Keyword: retirement savings

174 results found
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The Quebec government’s removal of the maximum annual amount that can be paid to people aged 55 and older with a variable benefit account tied to a defined contribution pension plan or with a life income fund is part of a broader push to provide retirees with more flexibility to draw on their locked-in retirement savings […]

While the vast majority (91 per cent) of Canadian workers say they’re saving for retirement, just 69 per cent are confident they’re saving enough, according to a survey by LIMRA. The survey, which polled more than 1,500 retirees and employees aged 40 to 85 years old with at least $100,000 in household investable assets, found fewer […]

  • By: Staff
  • January 29, 2024 January 26, 2024
  • 09:00

More than two-fifths (45 per cent) of U.S. defined contribution pension plan sponsors say they’re considering implementing emergency savings features, according to a survey from MFS Investment Management. The survey, which polled 1,000 DC plan members and more than 140 plan sponsors, found nearly a quarter (23 per cent) of plan sponsors said they’d take […]

  • By: Staff
  • January 23, 2024 January 23, 2024
  • 15:00
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An article on how the federal government should ensure its new Canadian Dental Care Plan doesn’t displace existing employer-sponsored dental coverage was the most-read story on BenefitsCanada.com. Here are the top five human resources, benefits, pension and investment stories of the past week: 1. Tax credit could ensure national dental-care plan doesn’t displace employer-sponsored coverage: expert […]

  • By: Staff
  • January 19, 2024 January 18, 2024
  • 09:00

More than half (53 per cent) of Canadian retirees say they’re receiving, or will receive, less than $50,000 in annual retirement income from their employer-sponsored pension plan, according to a survey by the Ontario Securities Commission. It found just 19 per cent of retirees with employer-sponsored pension plans said they expect to receive between $50,000 […]

  • By: Staff
  • January 16, 2024 January 16, 2024
  • 15:00
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A story about why employers might want to reconsider urging employees to use up their benefits was the most-read story on BenefitsCanada.com this week. Here are the top five human resources, benefits, pension and investment stories of the past week. 1. Expert warns against urging employees to use up benefits by end of year 2. Worker demand […]

  • By: Staff
  • December 22, 2023 December 21, 2023
  • 09:00

A recent development in the U.K. pension market to give British workers a ‘pot for life’ could reduce the quality of retirement plans that are already in place and create administrative challenges, says Adam Bexson, senior corporate pension consultant at Verlingue Ltd. Currently, plan members are automatically enrolled into a retirement plan chosen by their employer, […]

  • By: Sadie Janes
  • December 20, 2023 December 19, 2023
  • 09:00
Copyright_Romolo Tavani_123RF

After closing its defined benefit pension plan nearly two decades ago and replacing it with a less riskier defined contribution plan, International Business Machines Corp. is launching a new retirement benefit account that allows its U.S. employees to have the best of both worlds. Last week, the company ceased its 401(k) matching and one per […]

A survey on the retirement readiness of Canadian workers and a looming retirement crisis was the most-read pension story on BenefitsCanada.com this year. Here are the 10 most popular pension news stories of 2023: 1. Survey finds 44% of Canadian pre-retirees have less than $5,000 in savings 2. Ford, Unifor agreement includes significant DC pension improvements, transition to […]

  • By: Staff
  • December 18, 2023 December 18, 2023
  • 09:00

Since this month’s editorial is my farewell (for just five months) as I prepare for the birth of my second child at the end of 2023, sitting down to write it prompted me to look back at my editorial three years ago when I was getting ready to become a parent for the first time. […]