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Keyword: Defined benefit pensions

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Sanofi joining CAAT’s DBplus pension

Two unions representing nearly 1,000 employees of Sanofi Canada are joining the Colleges of Applied Arts and Technology’s DBplus pension plan. Both Unifor Local 1701 and the International Union of Operating Engineers Local 772 will join the plan effective April 1, according to a press release, which noted the company is joining the multi-employer plan […]

  • By: Staff
  • February 12, 2021 February 26, 2021
  • 09:00
Canada’s DB pension plans post 9.2% return in 2020

Despite market uncertainty due to the coronavirus pandemic and a turbulent U.S. presidential election cycle, Canadian defined benefit pension plans ended the year with near double-digit gains, according to a report by the Royal Bank of Canada’s Investor & Treasury Services. Amid the once-in-a-century crisis, market returns in 2020 for retirement assets were 9.2 per […]

  • By: Staff
  • February 1, 2021 February 1, 2021
  • 15:00
Alberta Teachers’ Association set to legally challenge pension order

The Alberta Teachers’ Association says it’s taking legal action against a ministerial order enacted on several pension plans in the province in late December. In a press release, the association said its provincial executive council voted unanimously this week to file a lawsuit, acting on legal advice that identified an avenue for a challenge to […]

  • By: Staff
  • January 29, 2021 April 14, 2021
  • 15:00
Plan sponsors, pension plans taking lessons from 2020 to decade ahead

Following an unprecedented 2020, Canada’s plan sponsors and pension plans are incorporating the lessons of the last year as they prepare for a new decade, according to a recent webinar hosted by Mercer Canada. The coming years will be marked by developments including increased geopolitical tensions and the lingering economic effects of the coronavirus pandemic, […]

Mercer Canada appoints Geoffrey Melbourne, Neil Lloyd to wealth group leadership roles

Mercer Canada is appointing Geoffrey Melbourne as partner and wealth Canada growth leader and Neil Lloyd as Western Canada wealth leader. Melbourne (pictured left) has over 25 years of experience as a seasoned actuary, retirement consultant and client relationship manager. He joins Mercer after nearly 15 years in retirement consulting at a leading global advisory, […]

  • By: Staff
  • January 28, 2021 April 14, 2021
  • 09:00
Canada’s DB pension plans post 5% return in Q4, close 2020 with 10% gain

Canada’s defined benefit pension plans posted a median return of five per cent during the fourth quarter of 2020 and closed a volatile year with a 10 per cent gain, according to Northern Trust Canada’s pension universe. Despite uncertainty from factors including the U.S. presidential election and Brexit negotiations, the last quarter saw global equity […]

  • By: Staff
  • January 27, 2021 April 14, 2021
  • 09:00
Latest GM Canada, Unifor deal includes DB pension changes, benefits enhancements

The union representing General Motors of Canada Co. employees in Ontario has ratified a new agreement for workers at a plant in Ingersoll that removes changes to a legacy defined benefit plan as part of ongoing pension discussions. The deal, based on the recent three-year agreement with GM for workers in Oshawa, St. Catharines and Woodstock, […]

Saskatchewan’s PEBA completes new pension administration system

Saskatchewan’s Public Employees Benefits Agency is finalizing the modernization of its pension administration system. Earlier this month, the province’s Public Employees Pension Plan converted to the PEBA’s new platform which includes the new PLANet system, an online self-serve portal for employees and members of both the PEPP and the Municipal Employees Pension Plan. The MEPP […]

  • By: Staff
  • January 25, 2021 April 14, 2021
  • 09:00

The Pension Investment Association of Canada is calling on the federal government to reform pension solvency rules while supporting legislation to introduce solvency reserve accounts and variable-payment life annuities. In response to a federal consultation paper, the PIAC said while it supports temporary relief measures amid the current economic climate, it cautioned against an approval […]

  • By: Staff
  • January 22, 2021 April 14, 2021
  • 09:00
Alberta’s public-sector pension plans reassuring members amid worry over ministerial order

Alberta’s public sector pension plans are reassuring members their pensions are safe, following a recent ministerial order enacted by the provincial government. The order was enacted in late December by Alberta Finance Minister Travis Toews after 2020 deadlines for investment management agreements between the pensions and the Alberta Investment Management Corp. passed with no result. […]

  • By: Staff
  • January 20, 2021 April 23, 2021
  • 15:00