Sustainability is a clichéd, overused word in the DB pension plan arena these days. Sustainability focuses on delivering an appropriate retirement benefit at an acceptable cost. In some ways, sustainability is a way to cloud the real issue: it always seems to come back to affordability.
Fitch has downgraded the state of Illinois’s credit rating one notch to A- after legislators were unable to pass public pension reforms last week.
The European Commission has ordered France to revamp its pension program and cut spending to address its budget deficit.
BlackRock CEO Larry Fink believes the United States government needs to do more to encourage Americans to save, including creating a mandatory savings program in addition to social security.
The 2013 Ontario budget proposes introducing pooled registered pension plans in the province.
The industry had positive things to say about the expert committee on the future of the Quebec retirement system, led by Alban D’Amours.
A new longevity pension for those over 75 and reformed direct benefit plans are at the heart of proposals to ensure all Quebeckers have sufficient retirement income.
Public-sector workers at the federal, provincial, and municipal level across Canada were more likely to have a registered pension plan and higher wages than their private-sector counter parts in 2011, a new report from the Fraser Institute reveals.
Any pooling of Ontario public sector pension assets must be carried out in a carefully planned manner if members are to realize benefits from such an arrangement, according to a statement from the College and University Retiree Associations of Canada/Associations de retraités des universités et collèges du Canada [CURAC/ARUCC].
A unique aspect of Canada’s private pension system is that the responsibility for regulatory oversight falls primarily within the provincial domain, with the federal government having jurisdiction over minimum standards for certain industries (e.g., transportation and banking). The result is a diverse and relatively complex regulatory framework for employer-sponsored plans. Over the years, many stakeholders […]