racial pension gap – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 17 May 2024 19:40:42 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 What can Canadian DC plans learn from U.S. pension legislation? https://www.benefitscanada.com/events/conference-coverage/what-can-canadian-dc-plans-learn-from-u-s-pension-legislation/ Fri, 10 May 2024 11:52:09 +0000 https://www.benefitscanada.com/?p=154823 Features such as automatic enrolment in 401(k) savings plans are helping U.S. employees become retirement ready, said Mark Iwry, a non-resident senior fellow at the Brookings Institution and a former senior advisor to the U.S. Secretary of the Treasury for national retirement and health policy, during a session at Benefits Canada’s 2024 Defined Contribution Plan […]

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]]> Black, Hispanic American workers’ contributions to employer-sponsored retirement plans 40% lower than white workers’: study https://www.benefitscanada.com/pensions/retirement/black-hispanic-american-workers-contributions-to-employer-sponsored-retirement-plans-40-lower-than-white-workers-study/ Wed, 21 Feb 2024 14:00:29 +0000 https://www.benefitscanada.com/?p=152150 The average rate of contribution by U.S. Black and Hispanic workers to employer-sponsored retirement plans is roughly 40 per cent lower than that of white workers, according to a new working paper by the Massachusetts Institute of Technology’s Sloan School of Management. The paper examined responses from more than 12 million respondents aged 24 to […]

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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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