Latest news in Retirement

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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

Top 5 HR, benefits and pension stories of the week

An article on the potential future of pension plans in the private sector was the most-read story on BenefitsCanada.com over the last week. Here are…

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

How are personalized communications connecting with employees?

As employers increasingly customize their human resources, benefits and pension communications campaigns, how are these methods connecting with employees? Long gone are the days of…

A look at MEPPs in a shifting pension landscape

As the move away from traditional defined benefit plans continues and intensifies, Canada’s multi-employer pension plans are providing employers with another retirement savings option for…

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Comfortable retirement out of reach for many employees: report

While Canadians nearing retirement age have seen a doubling in the median value of both their assets and net worth since 1999, the prospect of…

  • By: Staff
  • May 11, 2022 May 11, 2022
  • 15:00

A third of Canadian employees retiring sooner than planned: survey

A third (33 per cent) of recently retired Canadians said they retired sooner than they planned and 30 per cent of pre-retirees intend to change…

  • By: Staff
  • May 11, 2022 May 10, 2022
  • 09:00

37% of U.S. employers increasing quality of workplace benefits to attract, retain employees: survey

Roughly two-fifths (37 per cent) of U.S. employers are increasing the quality of their existing benefits offerings to help with employee retention and attraction efforts,…

  • By: Staff
  • May 10, 2022 May 10, 2022
  • 15:00

Expert panel: Are private sector employers heading toward a pension renaissance?

Pension coverage in the public sector is high, with the vast majority of public sector employees covered by a defined benefit pension plan. However, the…

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Majority of U.S. young employees switched jobs in last 2 years: survey

Almost two-thirds (61 per cent) of U.S. employees aged 25 to 35 have changed jobs in the last two years or are planning to make…

  • By: Staff
  • May 9, 2022 May 5, 2022
  • 09:00

Top 5 HR, benefits and pension stories of the week

An article on how employers can support workers as a record number of Canadians prepare to retire was the most-read story on BenefitsCanada.com over the…

  • By: Staff
  • May 6, 2022 May 6, 2022
  • 09:00