Latest news in Retirement

45% of U.S. DC plan sponsors considering adding emergency savings options in 2024: survey

More than two-fifths (45 per cent) of U.S. defined contribution pension plan sponsors say they’re considering implementing emergency savings features, according to a survey from…

  • By: Staff
  • January 23, 2024 January 23, 2024
  • 15:00
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Top 5 HR, benefits, pension and investment stories of the week

An article on how the federal government should ensure its new Canadian Dental Care Plan doesn’t displace existing employer-sponsored dental coverage was the most-read story…

  • By: Staff
  • January 19, 2024 January 18, 2024
  • 09:00

PIAC focusing on pension solvency uniformity, CAPSA risk management guidelines in 2024

The Pension Investment Association of Canada will concentrate its legislative advocacy efforts on funding reform in 2024, including for an overhaul of long-term, minimum funding…

My Take: More financial literacy needed to help employees achieve retirement goals

The skyrocketing cost of living has created increased need for employees to receive additional financial well-being information to meet their retirement savings goals. It’s increasingly…

Half of Canadian retirees receiving less than $50K per year from employer-sponsored pension plan: survey

More than half (53 per cent) of Canadian retirees say they’re receiving, or will receive, less than $50,000 in annual retirement income from their employer-sponsored…

  • By: Staff
  • January 16, 2024 January 16, 2024
  • 15:00
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Expert panel: Risk management, target-benefit framework among themes shaping pension industry in 2024

While it’s impossible to predict exactly how pension case law will evolve in future, one can offer an educated guess at some legislative developments and…

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

A story on mental-health themes and challenges for 2024 was the most-read story on BenefitsCanada.com this week. Here are the top five human resources, benefits, pension…

  • By: Staff
  • January 12, 2024 January 11, 2024
  • 09:00

3M freezing U.S. DB pension plans for non-union employees by end of 2028

3M will freeze its U.S. defined benefit pension plans for non-union U.S. employees, effective Dec. 31, 2028, and move plan members to a 401(k) plan structure. Eligible…

  • By: Staff
  • January 10, 2024 January 10, 2024
  • 15:00
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Employers increasingly aware of lifetime pension pools, but more work to be done: report

While there’s more work to be done before lifetime pension pools are widely implemented in North America, employers are increasingly aware of concepts such as…

Changes to CPP, QPP deductions taking effect this month

Middle-income earners will start seeing a larger portion of their paycheques going toward their Canada Pension Plan contributions as of Jan. 1. A broader pension revamp began in 2019,…

Canadian CAP providers’ assets up 12.9% in 2023: report

The assets of Canada’s top 10 capital accumulation plan providers increased by 12.9 per cent over the previous year, from roughly $250,366 million at June…

  • By: Staff
  • December 22, 2023 December 22, 2023
  • 09:00
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Top 5 HR, benefits, pension and investment stories of the week

A story about why employers might want to reconsider urging employees to use up their benefits was the most-read story on BenefitsCanada.com this week. Here…

  • By: Staff
  • December 22, 2023 December 21, 2023
  • 09:00

U.K. CAP reforms could reduce pension quality, create administrative challenges: expert

A recent development in the U.K. pension market to give British workers a ‘pot for life’ could reduce the quality of retirement plans that are…

  • By: Sadie Janes
  • December 20, 2023 December 19, 2023
  • 09:00
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Can IBM’s retirement benefit account revive the traditional DB pension plan?

After closing its defined benefit pension plan nearly two decades ago and replacing it with a less riskier defined contribution plan, International Business Machines Corp.…

Top 10 pension stories of 2023

A survey on the retirement readiness of Canadian workers and a looming retirement crisis was the most-read pension story on BenefitsCanada.com this year. Here are…

  • By: Staff
  • December 18, 2023 December 18, 2023
  • 09:00

Editorial: Saying goodbye to another challenging year

Since this month’s editorial is my farewell (for just five months) as I prepare for the birth of my second child at the end of…

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

An article on how employers can support employees with attention deficit hyperactivity disorder was the most-read story on BenefitsCanada.com over the last week. Here are the five…

  • By: Staff
  • December 15, 2023 December 15, 2023
  • 09:00

Head to head: Is it time for DC plan sponsors to quit the balanced fund?

One defined contribution plan sponsor sings the praises of the traditional balanced fund, while another outlines a different option that better matches risk levels according…

Would Brazil’s new bond work in Canada?

RendA+, an innovative bond instrument in Brazil, is serving as a relatively safe asset for defined contribution pension plans and lowering retirement risk, especially for…

  • By: Sadie Janes
  • December 15, 2023 December 14, 2023
  • 08:55
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New EU gig worker rules to determine who qualifies for benefits of full-time employees

In a bid to improve working conditions for people who deliver food and offer rides through smartphone apps, the European Union gave provisional approval Wednesday…

Worker demand for DB pension plans could increase as financial concerns continue: CAAT

A resurgence of defined benefit pension plans in Canada could be on the horizon, according to a report from the Colleges of Applied Arts and…

Gap persists between DC plan sponsor, member views on retirement readiness: survey

While the majority (87 per cent) of defined contribution pension plan sponsors feel their members are somewhat or very prepared for retirement, only 63 per…

  • By: Staff
  • December 11, 2023 December 11, 2023
  • 15:00
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Alberta government rejects amendments to CPP exit legislation

Premier Danielle Smith’s government has rejected a proposal that would have compelled it to respect the results of a referendum on whether Alberta should quit…

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

An article on how Ontario’s proposed pay transparency legislation will impact employers was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular…

  • By: Staff
  • December 8, 2023 December 8, 2023
  • 09:00