defined contribution – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Thu, 02 May 2024 15:20:09 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 PIAC urging feds to allow tax-free mergers of target-date funds https://www.benefitscanada.com/canadian-investment-review/dc-investments/piac-urging-feds-to-allow-tax-free-mergers-of-target-date-funds/ Wed, 04 May 2022 13:00:29 +0000 https://www.benefitscanada.com/?p=120585 The Pension Investment Association of Canada is urging the federal government to allow for tax-free mergers of maturing target-date funds. In a letter to the Department of Finance Canada, the PIAC said current tax rules don’t permit tax-free mergers of a target-date fund series into a terminal fund — where a target-date fund provider will […]

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]]> A look at the pandemic’s impact on pension plans in Canada’s travel, transportation sectors https://www.benefitscanada.com/archives_/benefits-canada-archive/a-look-at-the-pandemics-impact-on-pension-plans-in-canadas-travel-and-transportation-sectors/ Thu, 14 Apr 2022 12:57:35 +0000 https://www.benefitscanada.com/?p=119111 The economic impact of the pandemic has been unevenly distributed across various industries, with travel and transportation among the hardest-hit sectors. However, while travel restrictions and subsequent employee layoffs in these industries made headlines throughout 2020 and 2021, the pension plans provided by these employers have largely weathered any economic fallout. The impact on air […]

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]]> Rio Tinto providing all employees with 18 weeks of paid parental leave https://www.benefitscanada.com/news/bencan/rio-tinto-providing-all-employees-with-18-weeks-of-paid-parental-leave/ Thu, 24 Mar 2022 13:00:45 +0000 https://www.benefitscanada.com/?p=118684 Rio Tinto Group is making parental leave more accessible for employees by removing the distinction between primary and secondary caregivers. The policy change — which takes effect in Canada in June and will be implemented worldwide by the end of 2023 — provides all new parents with 18 weeks of 100 per cent paid parental […]

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]]> Top 5 HR, pension and benefits stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-pension-and-benefits-stories-of-the-week-22/ Fri, 11 Mar 2022 14:00:00 +0000 https://www.benefitscanada.com/?p=118100 With today marking the second anniversary of the coronavirus pandemic, it isn’t surprising that a pair of articles on the pandemic’s lasting impact were among the most read stories over the past week on BenefitsCanada.com. Here are the five most popular news stories of the week: 1. Two years later: Canada’s DB, DC pension plans weathering the […]

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]]> Two years later: Canada’s DB, DC pension plans weathering the pandemic https://www.benefitscanada.com/news/bencan/two-years-later-canadas-db-dc-pension-plans-weathering-the-pandemic/ Mon, 07 Mar 2022 14:00:50 +0000 https://www.benefitscanada.com/?p=117800 Canada’s pension plans are weathering the coronavirus pandemic, with many plans currently in their best financial shape in several years. The early days of the pandemic painted a bleak picture for institutional investors. Between Feb. 19 and March 23, 2020, the S&P/TSX composite index dropped by 37 per cent — the latter date marking the index’s lowest point […]

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]]> Top 5 HR, pension and benefits stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-pension-and-benefits-stories-of-the-week-21/ Fri, 04 Mar 2022 14:00:41 +0000 https://www.benefitscanada.com/?p=117713 An article on British Columbia’s paramedics and their need for enhanced mental-health benefits was the most read story over the past week on BenefitsCanada.com. Here are the five most popular news stories of the week: 1. B.C. paramedics seeking enhanced mental-health benefits 2. Canadian pension plans overcoming legislation, governance challenges: webinar 3. Ontario’s DB pension plans should take steps […]

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]]> 38% of U.S. employees increased 401(k) contributions in 2021: survey https://www.benefitscanada.com/pensions/cap/38-of-u-s-employees-increased-401k-contributions-in-2021-survey/ Tue, 22 Feb 2022 20:00:18 +0000 https://www.benefitscanada.com/?p=117020 More than a third (38 per cent) of U.S. employees increased their 401(k) contributions by an average of three per cent in 2021, according to a new survey by Fidelity Investments Inc. By the end of 2021, 83 per cent of workers with a 401(k) received a contribution from their employer, with the average employer […]

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]]> How employers can solve the inflation puzzle amid war for talent https://www.benefitscanada.com/human-resources/hr-communication/how-employers-can-solve-the-inflation-puzzle-amid-war-for-talent/ Thu, 02 Dec 2021 14:00:10 +0000 https://www.benefitscanada.com/?p=112598 As inflation hits a record high in Canada, employers are helping workers weather the storm through various benefits and compensation offerings, according to several experts. In October, the Canadian inflation rate increased year over year by a record 4.7 per cent, the largest increase since February 2003, according to Statistics Canada. The Bank of Canada […]

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]]> ACPM urging Retraite Québec to address recovery measures timing in draft pension amendment https://www.benefitscanada.com/pensions/governance-law/acpm-asking-retraite-quebec-to-address-recovery-measures-timing-in-draft-pension-amendment/ Tue, 16 Nov 2021 20:00:17 +0000 https://www.benefitscanada.com/?p=111685 The Association of Canadian Pension Management is calling on Retraite Québec to review its draft amendment of a regulation governing supplemental pension plans. In a letter to the pension plan administrator, the ACPM said that a section of the amendment — stating that recovery measures in the event of insufficient contributions to a target-benefit pension […]

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]]> Dynamic pension pools a viable decumulation option for Canadians: report https://www.benefitscanada.com/pensions/retirement/dynamic-pension-pools-a-viable-decumulation-option-for-canadians-report/ Tue, 16 Nov 2021 14:00:45 +0000 https://www.benefitscanada.com/?p=111612 With 10 million Canadian baby boomers entering retirement, dynamic pension pools could help seniors turn their accumulated savings into low-cost lifetime pension income, according to a new report by Ryerson University’s National Institute on Ageing and the Global Risk Institute. According to the report, dynamic pension pools can help Canadians optimize their expected lifetime retirement […]

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