An article on an Ontario judges’ association’s lawsuit against their pension plan sponsor was the most-read article on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Ontario judges’ group sues pension plan sponsor to prevent investments in derivatives 2. Survey finds Canadians […]
In its 2026 budget, the Quebec government said it intends to enhance the appeal of voluntary retirement savings plans amid low uptake of the savings vehicle. This includes the introduction of a minimum contribution rate of two per cent of salary and the possibility of closing inactive accounts in certain situations, according to a statement […]
In its sophomore year under the Employee Savings Survey banner, Benefits Canada’s annual check in with plan members about their financial priorities and the condition of their workplace savings journeys dove deeper into the demographic data. In a virtual panel discussion on March 30, industry experts shared their views on the 2026 results by exploring the […]
Canadian plan members reported a significant drop in the amount they believe they need to retire — from roughly $1.4 million in 2023, 2024 and 2025 to $976,835 in 2026, according to Benefits Canada’s 2026 Employee Savings Survey. The survey, which polled 500 Canadian savings plan members, also found younger and middle-aged respondents reported requiring […]
While the percentage of plan members who describe their personal financial situation as significantly or somewhat better than last year decreased from 42 per cent in 2025 to 34 per cent, the percentage that describe it as significantly worse or somewhat worse has also dropped, from 26 per cent last year to 22 per cent, […]
In its 2026 budget on Thursday, the Ontario government proposed doubling the pension benefits guarantee fund’s monthly guarantee limit from $1,500 to $3,000 for all eligible plan beneficiaries, the largest increase since the PBGF was created in 1980. It cited a recent review of the PBGF that found the fund had $1.3 billion in net […]
Methodology improvements are pushing the life expectancy of Canadian retirees and surviving spouses by roughly one year to age 65 as of Jan. 1, 2024, according to new report from the Canadian Institute of Actuaries. It noted this increase in life expectancy means there will be an approximate increase of two per cent to three […]
On average, women retire with 27 per cent less savings than men, according to a new report from Sun Life Financial Inc. The report, based on two surveys of members in workplace retirement savings plans administered by Sun Life, found women are consistently underutilizing these plans, despite living longer and spending more years in poorer […]
An article on the structural barriers Indigenous women continue to face in workplace retirement plans and benefits programs was the most-read article on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Indigenous women face persistent barriers to workplace retirement, benefits plans: expert 2. […]
An article on Derek Dobson’s departure from the Colleges of Applied Arts and Technology’s pension plan was the most-read article on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. CAAT CEO departing following leadership crisis, paying back $1.6 million vacation payout 2. […]