Latest news in Retirement

Using creativity to engage employees with pensions

Using creativity to engage employees with pensions

When is the best time to tell your employees about how good your pension plan is? “Before someone else tells them about theirs,” said Keith…

Wrap-up: DC plan sponsor challenges and opportunities

Wrap-up: DC plan sponsor challenges and opportunities

Wrapping up the 2020 DC Plan Summit with his customary flair, Zaheed Jiwani, principal and leader of the DC consulting group at Eckler Ltd., highlighted…

How to ease pension plan member anxiety when they can’t access funds

How to ease pension plan member anxiety when they can’t access funds

Anxiety is running high for many Canadians who are feeling the immediate financial impact of the coronavirus pandemic due to job losses, reduced work hours…

Feds urged to allow tax-deferred RRSP withdrawals during coronavirus

Feds urged to allow tax-deferred RRSP withdrawals during coronavirus

A new report by the C.D. Howe Institute is urging the federal government to suspend taxes on registered retirement savings plan withdrawals during the coronavirus pandemic. The report…

  • By: Staff
  • April 14, 2020 November 30, 2020
  • 15:45
Winnipeg Police Association wins pension grievance against City

Winnipeg Police Association wins pension grievance against City

An arbitrator has ruled in favour of the Winnipeg Police Association in its dispute with the City of Winnipeg over the police pension plan. The association…

Sounding Board: Communicating pension programs during a crisis

Sounding Board: Communicating pension programs during a crisis

In the midst of an unusual or unsettling situation, such as the coronavirus pandemic, pension plan sponsors should remember that both defined benefit and capital…

  • April 1, 2020 November 30, 2020
  • 09:00
Unifor decries Co-op’s ‘final offer’ on pension, files unfair labour practices complaint

Unifor decries Co-op’s ‘final offer’ on pension, files unfair labour practices complaint

Recommendations from two provincially appointed special mediators have failed to quell the labour dispute between Federated Co-operatives Ltd. and the union representing its refinery employees. On Sunday, Unifor…

  • By: Staff
  • March 30, 2020 November 30, 2020
  • 15:00

Should early access to retirement funds be allowed due to coronavirus?

With many people around the world facing layoffs due to business shutdowns caused by the coronavirus, financial stress is pervasive. In Australia, the government is…

Will coronavirus push changes to CAP landscape forward?

Will coronavirus push changes to CAP landscape forward?

With the federal government easing the withdrawal requirements for registered retirement income funds in a bid to alleviate the harm to retirees’ portfolios caused by…

Sounding Board: Governments must ease burden on pension plans in era of coronavirus

Sounding Board: Governments must ease burden on pension plans in era of coronavirus

Canadians, like many around the world, have watched from the sidelines as interest rates have plummeted and the markets have dropped significantly over the past…

Retirement system must reflect Canadians working longer: report

Retirement system must reflect Canadians working longer: report

While some may still dream of an early retirement, the world where freedom 55 seemed like a genuine possibility is no longer the world we live…

Nav Canada, Unifor reach agreement with early retirement option, pay rise

Nav Canada, Unifor reach agreement with early retirement option, pay rise

Nav Canada’s air navigation specialists are receiving a new end-of-career leave program and a three per cent wage increase in their new collective agreement. The…

A look at how five DC plan members are approaching decumulation

A look at how five DC plan members are approaching decumulation

Sometimes, the best way to explore the unknown is by following in the footsteps of someone who’s been there first. When it comes to in-plan…

Q&A with IBM Canada’s Katherine Faichnie

IBM Canada Ltd.’s director of HR talks data and analytics, holistic employee health and playing the piano Q. What top challenges do you face in…

80% of U.S. employers set to have financial wellness program by 2023: survey

80% of U.S. employers set to have financial wellness program by 2023: survey

While fewer than half (42 per cent) of U.S. employers are currently offering financial wellness programs, that number is set to almost double to 80 per…

  • By: Staff
  • March 12, 2020 November 11, 2020
  • 15:30
How can plan sponsors help pension members during volatile times?

How can plan sponsors help pension members during volatile times?

Once again, we’re experiencing volatile markets. During these times, it’s common to hear the following statements: It isn’t time to panic. This has happened before. Make sure the…

  • March 10, 2020 November 30, 2020
  • 08:30
Retirement age rising for millennials, gen X and boomers: report

Retirement age rising for millennials, gen X and boomers: report

Freedom 55? It’s looking more like Freedom 70 for some Canadians, but there are strategies that working baby boomers, generation Xers and millennials can employ…

  • By: Staff
  • February 25, 2020 November 30, 2020
  • 09:15
Canadian law firms to join CAAT’s DBPlus pension plan

Canadian law firms to join CAAT’s DBPlus pension plan

Lawyers Financial has inked a deal with the Colleges of Applied Arts and Technology pension plan to offer law firms the chance to join the CAAT’s DBplus. The…

  • By: Staff
  • February 24, 2020 November 12, 2020
  • 09:15
Majority of millennial workers in DC pension plans: report

Majority of millennial workers in DC pension plans: report

As millennials enter their prime working years many are actively saving for their retirements, according to a new report by Wells Fargo Institutional Retirement and Trust.…

  • By: Staff
  • February 21, 2020 November 30, 2020
  • 08:45
Canadian women confident about retirement finances: poll

Canadian women confident about retirement finances: poll

The majority (seven in 10) of Canadian women age 45 and older said they feel confident they’ll be able to afford the lifestyle they want…

  • By: Staff
  • February 20, 2020 November 12, 2020
  • 09:15
Do workers delaying retirement feel financially trapped?

Do workers delaying retirement feel financially trapped?

Should I stay or should I go? That’s the question employees are asking regarding their retirement, but they’re getting mixed answers from their employers. In…

  • By: Staff
  • February 14, 2020 November 30, 2020
  • 09:05
A look at one of Canada’s oldest multi-employer target-benefit plans

A look at one of Canada’s oldest multi-employer target-benefit plans

Jim Flynn, a trustee of the Nursing Homes and Related Industries Pension Plan and a former assistant regional director of the Canadian Union of Public…

Are elements of U.S. pension reform worthy of Canadian consideration?

Are elements of U.S. pension reform worthy of Canadian consideration?

The first major reform to the U.S. retirement system in a decade, the Setting Every Community Up for Retirement Enhancement Act, contains provisions that could…

Canadians concerned about retirement readiness: surveys

Canadian workers don’t think they’ll have enough savings for their retirement, according to two new surveys. While 68 per cent of respondents said they’re currently saving…

  • By: Staff
  • February 12, 2020 February 16, 2022
  • 15:15
CPP enhancements good start, but more needed to ensure retirement readiness: report

CPP enhancements good start, but more needed to ensure retirement readiness: report

The Canada Pension Plan enhancements are a strong start but the country needs to do more to help people prepare for retirement, according to a…

  • By: Staff
  • February 12, 2020 November 30, 2020
  • 09:30