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Keyword: Hybrid pension plans

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To bolster Alaska’s public sector, a bipartisan effort is underway to relaunch the state’s pensions as defined benefit plans. “I’m carrying this bill on behalf of thousands of state employees who have worked for more than a decade to refine it,” said Cathy Giessel, leader of the state senate’s Republican majority during her introduction of […]

  • By: Staff
  • March 16, 2023 March 15, 2023
  • 12:00
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The College of Family Physicians of Canada pension plan is joining the Colleges of Applied Arts and Technology pension plan’s DBplus. “As a result of merging our plan with CAAT, we will be able to provide all of our employees with a defined benefit pension for life with a number of features including inflation protection […]

  • By: Staff
  • March 2, 2023 March 3, 2023
  • 11:45

Employees of the City of Whitehorse represented by the Yukon Employees’ Union and N.W.T.-based Collège nordique francophone are joining the Colleges of Applied Arts and Technology pension plan’s DBplus arrangement. The two employers are among a number of organizations that have recently joined the CAAT’s plan, including the Canadian Coalition for Good Governance, the Saskatchewan College […]

  • By: Staff
  • January 31, 2023 January 31, 2023
  • 15:00

Few people have as clear a perspective on the differences between public sector defined benefit pension plans in Canada and the U.S. as Paul Matson. “I know the Canadian system,” said the executive director of the Arizona State Retirement System, during a session at the Canadian Investment Review‘s 2022 Investment Innovation Conference. “Before [the Alberta Investment […]

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The Canadian Coalition for Good Governance is joining the Colleges of Applied Arts and Technology pension plan’s DBplus arrangement. “Our participation in a [defined benefit] plan speaks to our beliefs and values as an organization and demonstrates our commitment to our employees,” said Catherine McCall, executive director of the CCGG, in a press release. “We […]

  • By: Staff
  • December 21, 2022 December 21, 2022
  • 15:00
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The Saskatchewan College of Pharmacy Professionals is joining the Colleges of Applied Arts and Technology pension plan’s DBplus arrangement. “I did a lot of research with respect to plan options for our staff and felt that [the] CAAT had the best offering as it was flexible, affordable and offered a great opportunity to support them […]

  • By: Staff
  • October 11, 2022 October 7, 2022
  • 09:00
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Members of the New Brunswick Public Service Pension Plan are receiving a cost-of-living adjustment that doesn’t cover increases in the cost of living in Canada. According to a press release, the $6.6 billion hybrid pension plan’s board of trustees voted to award its 40,000 members with a 5.24 per cent COLA, set to begin on […]

  • By: Staff
  • September 8, 2022 September 8, 2022
  • 13:00

The world’s largest pension funds saw assets increase by 8.9 per cent in 2021, according to a report by WTW’s the Thinking Ahead Institute. The report, which drew on data from the 300 largest pension funds in the world, found these funds’ combined assets under management reached US$23.6 trillion by the end of 2021. The […]

  • By: Staff
  • September 8, 2022 September 8, 2022
  • 12:00

The OPSEU Joint Trusteed Benefit Fund, a not-for-profit insurance advisor that offers benefits to non-profit organizations, is joining the Colleges of Applied Arts and Technology pension plan. “OJTBF chose the CAAT pension plan to ensure that our valued employees can build a solid and sustainable retirement foundation while never losing sight of why we exist, […]

  • By: Staff
  • September 1, 2022 September 6, 2022
  • 13:30

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 […]