The actions U.S. employers have taken to better manage the costs of their benefits plans is showing real results, according to the National Survey of Employer-sponsored Health Plans, conducted annually by Mercer and released today.
With more than 80% of Canadian plan sponsors currently offering a DC option in their employer-sponsored pension plans, the shift to DC is firmly entrenched. In the U.S., nearly 60% of all pension assets flow into DC plans, according to the 2012 Towers Watson Global Pension Assets Study.
Which country has the best pension system in the world?
Panel question its value for working Canadians.
Touted as a practical solution for those who currently don’t have access to a workplace pension, the pooled registered pension plan (PRPP) also holds the potential to create a new revenue stream for the industry. Several of the large retirement service providers have already jumped at this opportunity and are ready to roll out PRPP […]
The funded status of DB pension plans in Canada, the U.S. and the Netherlands has fallen since December 2011, according to new data from Mercer.
The Melbourne Mercer Global Pension Index has given Canada’s retirement savings and income system another B rating this year. The positive impact of increasing the Old Age Security (OAS) retirement age was offset by the continued reduction in pension plan coverage for employees in the private sector. Canada’s overall index value was 69.2.
After a decade of steady increases in the incidence and number of days lost to illness and disability, the Conference Board of Canada’s 2009 Employer-Sponsored Benefit Programs Survey estimates that $7.4 billion is lost to workplace absenteeism in Canada each year.
The new Mercer Pension Health Index, which is in line with other reports released earlier this week, stood at 80% September 30, up from 77% on June 30.
More employers are looking to expand their overall workforce, according to new data from Mercer. However, current employee engagement is low, so employers are turning to rewards to help increase engagement and to help hold on to their talent.