Latest news in Retirement

High inflation supercharging decumulation challenges

Finance’s toughest problem just got a whole lot trickier, thanks to the quandary of inflation. Legendary economist William F. Sharpe sealed his place in history…

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Converting private sector pension plans to public sector model would yield lifetime income for retirees: expert

Private sector pension plans could realize higher rates of return and produce lifetime income if they followed a model similar to their public sector counterparts,…

Canadians believe they need $1.7 million in savings to retire: survey

Canadians say they need $1.7 million in savings in order to retire, a 20 per cent increase from 2020, when Canadians estimated they’d need a…

81% of U.S. public sector workers worry about retirement savings: survey

The majority (81 per cent) of U.S. public sector employees worry whether they’ll have enough money to last them through retirement, according to a new…

  • By: Staff
  • February 7, 2023 February 6, 2023
  • 09:00
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Just 25% of employers offering semi-retirement arrangements: survey

Despite an ongoing labour shortage, just a quarter (25 per cent) of Canadian employers offer semi-retirement arrangements, according to a new survey by the Harris…

  • By: Staff
  • February 6, 2023 February 6, 2023
  • 15:00

FSRA promoting retirement planning with Pension Awareness Day

The Financial Services Regulatory Authority of Ontario is promoting retirement planning with its inaugural Pension Awareness Day on Feb. 16. Through the event, the FSRA…

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Survey finds 59% of gen Z workers have yet to start saving for retirement

More than half (59 per cent) of generation Z workers and a third (31 per cent) of millennials say they have yet to start saving…

  • By: Staff
  • February 3, 2023 February 3, 2023
  • 15:00
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42% of U.S. workers say they’re stressed due to financial health: survey

Two-fifths (42 per cent) of U.S. workers say they’re highly stressed due to their financial health, up from 35 per cent in 2022, according to…

  • By: Staff
  • February 3, 2023 February 3, 2023
  • 09:00

City of Whitehorse, Collège nordique francophone joining CAAT DBplus plan

Employees of the City of Whitehorse represented by the Yukon Employees’ Union and N.W.T.-based Collège nordique francophone are joining the Colleges of Applied Arts and…

  • By: Staff
  • January 31, 2023 January 31, 2023
  • 15:00

New pension plan design offers U.S. public workers retirement benefits, regardless of length of service

A new retirement plan design could allow more public employees in the U.S. to accrue retirement benefits regardless of their length of service, according to…

  • By: Staff
  • January 25, 2023 January 25, 2023
  • 09:00
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64% of U.S. employers increasing investments in employee wellness: survey

Nearly two-thirds (64 per cent) of U.S. employers are planning to increase their spend on employee wellness programs, according to a new survey by Wellable.…

  • By: Staff
  • January 25, 2023 January 24, 2023
  • 09:00

33% of U.S. near-retirees already drawing down social security benefits: survey

A third (33 per cent) of Americans nearing retirement say they’re already drawing down their social security benefits, according to a survey by Allspring Global…

  • By: Staff
  • January 23, 2023 January 23, 2023
  • 09:00
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Domtar, Unifor agreements include pension, benefits gains

The union representing 450 employees at Domtar Corp. in Dryden, Ont. has ratified three collective agreements that include benefits and pension gains. The agreements include…

Withdrawal of real return bonds could financially impact DB pension plans: CIA

The Canadian Institute of Actuaries is urging the federal government to reconsider its cessation of real return bond issuances, citing the potential financial impacts to…

Acera Insurance merging with Calgary-based Fairfield Watson

Acera Insurance is merging with Fairfield Watson Inc., a Calgary-based consulting firm specializing in employee benefits, insurance and retirement. The new company will retain the Acera…

  • By: Staff
  • January 18, 2023 January 18, 2023
  • 15:00

2022 IIC coverage: Pension plan sponsors discuss role of communication, education in member engagement, support

In 2021, the Saskatchewan Healthcare Employees’ Pension Plan set out to gauge just how well-versed its 60,000 members were about their defined benefit pension plan.…

62% of U.S. women expect to postpone retirement due to inflation: survey

Nearly two-thirds (62 per cent) of U.S. women say they expect to retire later than originally planned or not at all due to rising inflation,…

  • By: Staff
  • January 13, 2023 January 13, 2023
  • 15:00

New U.S. pension law strengthening retirement savings for workers

A new U.S. law that aims to strengthen retirement support for workers holds valuable lessons for Canada’s retirement system, says one pension consultant. The Secure…

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French government pursues pension reforms despite protests, political opposition

The French government’s plans to reform the national pension system have been met by widespread protest. Elisabeth Borne, France’s prime minister, unveiled plans to raise…

Employers raising concerns over Alberta leaving CPP, but expert says move could yield benefits for workers

While many Alberta employers say they’d be disadvantaged if the province left the Canada Pension Plan, one expert says a provincial pension plan could benefit…

U.S. pension spend generated US$1.3 trillion in economic output in 2020: report

Retiree spending of public and private sector pension benefits generated US$1.3 trillion in total economic output in the U.S. in 2020, supporting nearly 6.8 million…

  • By: Staff
  • January 9, 2023 January 6, 2023
  • 09:00
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Top 5 HR, benefits, pension and investment stories of the week

An article on the the latest investments by Canadian institutional investment organizations was the most-read story on BenefitsCanada.com over the last week. Here are the five…

  • By: Staff
  • January 6, 2023 January 6, 2023
  • 09:00
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Expert panel: DB pension plan sponsors facing challenges, opportunities in 2023

Similar to 2022, the coming year will present both challenges and opportunities for defined benefit pension plan sponsors, with the rewards going to plan sponsors…

My Take: Tackling decumulation today will lead to retirement-ready workers tomorrow

For some Canadians, the term pension may still conjure images of a secure stash of money guaranteed to ensure a comfortable lifestyle in retirement. I…

My Take: Employers can do more to shrink gender pay, pension gaps

Last October, Ontario’s pay equity office reported Canadian women received an average of 18 per cent less retirement income than men in 2020, which is three per…