While Canada ranks No. 21 out of 146 countries for women’s labour force participation, its wage equality ranking sits at No. 52, according to a new report by the World Economic Forum. It found Canada’s gender pay gap was roughly 17 per cent in comparison to other Organisation for Economic Co-operation and Development member countries. […]
At the beginning of April, the OPSEU Pension Trust made a change to a definition in its plan text that will have meaningful implications for plan members with disabled children who need to continue to rely on their parents into adulthood. The organization expanded the definition of a child eligible for survivor benefits to include […]
Since employers play a key role in supporting pension growth, policy-makers should consider their involvement when implementing pension reforms, according to a new report by the Organisation for Economic Co-operation and Development. The report found OECD member countries can optimize employer involvement by reducing financial and administrative barriers that prevent employers from establishing pension plans, […]
Dynamic pension pools can have a significant and positive impact on retirement outcomes if they’re supported by the appropriate legislative changes, said Barbara Sanders, associate professor in statistics and actuarial science at Simon Fraser University, during a session at Benefits Canada‘s 2022 DC Plan Summit. The University of British Columbia has a dynamic pension pool […]
While Canada ranks No. 31 out of 145 countries for women’s labour force participation, its wage equality ranking sits at No. 71, according to a new report by the World Economic Forum. It found Canada’s gender pay gap is roughly 16 per cent in comparison to other Organisation for Economic Co-operation and Development member countries. […]
While the coronavirus pandemic has taken a heavy toll among the elderly, retirees have seen their pension payments and entitlements well protected in Canada and other member countries of the Organisation for Economic Co-operation and Development, according to a new report from the organization. The average retirement age in Canada is 63.9 years for men […]
The Federal Reserve expects to keep its benchmark interest rate pegged near zero at least through 2023 as it strives to accelerate economic growth and drive down the unemployment rate. The central bank also said Wednesday that it will seek to push inflation above two per cent annually. The Fed left its benchmark short-term rate […]
The only finance minister to serve under Prime Minister Justin Trudeau suddenly resigned Monday night, saying someone else should guide the country through a long and bumpy economic recovery from the coronavirus pandemic. Bill Morneau said he had considered leaving his role as finance minister for some time, adding that he never intended to run […]
In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizeable half-percentage point Tuesday in an effort to support the economy in the face of the spreading coronavirus. Chairman Jerome Powell said at a news conference that the virus “will surely weigh on economic activity both here and abroad for some […]
\MSCI Inc. and the Organization for Economic Co-operation and Development have collaborated on a joint research paper to facilitate discussions about how institutional investors can implement the UN’s sustainable development goals in their strategies. There are 17 sustainable development goals that aim to deal with challenges including climate change, income inequality and sustainable consumption. The target delivery dates […]