pension plan management – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 26 Apr 2024 20:02:31 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 FSRA introducing whistleblower program to identify misconduct in pensions, financial services sectors https://www.benefitscanada.com/pensions/governance-law/fsra-introducing-whistleblower-program-to-identify-misconduct-in-pensions-financial-services-sectors/ Thu, 05 May 2022 13:00:31 +0000 https://www.benefitscanada.com/?p=120644 The Financial Services Regulatory Authority of Ontario is introducing a whistleblower program to more effectively identify misconduct in the pensions and non-securities financial services sectors. The program will apply to any individual or entity who comes forward in good faith with valuable, timely and non-public/insider information related to an alleged or intended contravention in any […]

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]]> Survey finds 62% of U.S. DB plan sponsors seeking to exit their plans https://www.benefitscanada.com/pensions/defined-benefit-pensions/62-of-u-s-db-plan-sponsors-seeking-to-exit-their-plans-survey/ Fri, 11 Mar 2022 20:00:32 +0000 https://www.benefitscanada.com/?p=118114 Almost two-thirds (62 per cent) of U.S. defined benefit plan sponsors are seeking to exit their plans, while 33 per cent are looking to achieve self-sufficiency and just five per cent are planning to keep their plans open, according to a survey by State Street Corp. Among DB plan sponsors eyeing an exit, the survey […]

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]]> OPTrust allowing plan members temporarily working part time to earn full pension service https://www.benefitscanada.com/pensions/defined-benefit-pensions/optrust-allowing-plan-members-temporarily-working-part-time-to-earn-full-pension-service/ Tue, 08 Feb 2022 14:00:32 +0000 https://www.benefitscanada.com/?p=116228 The OPSEU Pension Trust is allowing its plan members to earn full pension service if they temporarily reduce their working hours. The changes were made to support members who participate in flexible working arrangements so they can maximize their pension. Members who enter into a temporary part-time work arrangement on or after Feb. 1, 2022 […]

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]]> New surveys highlight discrepancies in retirement readiness https://www.benefitscanada.com/pensions/retirement/new-surveys-highlight-discrepancies-in-retirement-readiness/ Tue, 28 Sep 2021 13:00:20 +0000 https://www.benefitscanada.com/?p=108517 About a third (36 per cent) of working Canadians and 21 per cent of retirees aren’t confident how much money their retirement income sources will provide them in the future, according to a new survey by Mackenzie Investments. Fortunately, a majority (79 per cent) of retirees said they’re very or somewhat confident their retirement income sources will […]

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]]> University Pension Plan tackling ESG issues by joining 30% Club, CCGG and SHARE https://www.benefitscanada.com/pensions/defined-benefit-pensions/university-pension-plan-tackling-esg-issues-by-joining-30-club-ccgg-and-share/ Fri, 16 Jul 2021 19:00:40 +0000 https://www.benefitscanada.com/?p=104130 The newly minted University Pension Plan is tackling environmental, social and governance issues head on by partnering with the 30% Club, Canadian Coalition for Good Governance and Shareholder Association for Research and Education. Read: University Pension Plan launches multi-employer DB pension plan Joining the 30% Club will help the UPP make greater representation of women on […]

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]]> Three employers joining CAAT’s DBplus pension https://www.benefitscanada.com/news/bencan/three-employers-joining-caats-dbplus-pension/ Thu, 24 Jun 2021 13:00:17 +0000 https://www.benefitscanada.com/?p=102741 The New Digital Research Infrastructure Organization, the Ontario Dental Association and its subsidiary Accerta are joining the Colleges of Applied Arts and Technology’s DBplus pension plan. The not-for-profit organization, dental association and health-care program administrator all recently transferred to the pension plan from group registered retirement savings plans. “The talent that we’re trying to attract typically […]

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]]> Pride Month: CN Rail dispute ‘catalyst’ for same-sex pension plan policy reviews https://www.benefitscanada.com/pensions/governance-law/pride-month-cn-rail-dispute-catalyst-for-same-sex-pension-plan-policy-reviews/ Fri, 18 Jun 2021 13:00:34 +0000 https://www.benefitscanada.com/?p=102243 While a recent dispute between the Canadian National Railway Co. and the surviving same-sex partner of a deceased plan member will likely inspire other plan sponsors to ensure pension benefits are correctly distributed, the amount of new claimants coming forward will likely be relatively small, says Jill Wagman, managing principal at Eckler Ltd. “It may […]

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]]> DOJ suing to block Aon’s US$30BN acquisition of Willis Towers Watson https://www.benefitscanada.com/news/bencan/doj-suing-to-block-aons-us30bn-acquisition-of-willis-towers-watson/ Thu, 17 Jun 2021 13:15:35 +0000 https://www.benefitscanada.com/?p=102287 U.S. President Joe Biden’s administration is suing to block the merger of two of the world’s largest insurance brokers, asserting the deal could eliminate competition, raise prices and hamper innovation for American businesses, employers and unions that use the companies’ services. On Wednesday, the U.S. Department of Justice announced the antitrust suit filed in federal […]

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]]> Canadian pension funds calling for co-ordinated world response to climate crisis https://www.benefitscanada.com/news/bencan/canadian-pension-funds-calling-for-co-ordinated-world-response-to-climate-crisis/ Tue, 15 Jun 2021 13:00:24 +0000 https://www.benefitscanada.com/?p=102134 A number of Canadian institutional investors, including the British Columbia Investment Management Corp., the British Columbia Municipal Pension Plan, the Caisse de dépôt et placement du Québec and the Investment Management Corp. of Ontario, are among 457 signatories of a statement calling on governments around the globe to take accelerated action to combat the climate […]

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]]> 2021 BPS coverage: Integrating benefits and pension plans a win-win for employers, employees https://www.benefitscanada.com/news/bencan/2021-bps-coverage-integrating-benefits-and-pension-plans-a-win-win-for-employers-employees/ Thu, 03 Jun 2021 13:00:46 +0000 https://www.benefitscanada.com/?p=101517 By integrating their benefits and pension plans, employers can fulfill their plan objectives while creating a better experience for plan members, said Christine van Staden, regional vice-president of group customer and national accounts at Canada Life Assurance Co., during Benefits Canada’s 2021 Benefits & Pension Summit. “This is a trend we’re seeing more of in […]

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