workplace pension plans – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 03 May 2024 21:03:19 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-80/ Fri, 19 Apr 2024 13:00:14 +0000 https://www.benefitscanada.com/?p=154428 A story on how Organon Canada is supporting women employees at every stage of their career 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. Organon launching initiative to support women’s career, health journey in the workplace 2. Survey finds 38% of Canadian employees […]

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]]> Survey finds 74% of Canadians aged 24 to 44 view conventional retirement approach as outdated https://www.benefitscanada.com/pensions/retirement/survey-finds-74-of-canadians-aged-24-to-44-view-conventional-retirement-approach-as-outdated/ Thu, 18 Apr 2024 19:00:12 +0000 https://www.benefitscanada.com/?p=154416 Three-quarters (74 per cent) of Canadians aged 24 to 44 say the conventional approach to retirement — halting work at age 65 to enjoy a life of leisure — is an outdated concept, according to a new survey by Leger on behalf of Wealthsimple. The survey, which polled more than 1,500 Canadians, found roughly 60 […]

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]]> Half of Canadian retirees receiving less than $50K per year from employer-sponsored pension plan: survey https://www.benefitscanada.com/pensions/retirement/half-of-canadian-retirees-receiving-less-than-50k-per-year-from-employer-sponsored-pension-plan-survey/ Tue, 16 Jan 2024 20:00:48 +0000 https://www.benefitscanada.com/?p=150635 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 […]

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]]> U.S. workers say they’ll need average of $4,940 a month income in retirement: survey https://www.benefitscanada.com/pensions/retirement/u-s-workers-say-theyll-need-average-of-4940-month-income-in-retirement-survey/ Mon, 14 Aug 2023 19:00:28 +0000 https://www.benefitscanada.com/?p=142155 U.S. workers forecast they’ll need an average $4,940 monthly income to enjoy a comfortable retirement, according to a new survey by Schroders. The survey, which polled roughly 2,000 employees, found a third (32 per cent) believe they’ll need to replace between 50 per cent and 74 per cent of their final paycheque with other sources […]

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]]> 2023 Top 100 Pension Funds Report: How to improve retirement outcomes across diverse plan member groups https://www.benefitscanada.com/archives_/benefits-canada-archive/2023-top-100-pension-funds-report-how-to-improve-retirement-outcomes-across-diverse-plan-member-groups/ Fri, 23 Jun 2023 12:56:55 +0000 https://www.benefitscanada.com/?p=139798 At the beginning of April, the OPSEU Pension Trust made a change to a definition in its plan text that will have meaningful implications for plan members with disabled children who need to continue to rely on their parents into adulthood. The organization expanded the definition of a child eligible for survivor benefits to include […]

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]]> Survey finds 44% of Canadian pre-retirees have less than $5,000 in savings https://www.benefitscanada.com/pensions/retirement/survey-finds-44-of-canadian-pre-retirees-have-less-than-5000-in-savings/ Fri, 16 Jun 2023 13:00:39 +0000 https://www.benefitscanada.com/?p=139897 Three-quarters (75 per cent) of Canadian adults aged 55 to 64 have $100,000 or less in savings and 44 per cent have less than $5,000, according to a new survey by the Healthcare of Ontario Pension Plan. The survey, which polled 2,000 Canadian employees, found 44 per cent haven’t set aside any money for retirement […]

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]]> FSRA promoting retirement planning with Pension Awareness Day https://www.benefitscanada.com/pensions/retirement/fsra-promoting-retirement-planning-with-pension-awareness-day/ Mon, 06 Feb 2023 14:00:00 +0000 https://www.benefitscanada.com/?p=133424 The Financial Services Regulatory Authority of Ontario is promoting retirement planning with its inaugural Pension Awareness Day on Feb. 16. Through the event, the FSRA is aiming to spark conversations about retirement savings and inspire employees to take full advantage of employer-sponsored pension plans, says Caroline Blouin, executive vice-president of pensions at the FSRA, noting […]

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]]> 81% of U.S. employees concerned about retirement readiness amid inflation: survey https://www.benefitscanada.com/pensions/retirement/81-of-u-s-employees-concerned-about-retirement-readiness-amid-inflation-survey/ Wed, 27 Jul 2022 13:00:11 +0000 https://www.benefitscanada.com/?p=124678 Eight in 10 (81 per cent) U.S. employees with an employer-sponsored retirement savings plan say they’re concerned about inflation impacting their retirement, according to a survey by BlackRock Inc. It found nearly two-thirds (64 per cent) of respondents with a workplace retirement savings plan are worried about their nest egg lasting throughout their lifetime, a […]

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]]> Employers see retirement benefits as top attraction, retention tool: survey https://www.benefitscanada.com/pensions/retirement/employers-see-retirement-benefits-as-top-attraction-retention-tool-survey/ Wed, 17 Nov 2021 14:00:02 +0000 https://www.benefitscanada.com/?p=111739 A majority of Canadian employers believe providing workplace retirement savings plans can improve employee attraction and retention, according to a survey by Maru Group Ltd. on behalf of the Healthcare of Ontario Pension Plan. The survey, which polled 800 Canadian employers, found 88 per cent of those that offer a defined benefit pension plan said […]

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]]> New surveys highlight discrepancies in retirement readiness https://www.benefitscanada.com/pensions/retirement/new-surveys-highlight-discrepancies-in-retirement-readiness/ Tue, 28 Sep 2021 13:00:20 +0000 https://www.benefitscanada.com/?p=108517 About a third (36 per cent) of working Canadians and 21 per cent of retirees aren’t confident how much money their retirement income sources will provide them in the future, according to a new survey by Mackenzie Investments. Fortunately, a majority (79 per cent) of retirees said they’re very or somewhat confident their retirement income sources will […]

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