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Collective defined contribution pension plans could begin to replace DC plans, just as DC plans have replaced the majority of defined benefit plans in recent decades, according to a new paper from the U.S.-based Brookings Institution. CDC plans, also known as hybrid retirement plans, combine elements of DB and DC plans. They pool contributions from […]

  • By: Staff
  • October 8, 2021 October 8, 2021
  • 09:00

Nearly half (44 per cent) of employers that offer retirement benefits said employee productivity has been better than normal over the past year, compared to 29 per cent of employers that don’t offer retirement benefits, according to a survey by Maru Group Ltd. on behalf of the Healthcare of Ontario Pension Plan. The survey, which […]

  • By: Staff
  • October 7, 2021 October 7, 2021
  • 09:00

The typical Canadian defined benefit pension plan deteriorated on a solvency basis but improved on an accountancy basis in September, according to a new report by LifeWorks Inc. Its monthly report on DB pension indices found the average plan saw its solvency index dip from 109.4 per cent at the end of August to 108.8 […]

What do historically low interest rates mean for DB pension de-risking?

Increasing yield for long-term government bonds and a flat credit spread through the third quarter of 2021 are driving up defined benefit pension liabilities, according to a new report by Aon. In the third quarter of 2021, long-term Government of Canada bond yields increased by 14 basis points while credit spreads remained largely unchanged. According […]

  • By: Staff
  • October 5, 2021 October 5, 2021
  • 12:30

Canada’s first National Day for Truth and Reconciliation was front of mind this week, with Benefits Canada‘s look at how employers can mark the inaugural day the most-read story. Here are the five most popular news stories of the week: How employers can mark first-ever National Day for Truth and Reconciliation New paper calls for linking […]

  • By: Staff
  • October 1, 2021 September 30, 2021
  • 09:00
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The 17 pension-qualified members of parliament who stood down or were ousted during last week’s federal election will receive $1.4 million per year in payments, according to a new report by the Canadian Taxpayers Federation. The think tank, which tracks government expenditure in Canada, says that, should the MPs each live to 90 years old, […]

  • By: Staff
  • September 29, 2021 September 28, 2021
  • 15:00

Although Manitoba’s Pension Amendments Act takes effect on Oct. 1, pension plan sponsors are disappointed that the provisions allowing them to use reserve accounts to fund solvency deficiencies have been excluded from the proclamation. “The government has not indicated when the reserve account provisions will come into effect and sponsors are anxious because they would […]

The Association of Canadian Pension Management is calling on the Office of the Superintendent of Financial Institutions to address funding asymmetry in its approach to regulating defined benefit pension plans using a portfolio replicating approach. In an open letter to the OSFI, Ric Marrero, the ACPM’s chief executive officer, raised concerns related to planned revisions […]

  • By: Staff
  • September 21, 2021 September 21, 2021
  • 09:00

As Canadians head to the polls today, Benefits Canada takes a look at how the federal parties’ campaign promises could impact the human resources, benefits and pension industries. Read: Conservatives, NDP pension promises include super-priority for members The Conservative Party is proposing a plan that would put pension plan members first when the company sponsoring […]

  • By: Staff
  • September 20, 2021 September 17, 2021
  • 09:00

When the University Pension Plan officially launched in July 2021, it did so with Barbara Zvan as its inaugural president and chief executive officer. Fresh from a 25-year career with the Ontario Teachers’ Pension Plan, she was appointed by the UPP’s board of trustees in July 2020. While most of the foundational work had been […]