pension reform – 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 focusing on target-benefit framework for MEPPs, sustainability of PBGF in 2024-25 annual plan https://www.benefitscanada.com/pensions/governance-law/fsra-focusing-on-target-benefit-framework-for-mepps-sustainability-of-pbgf-in-2024-25-annual-plan/ Wed, 17 Apr 2024 13:00:25 +0000 https://www.benefitscanada.com/?p=154330 In its 2024-25 annual plan, the Financial Services Regulatory Authority of Ontario is focusing on assessing and mitigating systemic and high-priority risks in the province’s defined benefit pension plan sector. The regulatory body will review and enhance its supervisory framework to strengthen supervision of large public sector pension plans, ensuring its plan amendments and surplus […]

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]]> Just 22% of Albertans support CPP withdrawal, creation of provincial pension plan: survey https://www.benefitscanada.com/pensions/governance-law/just-22-of-albertans-support-cpp-withdrawal-creation-of-provincial-pension-plan-survey/ Tue, 30 Jan 2024 14:00:38 +0000 https://www.benefitscanada.com/?p=151281 Just a fifth (22 per cent) of Albertans say they support the province’s plan to leave the Canada Pension Plan in favour of a provincial plan, down from 27 per cent last October, according to a new survey by Leger Marketing Inc. The survey, which polled more than 1,000 Albertans, found while 40 per cent […]

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]]> Ontario civil servants noting flaws in Alberta’s CPP portion calculations: report https://www.benefitscanada.com/pensions/governance-law/ontario-civil-servants-noting-flaws-in-albertas-cpp-portion-calculations-report/ Thu, 25 Jan 2024 14:00:09 +0000 https://www.benefitscanada.com/?p=151094 Ontario civil servants are questioning the methodology used in a report that determined how much money Alberta could extract from the Canada Pension Plan if the province were to leave the CPP and launch its own plan, according to reporting by the Edmonton Journal. In a series of briefs, the Ontario Ministry of Finance outlined several inconsistencies […]

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]]> Top 10 investment stories of 2023 https://www.benefitscanada.com/news/bencan/top-10-investment-stories-of-2023/ Thu, 21 Dec 2023 14:00:52 +0000 https://www.benefitscanada.com/?p=149405 A story on how the federal government is considering ending Canada’s ’30 per cent rule’ was the most-read investment story on BenefitsCanada.com this year. Here are the 10 most popular investment news stories of 2023: 1. Feds consider end of ‘30% rule’ for pensions, propose EI adoption benefit: fall economic statement 2. Uptick in U.S. commercial office real estate […]

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]]> U.K. CAP reforms could reduce pension quality, create administrative challenges: expert https://www.benefitscanada.com/pensions/cap/u-k-cap-reforms-could-reduce-pension-quality-create-administrative-challenges-expert/ Wed, 20 Dec 2023 14:00:01 +0000 https://www.benefitscanada.com/?p=149257 A recent development in the U.K. pension market to give British workers a ‘pot for life’ could reduce the quality of retirement plans that are already in place and create administrative challenges, says Adam Bexson, senior corporate pension consultant at Verlingue Ltd. Currently, plan members are automatically enrolled into a retirement plan chosen by their employer, […]

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]]> Top 10 pension stories of 2023 https://www.benefitscanada.com/news/bencan/top-10-pension-stories-of-2023/ Mon, 18 Dec 2023 14:00:58 +0000 https://www.benefitscanada.com/?p=148984 A survey on the retirement readiness of Canadian workers and a looming retirement crisis was the most-read pension story on BenefitsCanada.com this year. Here are the 10 most popular pension news stories of 2023: 1. Survey finds 44% of Canadian pre-retirees have less than $5,000 in savings 2. Ford, Unifor agreement includes significant DC pension improvements, transition to […]

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]]> Alberta government rejects amendments to CPP exit legislation https://www.benefitscanada.com/pensions/governance-law/alberta-government-rejects-amendments-to-cpp-exit-legislation/ Mon, 11 Dec 2023 14:00:14 +0000 https://www.benefitscanada.com/?p=148595 Premier Danielle Smith’s government has rejected a proposal that would have compelled it to respect the results of a referendum on whether Alberta should quit the Canada Pension Plan. On Dec. 6, the United Conservative Party’s majority government voted down an opposition amendment to Bill 2 — the Alberta Pension Protection Act — by the […]

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]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-63/ Fri, 01 Dec 2023 14:00:54 +0000 https://www.benefitscanada.com/?p=148089 An article on how Desjardins Insurance is supporting employee financial wellness was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Desjardins using budget workshops, interactive game to support employee financial wellness 2. Canadian employers implementing four-day workweek note increased worker happiness, productivity: report 3. OPB appointing Darwin […]

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]]> Alberta premier quiet on reason for abandoning promised in-person CPP exit consults https://www.benefitscanada.com/pensions/governance-law/alberta-premier-quiet-on-reason-for-abandoning-promised-in-person-cpp-exit-consults/ Mon, 27 Nov 2023 14:00:35 +0000 https://www.benefitscanada.com/?p=147717 Alberta Premier Danielle Smith won’t say what happened to her government’s promise to hold face-to-face meetings with citizens in December on quitting the Canada Pension Plan. However, thousands of citizens got their say or tuned in to five recent telephone town hall consultations, she said during a house question period last week, noting nearly 100,000 […]

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]]> Former federal finance minister defends ‘sustainably successful’ CPP amid Alberta pension exit plan https://www.benefitscanada.com/pensions/governance-law/former-federal-finance-minister-defends-sustainably-successful-cpp-amid-alberta-pension-exit-plan/ Tue, 21 Nov 2023 16:00:24 +0000 https://www.benefitscanada.com/?p=147443 Former federal finance minister Bill Morneau is standing up for the Canadian Pension Plan, calling it a uniquely successful investment organization that won’t be easily recreated by the Alberta provincial government if it’s successful in its attempt to leave the federal plan. Speaking at the Portfolio Management Association of Canada’s national conference last week, he […]

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