Keyword: retirement savings plans

29 results found

As world markets contend with supply chain issues stemming from climate change, the coronavirus pandemic and Russia’s invasion of Ukraine, environmental, social and governance considerations are slowly taking a more prominent role in pension funds’ risk assessments. In particular, Canadian pension funds are taking a progressive approach to ESG investing. Many have become signatories of […]

More than two-thirds (68 per cent) of U.S. employees say they’re more likely to stay longer at their current job if their employer offers financial wellness benefits, according to a new survey by software platform TalentLMS. The survey, which polled 1,000 employees, found 73 per cent said their employer offers financial wellness benefits. The top […]

  • By: Staff
  • November 16, 2022 November 17, 2022
  • 15:00

Alongside the steady decline of defined benefit pension coverage in Canada, defined contribution plans have seen a massive growth — “a secular shift of responsibility onto the individual when it comes to retirement security in Canada,” according to Preet Banerjee, a personal finance expert, during Benefits Canada’s 2022 DC Investment Forum in late September. He called […]

Editorial

The first issue of Benefits Canada hit the desks of the country’s human resources, benefits, pension and investment professionals in 1977, four years before I was born. That same year, Canada’s inflation rate was eight per cent, very close to July 2022’s annualized inflation rate of 7.6 per cent. A lot has changed in 45 […]

As Canadians face continued economic uncertainty, a recent university graduate and a long-time teacher share their views on balancing different financial priorities. Sul Mahmood, age 24, a product specialist at OpenPhone Technologies Inc. Canadians should be saving for a combination of retirement and other financial priorities. If there’s anything I know (and from all the […]

  • By: Leah Golob
  • October 14, 2022 October 14, 2022
  • 08:59
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Married women are more likely to say they’re confident they’ll have enough money to live comfortably throughout their retirement years than both divorced and single, never-married women, according to a new survey by the U.S.-based Employee Benefit Research Institute. It found married women (80 per cent) are more likely to have a workplace retirement savings […]

  • By: Staff
  • September 7, 2022 September 7, 2022
  • 09:00
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The vast majority (90 per cent) of low to moderate income workers say they’d open a long-term savings account if they were offered incentives, according to a new survey by the Defined Contribution Institutional Investment Association and non-profit organization Commonwealth. The survey, which polled nearly 1,000 employees living on low to moderate incomes, found most respondents […]

  • By: Staff
  • August 23, 2022 August 23, 2022
  • 09:00
Furloughed WestJet workers demand clarity on wage subsidy program amid pay cut

The union representing nearly 800 employees at Calgary and Vancouver airports has ratified a first contract that includes retirement and benefits gains. The contract cements the continuation of the airline’s employee savings plan, which permits contributions to either a cash savings plan, a group registered retirement savings plan or a group tax-free savings account. Employee contributions […]

While more than half (58 per cent) of employees within 10 years of retirement are contributing to retirement savings, only about a third (30 per cent) have established a thorough financial plan, according to a new survey by Age Wave and Edward Jones Canada. The survey, which polled more than 1,000 Canadians aged 45 or […]

  • By: Staff
  • July 12, 2022 July 11, 2022
  • 09:00

Pension and retirement plan members in Saskatchewan can now designate beneficiaries through electronic means. The provincial government recently passed a series of amendments regarding the electronic handling of legal matters. Bill 56 specifically allows individuals to name beneficiaries electronically for certain types of plans including an employee pension, retirement, welfare or profit-sharing fund or plan, […]

  • By: Staff
  • May 27, 2022 May 27, 2022
  • 15:00