Home public sector pension plans

Keyword: public sector pension plans

5 results found

Members of Puerto Rico’s public sector pension plans are facing a benefits freeze and the transformation of their defined benefits plans to defined contribution plans. The decision to cut changed the plans was made as a result of an ongoing financial crisis in the most populous U.S. territory. After it defaulted on bonds in 2014, politicians […]

  • By: Staff
  • January 6, 2022 January 6, 2022
  • 13:45
Copyright_jovannig_123RF

The economic activity from the operations of Canada’s public sector pension plans, as well as retirees spending their income from those plans, supports 877,100 jobs and 55,500 businesses, with $33.1 billion in annual wages and $21.4 billion in tax revenue, according to a new report. The report, released by the Canadian Centre for Economic Analysis and […]

  • By: Staff
  • November 5, 2021 November 5, 2021
  • 15:00
Copyright_yavdat1_123RF

More than 125,000 Canadians became active members in a registered pension plan in 2019, according to a new report by Statistics Canada. It found the number of active members was up two per cent from 2018 to just over 6.5 million. Women accounted for more than three-quarters of the increase in new memberships — up 97,500 from 2018 to 3.3 million — while about 28,000 more men joined […]

  • By: Staff
  • July 7, 2021 July 7, 2021
  • 15:00

Alberta’s public-sector pension plans are reassuring members that their pensions are safe, following a recent ministerial order enacted by the provincial government. The order was enacted in late December by Alberta Finance Minister Travis Toews after 2020 deadlines for investment management agreements between the pensions and the Alberta Investment Management Corp. passed with no result. […]

  • By: Staff
  • January 21, 2021 April 14, 2021
  • 09:46
Emptying the Pension Pot of Gold

Ireland taps retirement benefits to deal with debt.

  • June 15, 2011 September 13, 2019
  • 09:59