement?

Since decreased cognition can impact retirees’ ability to make sound decisions, the Canadian Union of Public Employees urges its members to discuss financial matters with…

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36% of employers changing initial 2024 salary budgets: survey

Among the 36 per cent of Canadian employers that say they’ve made changes to their initial 2024 salary budgets, more than half (56 per cent)…

  • By: Staff
  • February 7, 2024 February 6, 2024
  • 15:00
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N.B. transferring 5 public DB pension plans to shared-risk model

Legislation that mandates the transfer of five New Brunswick public sector defined benefit pension plans to a shared-risk model goes into effect today. The Pension…

Alberta’s public-sector pension plans reassuring members amid worry over ministerial order

Just 22% of Albertans support CPP withdrawal, creation of provincial pension plan: survey

Just a fifth (22 per cent) of Albertans say they support the province’s plan to leave the Canada Pension Plan in favour of a provincial…

  • By: Staff
  • January 30, 2024 January 29, 2024
  • 09:00

Just 69% of Canadians confident in their retirement prospects: survey

While the vast majority (91 per cent) of Canadian workers say they’re saving for retirement, just 69 per cent are confident they’re saving enough, according…

  • By: Staff
  • January 29, 2024 January 26, 2024
  • 09:00

Climate change, pension super-priority law among CIA’s priorities for 2024

The impacts of climate change and federal super-priority legislation on Canadian pension plans are among the issues that the Canadian Institute of Actuaries is monitoring…

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Ontario civil servants noting flaws in Alberta’s CPP portion calculations: report

Ontario civil servants are questioning the methodology used in a report that determined how much money Alberta could extract from the Canada Pension Plan if…

  • By: Staff
  • January 25, 2024 January 24, 2024
  • 09:00