Latest news in Retirement

Editorial: Looking back — and ahead — in an unprecedented year

Editorial: Pandemic just the latest challenge facing retirement readiness

Last year, Benefits Canada hosted its 2020 CAP Member Survey webinar just a few weeks after the World Health Organization declared the global coronavirus pandemic.…

2021 Consultants Report: Pandemic changing plan sponsor, consultant relationships

The past year and a half has been characterized by marked change. The move to remote work, industry layoffs and the desire for more robust…

  • By: Leah Golob
  • August 13, 2021 August 11, 2021
  • 08:56

2021 CAP Member Survey: How are CAP members faring during coronavirus?

For the past 15 years, Benefits Canada’s CAP Member Survey has taken the pulse of capital accumulation plan members’ retirement readiness, their knowledge, confidence and…

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Border agency employees ending strike after retirement, paid leave wins

The union president for the Canadian Border Services Agency employees is “relieved” after reaching a new tentative agreement that includes retirement benefits and new paid…

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CLHIA calling for increased access to VPLAs, prescription drugs

The Canadian Life and Health Insurance Association is calling on the federal government to permit standalone variable payment life annuities to pool participants from all…

  • By: Staff
  • August 9, 2021 August 9, 2021
  • 15:00

Vale mine workers ending strike after winning pension, benefits increases

The first strike at Vale Canada in more than a decade is drawing to a close after unionized workers at the Sudbury, Ont., mine ratified a collective…

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CAPSA developing multi-jurisdictional VPLA framework for DC pension plans

The Canadian Association of Pension Supervisory Authorities is developing a framework for defined contribution pension plans to offer variable payment life annuities. In developing the…

  • By: Staff
  • August 4, 2021 August 3, 2021
  • 09:00
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More plan sponsors meeting members’ retirement goals in 2021: survey

A majority (72 per cent) of plan sponsors believe their retirement savings plan is meeting its goals this year, up from roughly 66 per cent…

  • By: Staff
  • July 29, 2021 July 29, 2021
  • 09:00
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U.S. employees lacking access to financial wellness programs: survey

A majority (63 per cent) of U.S. employees said their employer doesn’t offer a financial wellness program, according to a new survey by the Defined…

  • By: Staff
  • July 27, 2021 July 27, 2021
  • 15:00
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Rio Tinto workers striking over pension plan, retirement benefits

About 900 employees at Rio Tinto Group’s aluminum smelting facilities in Kitimat, B.C. are on strike after Unifor Local 2301 and the company failed to…

  • By: Staff
  • July 27, 2021 July 26, 2021
  • 09:00

Gen X, millennials more worried about retirement than older generations: report

Millennials and generation X are more worried about retirement than older generations in the wake of the coronavirus pandemic, according to a new survey of…

  • By: Staff
  • July 20, 2021 July 19, 2021
  • 15:00

Expert panel: A look at retiree benefits and the current health-care system

Many employees may be dreaming of a carefree retirement following many years in the trenches — but they’ll likely have to keep dreaming if they…

CAAT DBplus pension welcoming more members of Canadian legal community

The College of Applied Arts and Technology’s DBplus pension plan is welcoming more members of Canada’s legal community through an affinity agreement between the pension…

Number of employees retiring, quitting could rise as pandemic recedes: report

Employees choosing to retire or quit could rise in the second half of 2021 alongside the coronavirus pandemic receding, according to a report by the…

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Aon, Willis Towers Watson merger receives European Commission’s conditional approval

Aon and Willis Towers Watson are confirming the European Commission’s conditional approval of the two companies’ proposed merger. “This is a major step that demonstrates continued progress…

  • By: Staff
  • July 12, 2021 July 12, 2021
  • 15:00

Vale mine workers in Sudbury striking over cuts to drug coverage, retiree health benefits

More than 2,000 workers at a Vale nickel mine in Sudbury, Ont., are continuing their strike after their union, United Steelworkers Local 6500, rejected the…

Pandemic impacting American employees’ attitudes toward finances, retirement, savings: surveys

Almost half (40 per cent) of American workers said the coronavirus pandemic’s made them more concerned about planning for retirement, according to a survey by…

  • By: Staff
  • July 2, 2021 July 2, 2021
  • 15:00

University Pension Plan launches multi-employer DB pension plan

The University Pension Plan is launching its jointly sponsored pension plan, providing management services to the Queen’s University, the University of Guelph and the University…

  • By: Staff
  • July 2, 2021 July 2, 2021
  • 09:00
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East coast companies among early adopters of new retirement savings platform

Two East coast companies are among the early adopters of a retirement savings platform for employers in the not-for-profit sector. Prince Edward Island Family Violence…

Millennials, gen-Xers hit hardest financially during pandemic: survey

The coronavirus pandemic is financially impacting generation Z, millennials, generation X and baby boomers differently. Canadians from the millennial (22 per cent) and gen-X (25…

  • By: Staff
  • June 24, 2021 June 24, 2021
  • 09:00

Majority of Canadian workers willing to take less pay for a workplace pension plan: survey

A majority (70 per cent) of Canadians say they’re willing to forgo a higher salary in exchange for a workplace pension plan, according to a…

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Pride Month: CN Rail dispute ‘catalyst’ for same-sex pension plan policy reviews

While a recent dispute between the Canadian National Railway Co. and the surviving same-sex partner of a deceased plan member will likely inspire other plan…

Americans still saving via DC plans despite pandemic-fuelled uncertainty: report

Despite the uncertainty wrought by the coronavirus pandemic, Americans are continuing to save for retirement through defined contribution pension plans, according to new data from…

  • By: Staff
  • June 16, 2021 June 16, 2021
  • 15:00
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Indigenous, racialized seniors have less retirement security: report

Indigenous and racialized seniors have less retirement security and higher poverty rates than white seniors in Canada, according to a new report by the Canadian…

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Nova Scotia providing residents with early access to retirement savings

Nova Scotia is allowing residents to apply directly to their financial institution to access their retirement savings when facing financial challenges. Under amendments to provincial…

  • By: Staff
  • June 15, 2021 June 16, 2021
  • 09:00