pension contributions – Benefits Canada.com

ACPM urging Retraite Québec to address recovery measures timing in draft pension amendment

bwolfe — Tue, 16 Nov 2021 20:00:17 +0000

The Association of Canadian Pension Management is calling on Retraite Québec to review its draft amendment of a regulation governing supplemental pension plans. In a letter to the pension plan administrator, the ACPM said that a section of the amendment — stating that recovery measures in the event of insufficient contributions to a target-benefit pension […]

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Employers making pension, benefits changes as pandemic continues: survey

bwolfe — Wed, 05 May 2021 13:00:36 +0000

Canadian employers are making ongoing changes to their pension and benefits offerings as the coronavirus pandemic drags on, according to a new survey by the International Foundation of Employee Benefit Plans. The survey found almost one in five (18 per cent) employers offering prescription drug coverage have extended the time allowed under prior authorization periods, […]

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‘New reality’ of workplace includes virtual health care, enhanced mental-health support: survey

mschmit — Thu, 16 Jul 2020 11:15:42 +0000

The coronavirus pandemic is dramatically affecting workplaces, employers and employees across Canada, according to a new survey by the International Foundation of Employee Benefit Plans. While a third of surveyed employers said they already offered telehealth or telemedicine before the pandemic, an additional 19 per cent said they added it during the crisis and another […]

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Editorial: More insights from the 2020 CAP Member Survey

mschmit — Fri, 19 Jun 2020 05:00:48 +0000

As you’ll read in this issue’s cover story, our 2020 CAP Member Survey was fielded at the end of March and early April, targeting respondents as they were beginning to face the financial impacts of the coronavirus pandemic. While we still asked our annual questions about capital accumulation plan members’ retirement readiness, we also wanted […]

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2020 CAP Member Survey webinar: Challenges ahead

mschmit — Fri, 19 Jun 2020 04:57:07 +0000

As if preparing for retirement wasn’t already a steep challenge, along comes the coronavirus pandemic and its impact on the global economy, throwing up even more obstacles for capital accumulation plan members to maneuver. This year’s annual CAP Member Survey, supported by Actuarial Solutions Inc. and Morneau Shepell Ltd., fielded its questions between March 30 […]

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How are global retirement systems faring in the wake of coronavirus?

mschmit — Fri, 12 Jun 2020 05:15:41 +0000

A new paper is evaluating how global retirement systems are faring in the wake of the coronavirus pandemic and what reforms will be required to facilitate the retirements of future generations. The paper, ‘Building better retirement systems in the wake of the global pandemic,’ by Olivia Mitchell, a professor and executive director of the pension research council […]

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Navigating pension fiduciary duties during coronavirus pandemic

mschmit — Tue, 09 Jun 2020 04:30:34 +0000

Employers that act as pension plan administrators have statutory fiduciary duties that are defined by the plan documents and by governing pension legislation. While those duties continue to apply during the coronavirus pandemic and the resulting market volatility, they require even more careful navigation, as cash flow and internal corporate resources may be strained. Pension regulators across […]

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ACPM calling for ‘made-in Alberta’ pension measures due to financial impact of coronavirus

mschmit — Fri, 29 May 2020 04:30:14 +0000

The Association of Canadian Pension Management’s Alberta regional council is highlighting the need for “made-in-Alberta” measures focused on pension plan sponsors, administrators and members due to the financial impact of the coronavirus pandemic. In a submission to the provincial government, the council listed recommendations around pension contributions and funding, commuted values, plan administration, defined contribution […]

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Winnipeg Public Service recommending reversal of police pension bylaw changes

mschmit — Fri, 22 May 2020 11:25:15 +0000

The Winnipeg Public Service is recommending the reversal of amendments to the City of Winnipeg’s police pension bylaw. The amendments, which took effect April 1, 2020, were the subject of a grievance filed by the Winnipeg Police Association and the Winnipeg Police Senior Officer’s Association in November 2019 after the City of Winnipeg attempted to make alterations […]

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U.S. employers changing health, retirement offerings due to coronavirus

mschmit — Fri, 15 May 2020 05:05:34 +0000

The coronavirus pandemic has prompted U.S. employers to make several changes to their health and retirement offerings, according to a new survey by the International Foundation of Employee Benefit Plans. On the health benefits side, nearly all respondents (98 per cent) said they’re offering virtual health services, up 10 per cent from before the pandemic. And nearly half […]

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