Keyword: defined benefit

65 results found
Copyright_Vadym Malyshevskyi_123RF

The George Hull Centre for Children & Families is joining the Colleges of Applied Arts and Technology’s DBplus pension plan. The Toronto-based non-profit organization previously sponsored a closed defined benefit pension plan and, for employees hired after 2010, a group registered retirement savings plan. Read: CAAT DBplus pension welcoming more members of Canadian legal community […]

  • By: Staff
  • August 5, 2021 August 5, 2021
  • 15:00
Copyright_Mikhail Tsikhanovich_123RF

The Financial Services Regulatory Authority of Ontario is releasing final interpretation guidance to support the role and responsibilities of pension plan administrators. The guidance, an updated and consolidated version of four previous documents, said the administrator’s role includes responsibility for implementing processes to ensure pension plan risks — such as investment, funding, operational and legal — […]

  • By: Staff
  • July 30, 2021 July 29, 2021
  • 09:00

The College of Applied Arts and Technology’s DBplus pension plan is welcoming more members of Canada’s legal community through an affinity agreement between the pension and the Canadian Bar Insurance Association. According to a press release from the CAAT, employees from 42 smaller law firms joined the DBplus plan in the first six months of […]

Copyright_Andrii Yalanskyi_123RF

The Universities Academic Pension Plan is withdrawing control of its $2.7-billlion public equities portfolio from the Alberta Investment Management Corp. The withdrawal comes following ongoing discussions at the UAPP about the AIMCo’s public equities strategy and the investment manager’s volatility trading program that was wound down in 2020, says Geoffrey Hale, chair of the UAPP’s […]

Two experts weigh in on the merits and drawbacks of taking the traditional annuities route versus opting for the newer do-it-yourself option. Marco Dickner, retirement risk management leader for Willis Towers Watson in Canada Although annuity purchases have become an important pension risk management option over the last decade, a countertrend is emerging for plan […]

While solvency funding relief helped Canada’s pension funds withstand the turbulence of 2020, a long-term vision with an eye to a more robust funding framework would offer better support, according to pensions experts. Responding to the crisis, the federal government launched a consultation last fall on measures to alleviate pension solvency funding requirements for defined […]

A defined benefit pension plan leader rarely gets to work with a “blank canvas,” but Chuck Bruce has taken that unique opportunity and drawn a new way forward for more than 56,000 DB plan members in Newfoundland and Labrador. In late 2014, the province and its five largest unions established Provident10 to administer and oversee […]

Employees at two Canadian pension plans are being recognized for their responsible investment achievements. The British High Commission and the Canada Climate Law Initiative named Barbara Zvan, inaugural president and chief executive officer of the University Pension Plan, and Kim Thomassin, executive vice-president and head of investments in Quebec and stewardship investing at the Caisse […]

  • By: Staff
  • May 7, 2021 May 7, 2021
  • 15:00
Copyright_Jerome Cid_123RF

The Canadian National Railway Co. is amending its pension policy after awarding benefits to a widower who was initially denied because of an outdated rule regarding same-sex couples. On Monday, the Canadian Broadcasting Corp. reported Newfoundland resident Ken Haire was in a years-long battle with CN Rail over access to spouse Gerry Schwarz’s pension benefits. […]

  • By: Staff
  • May 7, 2021 May 6, 2021
  • 09:00

Canadian employers are making ongoing changes to their pension and benefits offerings as the coronavirus pandemic drags on, according to a new survey by the International Foundation of Employee Benefit Plans. The survey found almost one in five (18 per cent) employers offering prescription drug coverage have extended the time allowed under prior authorization periods, […]

  • By: Staff
  • May 5, 2021 May 5, 2021
  • 09:00