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Keyword: Hybrid pension plans

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Copyright_Vadym Malyshevskyi_123RF

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
Copyright_Mikhail Tsikhanovich_123RF

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 […]

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 […]

Copyright_Sergey Breev_123RF

The union representing Via Rail Canada Inc. employees has ratified a new agreement that will increase employer contributions for members of the company’s hybrid pension plan. The new two-year contract covers 1,700 employees at Via Rail and removes age and service conditions that determined the employer match percentage for optional contributions made by plan members […]

  • By: Staff
  • April 12, 2021 April 26, 2021
  • 09:00
18225244 123RF

The Royal Mail Group Ltd. will soon make history in the United Kingdom by becoming the first employer to sponsor an entirely new type of pension plan, called a collective defined contribution scheme. Under the U.K.’s Pension Schemes Act 2021, which received royal assent in February, collective DC pensions will essentially be a hybrid of […]

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, […]

GM Canada, Unifor agreement covers DB pension changes

The union representing General Motors of Canada Co. employees in Ontario have ratified a new three-year collective agreement that removes changes to a legacy defined benefit plan as part of ongoing pension discussions. The deal restores the legacy DB plan by removing a member contribution requirement and a 30-year cap on credited service introduced in […]