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Keyword: Pension plan management

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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Railway Co. is amending its pension policy after awarding benefits to a widower who was initially denied because of an outdated rule regarding same-sex couples.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
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The Nova Scotia Teachers’ Pension Plan returned 6.78 per cent in 2020, increasing net assets to $5.519 billion, but falling short of the policy benchmark of 7.96 per cent. The plan did outperform the actuarial assumed rate of return of 5.70 per cent.  “Like many pension plans across the country impacted by COVID-19, we saw […]

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The majority (72 per cent) of Canadian pension funds said they’re currently focused on consolidation options that offer greater certainty they’ll be able to meet their liabilities, according to a survey by CIBC Mellon. It also found 50 per cent of pension funds surveyed plan on implementing consolidation plans over the next three to five […]

  • By: Staff
  • May 3, 2021 May 6, 2021
  • 09:00

The Conference Board of Canada’s 150 group plan members are joining the College of Applied Arts and Technology’s defined benefit pension plan. Effective June 1, The Conference Board will be the latest non-profit organization to join the CAAT’s DBplus plan. Other non-profits that joined the plan recently include: St. John Ambulance, the Northwest Community Legal Clinic, […]

  • By: Staff
  • April 29, 2021 April 29, 2021
  • 15:00
Copyright_Mikhail Tsikhanovich _123RF

The Alberta Teachers’ Association is taking legal action against the recent ministerial order enacted on several of the province’s pension plans, including the Alberta Teachers’ Retirement Fund. In documents submitted to court on March 10, the association argues the terms and conditions imposed in Finance Minister Travis Toews’ order are inconsistent with the province’s Teachers’ […]

  • By: Staff
  • March 19, 2021 March 19, 2021
  • 09:00
Copyright_Vadym Malyshevskyi_123RF

Approximately 500 members of the St. John Ambulance pension plan are joining the Colleges of Applied Arts and Technology pension plan’s DBplus arrangement. The not-for-profit organization’s pension plan is comprised of an ongoing defined contribution plan and a defined benefit plan that was closed at the end of 2014, according to a press release. The […]

  • By: Staff
  • March 18, 2021 March 19, 2021
  • 15:00

Alberta Premier Jason Kenney says his government will make a decision this spring on whether to pursue pulling Alberta out of the Canada Pension Plan. But Kenney says even if the United Conservative government proceeds, Albertans will have the final say through a referendum on whether to create an Alberta Pension Plan. Treasury Department officials […]

Irshaad Ahmad is now serving as Canada Post Corp.’s chief investment officer and vice-president of the Crown corporation’s pension fund. He joined Canada Post in February and brings more than 30 years of investment experience to the role, after serving as managing director and head of institutional Europe at Allianz Global Investors. Prior to that, […]

  • By: Staff
  • March 10, 2021 March 16, 2021
  • 09:00
Copyright_Marko Kujavic_123RF

Canadian pension funds are seeing significant cost savings from in-house asset management but are still relying on external managers, according to a new survey from CIBC Mellon. It found among funds that have taken asset management in-house, 66 per cent said they achieved savings. Of those, 91 per cent reported more than 10 per cent […]

  • By: Staff
  • March 3, 2021 March 3, 2021
  • 09:00
Sanofi joining CAAT’s DBplus pension

Two unions representing nearly 1,000 employees of Sanofi Canada are joining the Colleges of Applied Arts and Technology’s DBplus pension plan. Both Unifor Local 1701 and the International Union of Operating Engineers Local 772 will join the plan effective April 1, according to a press release, which noted the company is joining the multi-employer plan […]

  • By: Staff
  • February 12, 2021 February 26, 2021
  • 09:00