defined benefit pension plan – Benefits Canada.com https://uat-cumulus.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Thu, 16 Jan 2025 20:41:36 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Air Canada, unions reach agreement to wind down pension trust https://uat-cumulus.benefitscanada.com/pensions/defined-benefit-pensions/air-canada-unions-reach-agreement-to-wind-down-pension-trust/ Tue, 30 Nov 2021 14:00:49 +0000 https://www.benefitscanada.com/?p=112477 Air Canada and unions representing more than 20,000 employees are reaching an agreement that will wind down a shared pension trust to the benefit of retired workers who are part of the company’s defined benefit plans. The airline was granted relief from pension solvency funding when facing insolvency in 2009. As part of the arrangement, […]

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]]> UPP appointing Omo Akintan as chief people officer https://uat-cumulus.benefitscanada.com/notice/partner-education/upp-appointing-omo-akintan-as-chief-people-officer/ Mon, 29 Nov 2021 14:00:57 +0000 https://www.benefitscanada.com/?p=112418 The University Pension Plan is appointing Omo Akintan as chief people officer, effective February 2022. Prior to joining the UPP, Akintan was the chief people officer at the City of Toronto since January 2019. She was also the City’s acting director of equity, diversity and human rights division from 2017 to 2018. Before that, she […]

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]]> CBC Pension Plan stays the course with liability-driven investment model https://uat-cumulus.benefitscanada.com/archives_/benefits-canada-archive/cbc-pension-plan-stays-the-course-with-liability-driven-investment-model/ Fri, 19 Nov 2021 13:52:18 +0000 https://www.benefitscanada.com/?p=111222 The best ship captains don’t put too much faith in weather forecasts — or those who do tend to see their vessels flounder. Perhaps that’s why the Canadian Broadcasting Corp. has a skipper, Duncan Burrill, at the helm of its pension plan. Even when he’s away from his much-loved sailboat on the banks of the […]

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]]> Focusing on TDF glide paths as migration from DB to DC plans continue https://uat-cumulus.benefitscanada.com/archives_/benefits-canada-archive/focusing-on-tdf-glide-paths-as-migration-from-db-to-dc-plans-continue/ Fri, 15 Oct 2021 12:55:43 +0000 https://www.benefitscanada.com/?p=109222 The selection of a target-date fund glide path is more crucial than ever as the migration from DB to DC pension plans continues. Since its formation in the mid-1990s as an optional alternative to the company’s longstanding defined benefit offerings, the DC plan has amassed more than $1.5 billion in total assets as members gradually […]

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]]> University of Victoria Students’ Society joining CAAT’s DBplus pension https://uat-cumulus.benefitscanada.com/pensions/defined-benefit-pensions/university-of-victoria-students-society-joining-caats-dbplus-pension/ Mon, 27 Sep 2021 19:00:38 +0000 https://www.benefitscanada.com/?p=108516 The University of Victoria Students’ Society is the first Vancouver Island employer to join the Colleges of Applied Arts and Technology pension plan’s DBplus. By joining the plan, permanent employees at the UVSS represented by the United Steelworkers will have access to a pension with early retirement options, survivor benefits and inflation protection, noted a […]

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]]> Canada drops to No. 10 in retiree well-being global rankings: report https://uat-cumulus.benefitscanada.com/pensions/retirement/canada-drops-to-no-10-in-retiree-well-being-global-rankings-report/ Thu, 23 Sep 2021 13:00:09 +0000 https://www.benefitscanada.com/?p=108075 Canada drops to No. 10 among developed nations for retiree well-being after spending two years in a row at No. 8, according to Natixis Investment Managers’ annual global retirement index. The index, which provides an overview of the relative well-being and financial security of retirees in 44 countries, examined several factors, including whether a country […]

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]]> HOOPP appointing Michael Wissell as chief investment officer https://uat-cumulus.benefitscanada.com/notice/appointment-notice/hoopp-appointing-michael-wissell-as-chief-investment-officer/ Thu, 16 Sep 2021 13:00:49 +0000 https://www.benefitscanada.com/?p=107725 The Healthcare of Ontario Pension Plan is appointing Michael Wissell as its chief investment officer. Prior to the new role, Wissell was the plan’s senior vice-president of capital markets and total portfolio since 2018. During his tenure, he’s credited with helping to foster a culture of innovation and for spearheading several new investment strategies. Read: HOOPP […]

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]]> CPPIB, Ontario Teachers’ among the world’s top 20 pension funds https://uat-cumulus.benefitscanada.com/canadian-investment-review/research-markets/cppib-ontario-teachers-among-the-worlds-top-20-pension-funds/ Thu, 09 Sep 2021 16:20:12 +0000 https://www.benefitscanada.com/?p=107116 The Canada Pension Plan Investment Board and the Ontario Teachers’ Pension Plan are among the 20 largest pension funds in the world in terms of assets under management, according to a new report from the Thinking Ahead Institute. The not-for-profit investment research organization’s report, which was based on figures from the end of 2020, ranked […]

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]]> OPTrust naming Ingrid Chingcuanco as VP of pension administration transformation https://uat-cumulus.benefitscanada.com/notice/appointment-notice/optrust-naming-ingrid-chingcuanco-as-vp-of-pension-administration-transformation/ Tue, 10 Aug 2021 17:30:44 +0000 https://www.benefitscanada.com/?p=105434 The OPSEU Pension Trust is appointing Ingrid Chingcuanco as its vice-president of pension administration transformation. In the new role, she’ll be responsible for leading the pension fund in a multi-year transformation of its pension administration system. “Ms. Chingcuanco’s top priority is to lead this critical initiative, designed to renew our technology and bring greater value […]

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]]> Top U.S. DB plan funded ratios see first dip since September 2020: report https://uat-cumulus.benefitscanada.com/pensions/defined-benefit-pensions/top-u-s-db-plan-funded-ratio-sees-first-dip-since-september-report/ Thu, 29 Jul 2021 15:45:34 +0000 https://www.benefitscanada.com/?p=104914 The average funded ratio of the top private sector defined benefit pension plans in the U.S. dipped for the first time since September 2020, according to a new index by actuarial firm Milliman. The index, which tracks the funded ratio of the 100 top-performing U.S. private sector DB plans, saw the average ratio dip to […]

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