contributions – Benefits Canada.com

More U.S. not-for-profit employees participating in retirement savings plans: survey

bwolfe — Wed, 20 Oct 2021 13:00:45 +0000

Despite the coronavirus pandemic’s impact on the U.S. not-for-profit sector in 2020, employees participated in 403(b) retirement plans at the highest level since tracking began in 2008, according to a new survey by the Plan Sponsor Council of America. The survey, which polled roughly 400 not-for-profit retirement plan sponsors, found overall retirement plan participation rose to […]

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East coast companies among early adopters of new retirement savings platform

bwolfe — Tue, 29 Jun 2021 13:00:50 +0000

Two East coast companies are among the early adopters of a retirement savings platform for employers in the not-for-profit sector. Prince Edward Island Family Violence Prevention Services Inc. and Newfoundland-based Thrive previously offered their employees group registered retirement savings plans. Danya O’Malley, executive director of the PEI Family Violence Prevention Services, says lower fees was […]

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FSRA allowing DB pension sponsors to defer contributions until 2021

mschmit — Wed, 23 Sep 2020 03:53:00 +0000

The Financial Services Regulatory Authority of Ontario is providing employers with the option to defer contributions to certain defined benefit pension plans to help with their organization’s cash flow during the coronavirus pandemic while providing safeguards for funding plan member benefits. Eligible private sector employers will be able to defer up to six months of […]

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Balancing liquidity and the search for yield at U.S. public pension funds

mschmit — Mon, 10 Aug 2020 04:04:30 +0000

U.S. public pension funds can expect to see hurdles from the coronavirus crisis similar to those experienced in past recessions, according to a new report by Cerulli Associates. In the past two recessions, public plans saw a decrease in their funded statuses. “According to survey data gathered form the National Association of State Retirement Administrators, […]

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Interest in DBplus and OPTrust Select remains amid coronavirus crisis

mschmit — Tue, 05 May 2020 04:59:00 +0000

The coronavirus crisis is putting new stresses on businesses as they grapple with cash flow and business continuity, but even amid such uncertainty, some employers are still looking to join defined benefit plans. The Colleges of Applied Arts and Technology pension plan is continuing to see interest in its DBplus offering, with the coronavirus crisis […]

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