public pension plans – 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 Survey finds 95% of U.S. public pension funds employ investment consultants https://www.benefitscanada.com/canadian-investment-review/research-markets/95-of-u-s-public-pension-funds-employ-investment-consultants-survey/ Fri, 26 Apr 2024 19:45:21 +0000 https://www.benefitscanada.com/?p=154816 More than 95 per cent of U.S. public pension funds employ at least one investment consultant, according to a new survey by Coalition Greenwich. The survey, which polled 708 individuals across 575 U.S. institutional investors with assets greater than US$150 million, found there has been a significant increase in the services of investment consultants, as […]

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]]> U.S. public pension plans’ average funding ratio declines to 75.4% in 2023: survey https://www.benefitscanada.com/canadian-investment-review/research-markets/u-s-public-pension-plans-average-funding-ratio-declines-to-75-4-in-2023-survey/ Thu, 22 Feb 2024 16:00:35 +0000 https://www.benefitscanada.com/?p=152062 The average funding ratio for U.S. public pension plans declined to 75.4 per cent in 2023, compared to 77.8 per cent in the previous year, according to a new survey by the National Conference on Public Employee Retirement Systems. The report, which was based on responses from nearly 160 public pension funds with roughly US$2.3 […]

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]]> Public DB pensions key to supporting women, BIPOC workers in retirement: report https://www.benefitscanada.com/pensions/defined-benefit-pensions/public-db-pensions-key-to-supporting-women-bipoc-workers-in-retirement-report/ Mon, 18 Sep 2023 19:00:40 +0000 https://www.benefitscanada.com/?p=143602 Public defined benefit pension plans can play a critical role in delivering adequate retirement income for U.S. retirees, while providing a key buffer against economic hardship for women, the Black, Indigenous and people of colour communities and workers without a college degree, according to a new report by the National Institute on Retirement Security and […]

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]]> U.S. public DB pension plans’ funded ratio continues to increase: report https://www.benefitscanada.com/canadian-investment-review/db-investments/u-s-public-db-pension-plans-funded-ratio-continues-to-increase-report/ Tue, 05 Sep 2023 16:08:34 +0000 https://www.benefitscanada.com/?p=142905 The funded ratio of the 100 largest U.S. public defined benefit pension plans increased to 76.8 per cent as of July 31, up from 75.8 per cent at the end of June, according to a new report by consulting firm Milliman Inc. It found a second consecutive month of positive market performance drove this result, […]

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]]> Spain’s unions back government public pension reform https://www.benefitscanada.com/pensions/governance-law/spains-unions-back-government-public-pension-reform/ Thu, 16 Mar 2023 13:00:43 +0000 https://www.benefitscanada.com/?p=135344 Spain’s left-wing government won the backing of unions to reform the nation’s public pension system on Wednesday, in stark contrast with neighbouring France, where plans to raise the retirement age have led to waves of strikes and mass protests. The leaders of Spain’s two main labour unions, UGT and CC.OO., appeared alongside Minister of Social Security […]

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]]> My Take: Closing the retirement savings gap in the BIPOC community https://www.benefitscanada.com/pensions/retirement/my-take-closing-the-retirement-savings-gap-in-the-bipoc-community/ Wed, 29 Dec 2021 14:00:48 +0000 https://www.benefitscanada.com/?p=114088 It’s no secret there’s a looming retirement savings gap among Indigenous and racialized Canadian seniors and their white counterparts. Indeed, a June 2021 study by the Canadian Centre for Policy Alternatives found data from the 2016 census showed white seniors’ income from private pension sources — such as registered pension plans and registered retirement savings […]

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]]> Top 5 HR, pension and benefits stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-pension-and-benefits-stories-of-the-week-7/ Fri, 12 Nov 2021 14:00:16 +0000 https://www.benefitscanada.com/?p=111379 Stories delving into how employers and employees are dealing with returning to the workplace dominated the top stories over the past week on BenefitsCanada.com, with three of the five stories focusing on this timely topic. Here are the five most popular news stories of the week: 1. RBC focusing on mental health as hybrid work model rolls out 2. SAP […]

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]]> Indigenous, racialized seniors have less retirement security: report https://www.benefitscanada.com/pensions/retirement/indigenous-racialized-seniors-have-less-retirement-security-report/ Wed, 16 Jun 2021 13:00:39 +0000 https://www.benefitscanada.com/?p=102193 Indigenous and racialized seniors have less retirement security and higher poverty rates than white seniors in Canada, according to a new report by the Canadian Centre for Policy Alternatives. Based on data from the 2016 census, the report found Indigenous seniors have an average income of $32,200 and a poverty rate of 21.5 per cent, […]

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]]> Ontario Teachers’ facing pressure to divest from fossil fuels https://www.benefitscanada.com/pensions/governance-law/ontario-teachers-facing-pressure-from-students-to-divest-from-fossil-fuels-2/ https://www.benefitscanada.com/pensions/governance-law/ontario-teachers-facing-pressure-from-students-to-divest-from-fossil-fuels-2/#respond Fri, 08 Jan 2021 05:15:24 +0000 https://cumulus.benefitscanada.com/uncategorized/ontario-teachers-facing-pressure-from-students-to-divest-from-fossil-fuels-2/ An environmental coalition is appealing to Ontario teachers to pressure their pension fund to divest from companies that develop or transport fossil fuel products. In a four-minute YouTube video, a group of students from across Ontario read a letter to their teachers, asking them to push the Ontario Teachers’ Pension Plan to stop investing their […]

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]]> https://www.benefitscanada.com/pensions/governance-law/ontario-teachers-facing-pressure-from-students-to-divest-from-fossil-fuels-2/feed/ 0 Public sector union reiterating call for the PSP to ‘pull out’ of all long-term care investments https://www.benefitscanada.com/news/bencan/public-sector-union-pressuring-psp-to-pull-out-of-all-long-term-care-investments-2/ https://www.benefitscanada.com/news/bencan/public-sector-union-pressuring-psp-to-pull-out-of-all-long-term-care-investments-2/#respond Fri, 11 Dec 2020 05:00:02 +0000 https://cumulus.benefitscanada.com/uncategorized/public-sector-union-pressuring-psp-to-pull-out-of-all-long-term-care-investments-2/ The Public Service Alliance of Canada is reiterating a call for its pension investment manager to divest its ownership in Revera Inc. over the company’s safety record during the coronavirus pandemic, saying the fund should “pull out of the business of long-term care” altogether. The public sector union, which represents 140,000 public sector pension plan members, first said […]

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