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Keyword: Target Benefit Plan

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Copyright_Mikhail Tsikhanovich_123RF

In its fall economic statement, the Ontario government said it will ask stakeholders to provide feedback this winter on a draft framework for target-benefit pension plans. “Implementation of a permanent target-benefit framework would pave the way for more employers to offer workplace pension plans, increasing the opportunities for workers to save for their retirement,” said the […]

  • By: Staff
  • November 17, 2022 November 17, 2022
  • 13:00

The IWA–Forest Industry pension plan and long-term disability plan are appointing Mark Guiton as chief executive officer. Guiton (pictured left), who has been the organizations’ general counsel since 2017, is replacing outgoing CEO Derrick Johnstone. Prior to joining the IWA, he was director of legal services for the British Columbia Safety Authority for more than nine years. […]

  • By: Staff
  • July 14, 2022 July 14, 2022
  • 09:00
Copyright_Olga Yastremska_123RF

The Canadian Association of Pension Supervisory Authorities is seeking feedback on three risk management guidelines. The guidelines will cover pension plans’ use of leverage, cyber risks and environmental, social and governance considerations. In a letter to stakeholders, the CAPSA said it may incorporate these guidelines into a single risk management document that will also cover […]

  • By: Staff
  • June 15, 2022 June 14, 2022
  • 09:00
Copyright_Mikhail Tsikhanovich _123RF

The Alberta government is gathering feedback from stakeholders to help inform potential legislative and policy updates for private sector pension laws. The consultation will focus on the Employment Pension Plans Act and the Employment Pension Plans Regulation, according to a press release, which noted Alberta’s private sector pension legislation hasn’t been significantly updated since 2014. […]

  • By: Staff
  • June 9, 2022 June 8, 2022
  • 09:00

An article on the potential future of pension plans in the private sector was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Expert panel: Are private sector employers heading toward a pension renaissance? 2. A third of Canadian employees retiring sooner than planned: survey 3. Mental-health […]

  • By: Staff
  • May 13, 2022 May 13, 2022
  • 09:00

As the move away from traditional defined benefit plans continues and intensifies, Canada’s multi-employer pension plans are providing employers with another retirement savings option for their employees. And despite facing a number of challenges, from industries in decline to legislative obstacles, MEPPs continue to attract plan sponsors from across the country. Read: Canadian MEPPs facing challenges […]

Pension coverage in the public sector is high, with the vast majority of public sector employees covered by a defined benefit pension plan. However, the story is very different in the private sector as pension coverage is much lower and is trending downwards. Only 22 per cent of private sector employees participated in a registered […]

An article on British Columbia’s paramedics and their need for enhanced mental-health benefits was the most read story over the past week on BenefitsCanada.com. Here are the five most popular news stories of the week: 1. B.C. paramedics seeking enhanced mental-health benefits 2. Canadian pension plans overcoming legislation, governance challenges: webinar 3. Ontario’s DB pension plans should take steps […]

  • By: Staff
  • March 4, 2022 March 4, 2022
  • 09:00
Copyright_Wittaya Doktanyong_123RF

Target-benefit plans are being hampered by a disconnect between how they’re regulated and how they’re managed, according to a new report for the C.D. Howe Institute. In the report, Barry Gros, a retired actuary and chair of the pension board at the University of British Columbia’s staff pension plan, reviewed how target-benefit plans are managed, how […]

  • By: Staff
  • March 3, 2022 March 3, 2022
  • 09:00
Copyright_123RF

Representatives from a few of Canada’s most progressive pension plans weighed in on topics ranging from plan design to the various challenges posed by legislation and governance during a webinar hosted by the Association of Canadian Pension Management last week. Orla Cousineau, executive director of pensions at the University of British Columbia, said the province’s […]

  • By: Blake Wolfe
  • February 28, 2022 February 28, 2022
  • 09:00