Latest news in Retirement

Stellantis, Unifor agreement includes pension and retirement gains

The union representing employees at automobile manufacturing company Stellantis’ assembly plants in Windsor, Ont. and Brampton, Ont. has ratified a three-year collective agreement that includes…

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

An article on Telus Communications Inc.’s win in Benefits Canada‘s 2022 Workplace Benefits Awards was the most-read story on BenefitsCanada.com over the last week. Here are the five most…

  • By: Staff
  • November 4, 2022 November 3, 2022
  • 09:00

Western University marking Financial Literacy Month with webinars, DC pension plan consultations

Western University is marking Financial Literacy Month with a series of webinars and consultations addressing employees’ financial questions. The webinars cover topics such as retirement,…

Copyright_jakkapan_123RF

CPP maximum pensionable earnings increasing to $66,600 in 2023

The maximum pensionable earnings under the Canada Pension Plan for 2023 is increasing to $66,600 from $64,900 in 2022. The new ceiling was calculated according to a CPP legislated…

  • By: Staff
  • November 3, 2022 November 2, 2022
  • 09:00

Employers favouring wage hikes over benefits enhancements amid high inflation: survey

While Canadian employers recognize the value of retirement benefits, the current high inflation environment is driving them to favour wage hikes instead, according to a…

  • By: Staff
  • November 3, 2022 November 1, 2022
  • 09:00

Half of U.S. employees say they’ve stopped or reduced retirement savings amid rising inflation: survey

Around half (54 per cent) of U.S. employees say they’ve stopped or reduced retirement savings due to inflation, according to a new survey by Allianz…

  • By: Staff
  • October 28, 2022 October 28, 2022
  • 15:00
Copyright_aberheide_123RF

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

A pair of articles on Benefits Canada‘s 2022 Workplace Benefits Awards winners were among the most-read stories on BenefitsCanada.com over the last week. Here are the five…

  • By: Staff
  • October 28, 2022 October 28, 2022
  • 09:00

Equitable Bank recognized for comprehensive financial wellness program

Equitable Bank’s comprehensive financial literacy seminars led to a win in the Financial wellness category at Benefits Canada’s 2022 Workplace Benefits Awards on Oct. 18. During the coronavirus…

Copyright_Wisawa Chinnacotra_123RF

Report urges DC pension plan sponsors to focus on decumulation

Capital accumulation plan sponsors need to focus on providing lifetime retirement income for plan members amid the growth of decumulation solutions such as advanced life…

  • By: Staff
  • October 25, 2022 October 25, 2022
  • 15:00

Sounding Board: Shifting from retirement planning to longevity planning

In conversations with pre-retirees, retirees and industry professionals, there’s a growing recognition that retiring is often the easy part — it’s figuring out what they’re…

  • By: Mike Drak
  • October 25, 2022 October 24, 2022
  • 09:00

LifeLabs wins award for holistic, flexible well-being strategy

LifeLabs Inc.’s holistic well-being strategy led to its win in the Coronavirus and benefits category for an employer with more than 1,000 employees at Benefits Canada‘s…

2022 DCIF: Using behavioural finance concepts to improve DC plan participation, contribution rates

Alongside the steady decline of defined benefit pension coverage in Canada, defined contribution plans have seen a massive growth — “a secular shift of responsibility…

Copyright_dmitrydemidovich_123RF

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

An article on the lack of benefits provided by small- and medium-sized employers in Eastern Canada was the most-read story on BenefitsCanada.com over the last…

  • By: Staff
  • October 14, 2022 October 13, 2022
  • 09:00
Copyright_ spirer_123RF

Amendments to insolvency legislation would secure DB pensions, say retiree organizations

Six organizations representing Canadian retirees say proposed amendments to the federal Bankruptcy and Insolvency Act would have a positive impact on defined benefit pension plan…

  • By: Staff
  • October 14, 2022 October 13, 2022
  • 09:00

Head to head: Should employees be saving for retirement or focusing on other financial priorities?

As Canadians face continued economic uncertainty, a recent university graduate and a long-time teacher share their views on balancing different financial priorities. Sul Mahmood, age…

  • By: Leah Golob
  • October 14, 2022 October 14, 2022
  • 08:59

2022 Top 50 DC Plans Report: How are DC pension plans evolving?

While defined contribution pension plans currently outnumber defined benefit pension plans, this wasn’t always the case, recalls Bita Jenab, a principal at RetirementWorks Services Inc.…

45th anniversary column: Major shifts in benefits and their implications for employers

Our industry sometimes gets a bad rap for being overly traditional and slow to change. But there’s no question we’ve seen some major shifts in…

45th anniversary column: How employee benefits have changed in the last 45 years

I was a little daunted to write a piece for Benefits Canada’s 45th anniversary issue — it has been almost 15 years since I last…

  • By: Don Bisch
  • October 14, 2022 November 8, 2022
  • 08:52
Copyright_rmarmion_123RF

Canada’s retirement system remains strong, but DC pension plans facing inflation risks: report

While Canada’s pension system continues to rank well globally, the current economic environment poses particular risks for defined contribution pension plan sponsors and members, according…

  • By: Staff
  • October 13, 2022 October 12, 2022
  • 09:00
Copyright_Vadym Malyshevskyi_123RF

Saskatchewan pharmacy professionals joining CAAT’s DBplus pension

The Saskatchewan College of Pharmacy Professionals is joining the Colleges of Applied Arts and Technology pension plan’s DBplus arrangement. “I did a lot of research…

  • By: Staff
  • October 11, 2022 October 7, 2022
  • 09:00

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

An article on Ontario’s incoming electronic monitoring policy was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories…

  • By: Staff
  • October 7, 2022 October 6, 2022
  • 09:00

How employers can help shrink Canada’s gender pension gap

Canada’s gender pension gap is growing as Canadian women received an average of 18 per cent less retirement income than men in 2020, according to…

Copyright_slasny_123RF

71% of Canadians finding it challenging to save for retirement amid rising inflation: survey

Nearly three-quarters (71 per cent) of Canadians say saving for retirement is a challenge amid rising inflation, an increase of six percentage points over 2021,…

  • By: Staff
  • October 4, 2022 October 3, 2022
  • 09:00

Report finds U.S. DC plan members remain committed to saving, investing despite financial uncertainty

Defined contribution pension plan members in the U.S. are committed to saving and investing, as only two per cent stopped contributing to their plan in…

  • By: Staff
  • September 23, 2022 September 25, 2022
  • 15:00

Claims paid out to support mental health up 75% since 2019: CLHIA

Canadian life and health insurers processed nearly $600 million in claims related to mental health in 2021, up 45 per cent since 2020 and 75…

  • By: Staff
  • September 16, 2022 September 15, 2022
  • 09:00