Latest news in Retirement

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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
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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

Nearly half of U.S. SMEs offering retirement savings plans to boost attraction, retention efforts: survey

While more than two-thirds (69 per cent) of U.S. small- and medium-sized employers say the main reason they offer a retirement savings plan is to help…

  • By: Staff
  • November 1, 2023 November 2, 2023
  • 15:00
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84% of employers say they’re concerned about a retirement income crisis: survey

As a majority (84 per cent) of Canadian employers say they’re concerned about an emerging retirement income crisis, they also agree that, without access to…

  • By: Staff
  • October 31, 2023 October 30, 2023
  • 09:00
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Survey finds 74% of workers say it’s important for employers to offer retirement savings options

Roughly three-quarters (74 per cent) of Canadian employees say it’s important for their employer to offer a retirement savings option, according to the latest mental-health…

  • By: Staff
  • October 30, 2023 October 30, 2023
  • 15:00

Lululemon’s retirement savings plans, financial literacy initiatives lead to award win

Lululemon Athletica Inc.’s extensive financial wellness offerings led to a win at Benefits Canada‘s 2023 Workplace Benefits Awards on Oct. 20. The apparel company won in the Financial…

Finance ministers to meet on Alberta’s proposal to leave Canada Pension Plan

Finance Minister Chrystia Freeland has agreed to convene a meeting with provincial and territorial finance ministers to discuss Alberta’s proposal to withdraw from the Canada…

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Saskatchewan Pension Plan expanding variable benefits to all members

The Saskatchewan Pension Plan is expanding its variable benefit option to all retiring plan members across Canada. The option, which was previously only available to…

  • By: Staff
  • October 25, 2023 October 25, 2023
  • 15:00
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60% of global DC pension plan members say inflation impacting retirement plans: survey

Nearly two-thirds (60 per cent) of global defined contribution pension plan members say they’re thinking differently about retirement amid rising inflation, according to a new survey…

  • By: Staff
  • October 24, 2023 October 24, 2023
  • 15:00
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Top 5 HR, benefits, pension and investment stories of the week

An article on how flexible dress codes can support diversity, equity and inclusion was the most-read story on BenefitsCanada.com over the last week. Here are the five…

  • By: Staff
  • October 20, 2023 October 19, 2023
  • 09:00
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Trudeau chides Smith for Alberta pension-exit debate, promises to defend stability of CPP

Prime Minister Justin Trudeau entered the Alberta pension-exit debate Wednesday, saying the federal government will fight any threat to the stability of the Canada Pension…

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Canada’s retirement system ranks No. 12 out of 47 countries but has room for improvement: report

Canada’s retirement system ranks No. 12 out of 47 countries but has room for improvement amid a challenging economy and ageing population, according to a…

  • By: Staff
  • October 19, 2023 October 18, 2023
  • 09:00

Gen Z workers want to retire at 61, but 99% facing obstacles to saving for retirement: survey

While U.S. generation Z workers want to retire at age 61, 99 per cent of these employees say they’re facing obstacles to saving for a…

  • By: Staff
  • October 19, 2023 October 18, 2023
  • 09:00
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With Ford, GM employees set to join CAAT’s DBplus pension, what’s next for U.S. auto workers?

While U.S. auto workers would like to see their pension plans converted from defined contribution to defined benefit, it may be more challenging than it…

Alberta rules out Quebec pension model despite promise to wait for public feedback

Finance Minister Nate Horner says if Alberta abandons the Canada Pension Plan to run its own stand-alone fund, it will not adopt Quebec’s model, which…

Editorial: Weighing the benefits of participation in a multi-employer pension plan

Whether it’s in the magazine, on the website or at our various defined contribution pension plan events, Benefits Canada is regularly writing about how DC plans are…

2023 Top 50 DC Plans Report: Unleashing the power of multi-employer pension plans

Increased volatility, stubborn inflation and erratic interest rates are making for financially uncertain times, where it can be more reassuring to seek safety in shared…