Latest news in Retirement

Unifor workers at eight Ontario casinos ready to strike over pensions, benefits

Roughly 2,000 Unifor members at eight Ontario casinos have voted to strike if new pension and benefits agreements can’t be negotiated by midnight on July 22.…

  • By: Staff
  • July 18, 2022 July 18, 2022
  • 15:00

Hilton, Unifor agreement includes retirement, benefits enhancements

The union representing 60 employees at the Hilton Garden Inn in Ajax, Ont. has ratified a three-year agreement that includes retirement and benefits gains. The…

  • By: Staff
  • July 18, 2022 July 15, 2022
  • 09:00
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Top 5 HR, benefits and pension stories of the week

An expert panel about the impact of environmental, social and governance-focused target-date funds on capital accumulation plans was the most-read story on BenefitsCanada.com over the…

  • By: Staff
  • July 15, 2022 July 15, 2022
  • 09:00

58% of Canadian pre-retirees contributing to retirement savings: survey

While more than half (58 per cent) of employees within 10 years of retirement are contributing to retirement savings, only about a third (30 per…

  • By: Staff
  • July 12, 2022 July 11, 2022
  • 09:00
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Biden’s Ohio visit spotlights effort to rescue troubled MEPPs

Reassuring frustrated blue-collar voters, U.S. President Joe Biden on Wednesday visited Ohio iron workers to highlight federal action to shore up troubled pension funding for…

Quebec paramedics striking for lower DB pension plan retirement age, equitable pay

Paramedics from 40 ambulance services across Quebec are striking to lower the required retirement age for their defined benefit pension plan and for pay equity…

  • By: Staff
  • July 7, 2022 July 6, 2022
  • 09:00
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Pensions, retirement security at heart of Timberland Equipment strike

More than 50 workers are on strike at Timberland Equipment Ltd. in Woodstock, Ont., after the company and the union failed to reach an agreement…

  • By: Staff
  • July 6, 2022 July 5, 2022
  • 09:00
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Survey finds half of young U.S. employees withdrawing early from retirement savings

Half (49 per cent) of U.S. employees younger than age 34 are withdrawing early from an individual retirement account or 401(k), according to a new…

  • By: Staff
  • July 5, 2022 July 4, 2022
  • 09:00
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French election results scuttle Macron’s hopes for pension reform

French president Emmanuel Macron’s efforts to reform his country’s pension system have been set back by the results of divisive national elections. During his campaign…

More U.S., U.K. employers offering new childcare programs, subsidies amid pandemic: survey

Two-fifths (40 per cent) of U.S. employees and one in five U.K. workers say their employer has introduced new childcare programs or subsidies over the past…

  • By: Staff
  • June 27, 2022 June 27, 2022
  • 15:00
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Ontario court awards $210K in costs against FSRA in Brewers Retail pension case

An Ontario Superior Court judge is awarding Brewers Retail Inc. $210,000 in costs against the Financial Services Regulatory Authority of Ontario. Justice Ed Morgan’s award…

75% of Canadian employees believe there’s an emerging retirement crisis: survey

Two-thirds (66 per cent) of employees are willing to take a job with a lower salary and a pension plan than one with a higher…

  • By: Staff
  • June 24, 2022 June 24, 2022
  • 09:00
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Report finds U.S. DC plan members continuing contributions in Q1, despite market upheaval

Just 0.9 per cent of 35 million U.S. defined contribution pension plan members ceased making contributions during the first quarter of 2022, according to a…

  • By: Staff
  • June 22, 2022 June 23, 2022
  • 15:00
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Stelco entering $1.3BN annuity buy-in for DB pension

Stelco Inc. is de-risking one of its defined benefit pension plans with a $1.3 billion annuity buy-in. The deal, which covers more than 7,000 United…

  • By: Staff
  • June 20, 2022 June 23, 2022
  • 09:00

2022 BPS coverage: Plan sponsors should be bold with benefits plan design amid ‘Great Resignation’

The ‘Great Resignation’ is ushering in a period of great transformation for employers, the workforce and the workplace of the future, said Charmaine Alexander, senior…

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HOOPP approves pension increase for active members

The Healthcare of Ontario Pension Plan is increasing its lifetime pension for all active plan members effective Jan. 1, 2023. As an example, under the…

  • By: Staff
  • June 10, 2022 June 13, 2022
  • 09:25
Canadian ESG-related investment assets surge to $3.2 trillion: report

U.S. DC pension plan sponsors seeking clarity on ESG guidelines, increasing focus on financial wellness: survey

While there’s broad interest in environmental, social and governance factors, the majority of U.S. defined contribution pension plan consultants said their plan sponsor clients are…

  • By: Staff
  • June 6, 2022 June 3, 2022
  • 09:00

Report finds retirees with DB pension plans draw down savings slower than those with DC plans

Retirees with defined benefit pension plans are less likely to draw down their savings to cover their spending than those with a defined contribution plan,…

  • By: Staff
  • May 31, 2022 May 30, 2022
  • 09:00

Scotiabank supporting employee financial well-being with pension info sessions

Scotiabank is supporting its employees’ financial well-being with a week of information sessions in June. Ayman Alvi, director of global benefits at Scotiabank, says the…

Saskatchewan permitting electronic naming of beneficiaries for pensions, retirement plans

Pension and retirement plan members in Saskatchewan can now designate beneficiaries through electronic means. The provincial government recently passed a series of amendments regarding the…

  • By: Staff
  • May 27, 2022 May 27, 2022
  • 15:00

Top 5 HR, benefits and pension stories of the week

An article on how employers can create health benefits and retirement plans for gig workers was the most-read story on BenefitsCanada.com over the last week.…

  • By: Staff
  • May 27, 2022 May 26, 2022
  • 09:00

Survey finds 56% of U.S. employees expecting less than $500K in retirement savings

While U.S. employees say it takes $1.1 million in savings, on average, to retire comfortably, 56 per cent expect to have less than $500,000 saved,…

  • By: Staff
  • May 27, 2022 May 27, 2022
  • 09:00
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Expert panel: How employers can design health benefits, retirement plans for gig workers

Whether they’re delivering takeout, chauffeuring passengers, or fixing leaky sinks, most gig workers in Canada don’t get benefits. Classified as independent contractors rather than employees,…

Contract workers at post-secondary institutions missing out on pensions, paid leave: report

Contract food services and custodial workers at Canada’s colleges and universities have less access to pensions and paid leave than their in-house colleagues, according to…

  • By: Staff
  • May 13, 2022 May 13, 2022
  • 09:00