Latest news in Retirement

Copyright_hin255_123RF

Real return bonds support pension risk management, provide liability data: ACPM

The Association of Canadian Pension Management is urging the federal government to reverse its position on the cessation of real return bonds and open a…

  • By: Staff
  • November 23, 2023 November 22, 2023
  • 09:00

2023 Future of Work Summit: What do millennial plan members want from their employers?

When Desjardins Insurance launched a study to redefine employee health and well-being, an unexpected finding came through loud and clear: Canadian employers and insurers should…

Copyright_Romolo Tavani_123RF

Average U.S. 401(k) balance down slightly in Q3 2023, up over long term: report

The average U.S. 401(k) balance decreased to $107,700 in the third quarter of 2023, down four per cent from Q2, but up by 11 per…

  • By: Staff
  • November 21, 2023 November 20, 2023
  • 09:00
Copyright_anaken2012_123RF

65% of U.S. employees cite flexible work as top compensation component: survey

Two-thirds (65 per cent) of U.S. employees rank flexible work options as the No. 1 component of compensation beyond salary, down from 71 per cent…

  • By: Staff
  • November 20, 2023 November 20, 2023
  • 15:00

2023 Healthy Outcomes Conference: Supporting employees’ financial well-being amid rising inflation, interest rates

As Canadians face the dual effects of the rapidly rising cost of living and interest rates, the resulting financial stress has major implications for plan…

Copyright_Mikhail Tsikhanovich_123RF

ACPM reiterating support for automatic features in Ontario retirement savings plans

The Association of Canadian Pension Management is reiterating its support for fully enabling automatic features in retirement savings plans, including defined contribution pensions, group registered…

  • By: Staff
  • November 17, 2023 November 16, 2023
  • 09:00

Hydro Ottawa providing financial resources on rising cost of living, retirement

Hydro Ottawa Ltd. is marking Financial Literacy Month by promoting tools and resources for employees grappling with the rising cost of living, says Donna Burnett…

  • By: Blake Wolfe
  • November 17, 2023 November 16, 2023
  • 09:00

Head to head: Is there an ideal income replacement ratio at retirement?

While one expert says replacement rates vary with income and age, another argues the longstanding 70 per cent benchmark doesn’t actually work. Bonnie-Jeanne MacDonald, director…

Back to basics on decumulation

While the term decumulation may sound very technical and often leads to confusion among pension plan members, it’s actually quite simple — effectively, it’s the…

Third of DC plan sponsors don’t expect employees to use financial wellness programs: survey

About a third (32 per cent) of defined contribution pension plan sponsors that currently don’t use a financial wellness program say it’s because they don’t expect…

  • By: Staff
  • November 16, 2023 November 15, 2023
  • 09:00
Copyright_ jewhyte_123RF

CPPIB CEO pitches Calgary business crowd on benefits of staying in CPP

As Alberta considers exiting the Canada Pension Plan, the head of the Canada Pension Plan Investment Board visited Calgary on Tuesday to warn against losing…

How group life insurance can support employee financial, mental wellness

A group life insurance policy can support employee financial and mental wellness as they pay off debt, mortgages and other liabilities, says Kevin Dorse, assistant…

  • By: Sadie Janes
  • November 14, 2023 November 13, 2023
  • 09:00

Stellantis, Unifor agreement includes transition to CAAT DBplus pension plan

The union representing 8,200 Stellantis employees has ratified a three-year collective agreement that includes pension gains. On Jan. 1, 2025, employees hired on or after…

  • By: Staff
  • November 14, 2023 November 13, 2023
  • 09:00
Copyright_aiblondy_123RF

Survey finds just 44% of U.S workers reviewing retirement plan contributions during enrolment period

While a majority (87 per cent) of U.S. employees believe it’s a good idea to review their workplace retirement savings plan during their company’s open…

  • By: Staff
  • November 13, 2023 November 13, 2023
  • 09:00

57% of U.S. women say they don’t make enough to save for retirement: survey

More than half (57 per cent) of U.S. women say they don’t earn enough to save for retirement and 26 per cent say they agree…

  • By: Staff
  • November 10, 2023 November 10, 2023
  • 09:00

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

An article on Fidelity Canada’s win in the Future of work strategy category at Benefits Canada‘s 2023 Workplace Benefits Awards was the most-read story on BenefitsCanada.com over the…

  • By: Staff
  • November 10, 2023 November 9, 2023
  • 09:00
Copyright_dolgachov_123RF

Survey finds 76% of U.S. employees concerned about ability to save for retirement

While more than three-quarters (79 per cent) of U.S. employees say they’re satisfied with their employer-sponsored pension plan, 76 per cent say they’re concerned about…

  • By: Staff
  • November 8, 2023 November 8, 2023
  • 15:00

CPP maximum pensionable earnings increasing to $68,500 in 2024

The maximum pensionable earnings under the Canada Pension Plan is increasing to $68,500 in 2024, up from $66,600 in 2023. The employee and employer contribution…

  • By: Staff
  • November 8, 2023 January 2, 2024
  • 09:00

Alberta would need to negotiate international agreements if it quits CPP: Freeland

Federal Finance Minister Chrystia Freeland says if Alberta were to quit the Canada Pension Plan it would require a “complex and multi-year process” of negotiating…

Coverage of the 2023 DC Investment Conference

Since the onset of the coronavirus pandemic three years ago, the global economy has faced a bumpy ride, led by the lingering public health crisis,…

2023 DC Investment Forum: Silver linings for retirement savings, investment trends and younger generations

Defined contribution pension plan members are currently in a different place, especially the younger generations, who are likely feeling as though their financial priorities don’t…

2023 DC Investment Forum: How longevity risk pooling can help DC plan members meet their retirement income needs

Larry, a hypothetical defined contribution plan member, is facing a difficult calculus as he prepares to retire. Between his personal and DC plan savings, he’s…

Survey finds only a third of Canadians are factoring chronic conditions into retirement plans

Among baby boomers with a chronic physical or mental-health condition that requires medication or treatment (49 per cent), a third (32 per cent) have changed…

  • By: Staff
  • November 3, 2023 November 2, 2023
  • 15:00

Ontario Infrastructure Bank to leverage public sector pension investments

The Ontario government is launching an infrastructure bank that will leverage investments by public sector pension plans and other Canadian institutional investors. In its fall…

  • By: Staff
  • November 3, 2023 November 2, 2023
  • 09:00
Copyright_olegback_123RF

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

An article on Lululemon Athletica Inc.’s win in the Financial wellness category at Benefits Canada‘s 2023 Workplace Benefits Awards was the most-read story on BenefitsCanada.com over the last week.…

  • By: Staff
  • November 3, 2023 November 2, 2023
  • 09:00