On average, women retire with 27 per cent less savings than men, according to a new report from Sun Life Financial Inc. The report, based on two surveys of members in workplace retirement savings plans administered by Sun Life, found women are consistently underutilizing these plans, despite living longer and spending more years in poorer […]
The union representing nearly 125 workers at Community Living Dryden-Sioux Lookout in Ontario have ratified new three-year collective agreements that include pension and benefits gains. The agreements include the implementation of the Colleges of Applied Arts and Technology’s DBplus pension plan beginning in 2026. In addition, vision coverage will increase from $100 to $200 for […]
Indigenous women in Canada continue to face structural barriers to workplace retirement plans and benefits programs, driven by employment instability, eligibility rules and traditional benefits design that often don’t reflect Indigenous realities, according to leaders at Aboriginal Community Career Employment Services. National labour data highlights the disparity. A Statistics Canada report found the employment rate […]
Employers can improve women’s financial security by recognizing gender differences and improving pension contribution and benefits structures, says Kadie Philp, commissioner and chief administrative officer at the Ontario Pay Equity Commission. To close the gender pension gap, employers need to recognize how different work-life patterns can be for men and women, in addition to making […]
Bell Canada’s defined benefit and defined contribution pension plans are both overseen by the same pension committee. The meeting cadences differ, but the committee leans on its DB knowledge to make sure it’s addressing similar risks in the DC plan, says Robert Marchessault, the organization’s director of pensions and benefits. For the DB plan, which […]
Employers can reinforce the value of their workplace retirement plans by communicating to plan members about the importance of having money later versus money now, according to a new report by the National Institute on Ageing at Toronto Metropolitan University’s Pension Centre of Excellence. The report analyzed responses from an NIA survey of 6,000 Canadians […]
Strong equity markets, supported by two additional U.S. Federal Reserve rate cuts and continued momentum across sectors related to artificial intelligence, strengthened retirement income outcomes for capital accumulation plan members in the fourth quarter of 2025, according to a new report by Eckler Ltd. The consultancy’s latest CAP income tracker found a typical male CAP […]
Nearly half (48 per cent) of Canadian employees are contributing as much as they can afford to their workplace retirement plans, but only 41 per cent believe their contributions — including employer matches — will be enough to ensure a comfortable retirement, according to a new survey by T. Rowe Price. The Canadian portion of […]
The Financial Services Regulatory Authority of Ontario is marking its fourth annual Pension Awareness Day today by encouraging employees to understand their employer-sponsored retirement plan and ensure they’re on track to retire comfortably and on time. This year’s campaign is focusing on the FSRA’s three keys to retirement security: employees’ understanding of workplace pension plans, […]
Global pension assets reached a record US$68.3 trillion in 2025, rising 9.6 per cent year over year, with defined contribution savings continuing to drive growth, according to WTW’s latest global pension assets study. The report credited the creation of $6 trillion of pension asset value to a year of sustained recovery across global markets with […]