The College of Physicians and Surgeons of Newfoundland and Labrador is the latest employer to join the Colleges of Applied Arts and Technology pension plan’s DBplus. The college’s 14 employees were contributing to a defined contribution arrangement before joining the plan on Nov. 1. The individual employees have the option to convert their DC accounts […]
Two employers from British Columbia’s not-for-profit sector are joining the Colleges of Applied Arts and Technology pension plan’s DBplus. Effective Oct. 1, 53 full-time and six part-time staff at the Vancouver Foundation and four full-time and two part-time employees at the British Columbia Unclaimed Property Society became members of the defined benefit pension plan. “We […]
Defined benefit pension plans that were on route to de-risking when the coronavirus hit are facing a difficult road ahead in the current lower-for-longer interest rate environment. However, a new de-risking option is available for plan sponsors that didn’t exist in the wake of the global financial crisis: merging with the Colleges of Applied Arts […]
The Ontario Teachers Insurance Plan and its group of companies is the latest employer to join the Colleges of Applied Arts and Technology’s DBplus pension plan. Effective Sept. 7, 685 full-time employees — including 639 from Ontario, 23 from Alberta and 23 from Quebec — joined DBplus on a go-forward basis. In addition, all part-time […]
The Mohawk College Foundation is the latest employer to join the Colleges of Applied Arts and Technology pension plan’s DBplus. Prior to the move, which took effect Aug. 1, 2020, foundation employees contributed to a group registered retirement savings plan. On an individual basis, they’re now eligible to transfer their group RRSP balances into DBplus. […]
Whether it’s battling the challenges of plan maturity, increasing longevity, the changing nature of work or difficult financial markets, these so-called golden handcuffs are looking pretty dented in some cases. But the 10 years following the great financial crisis wasn’t all bad. Many public pension plans, as well as affiliated administrators and investment managers, have […]
Firefighters, administrative and infrastructure maintenance personnel at the Saint John Airport are among the newest members to join the Colleges of Applied Arts and Technology pension plan’s DBplus. As part of a new collective agreement that was ratified earlier this year, the employees, who are represented by the Public Service Alliance of Canada, have joined […]
The coronavirus crisis is putting new stresses on businesses as they grapple with cash flow and business continuity, but even amid such uncertainty, some employers are still looking to join defined benefit plans. The Colleges of Applied Arts and Technology pension plan is continuing to see interest in its DBplus offering, with the coronavirus crisis […]