retirement benefits – 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 Employers see retirement benefits as top attraction, retention tool: survey https://uat-cumulus.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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]]> 75% of older Canadians worrying about financial security: survey https://uat-cumulus.benefitscanada.com/pensions/retirement/75-of-older-canadians-worrying-about-financial-security-survey/ Fri, 05 Nov 2021 13:00:56 +0000 https://www.benefitscanada.com/?p=110938 Three-quarters (75 per cent) of Canadians nearing or in early retirement said the coronavirus pandemic has them more concerned about their family’s financial security and well-being, according to a survey by Ipsos for Ryerson University’s National Institute on Ageing and HomeEquity Bank. Among respondents aged 55 to 69, 77 per cent expressed worry about their […]

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]]> Rio Tinto workers striking over pension plan, retirement benefits https://uat-cumulus.benefitscanada.com/pensions/retirement/rio-tinto-workers-striking-over-pension-plan-retirement-benefits/ Tue, 27 Jul 2021 13:00:04 +0000 https://www.benefitscanada.com/?p=104704 About 900 employees at Rio Tinto Group’s aluminum smelting facilities in Kitimat, B.C. are on strike after Unifor Local 2301 and the company failed to reach an agreement on July 25. The union continued negotiations with Rio Tinto until the strike deadline at midnight, according to a press release. Unifor is seeking changes to workers’ […]

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]]> University Pension Plan tackling ESG issues by joining 30% Club, CCGG and SHARE https://uat-cumulus.benefitscanada.com/pensions/defined-benefit-pensions/university-pension-plan-tackling-esg-issues-by-joining-30-club-ccgg-and-share/ Fri, 16 Jul 2021 19:00:40 +0000 https://www.benefitscanada.com/?p=104130 The newly minted University Pension Plan is tackling environmental, social and governance issues head on by partnering with the 30% Club, Canadian Coalition for Good Governance and Shareholder Association for Research and Education. Read: University Pension Plan launches multi-employer DB pension plan Joining the 30% Club will help the UPP make greater representation of women on […]

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]]> University Pension Plan launches multi-employer DB pension plan https://uat-cumulus.benefitscanada.com/pensions/defined-benefit-pensions/university-pension-plan-launches-multi-employer-db-pension-plan/ Fri, 02 Jul 2021 13:00:51 +0000 https://www.benefitscanada.com/?p=103327 The University Pension Plan is launching its jointly sponsored pension plan, providing management services to the Queen’s University, the University of Guelph and the University of Toronto. The plan, which was established on Jan. 1, 2020, officially launched on July 1, 2021. The UPP is a new jointly sponsored pension plan designed to enhance the long-term sustainability […]

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]]> Pride Month: CN Rail dispute ‘catalyst’ for same-sex pension plan policy reviews https://uat-cumulus.benefitscanada.com/pensions/governance-law/pride-month-cn-rail-dispute-catalyst-for-same-sex-pension-plan-policy-reviews/ Fri, 18 Jun 2021 13:00:34 +0000 https://www.benefitscanada.com/?p=102243 While a recent dispute between the Canadian National Railway Co. and the surviving same-sex partner of a deceased plan member will likely inspire other plan sponsors to ensure pension benefits are correctly distributed, the amount of new claimants coming forward will likely be relatively small, says Jill Wagman, managing principal at Eckler Ltd. “It may […]

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]]> Nova Scotia providing residents with early access to retirement savings https://uat-cumulus.benefitscanada.com/pensions/governance-law/nova-scotia-providing-residents-with-early-access-to-retirement-savings/ Tue, 15 Jun 2021 13:00:10 +0000 https://www.benefitscanada.com/?p=102116 Nova Scotia is allowing residents to apply directly to their financial institution to access their retirement savings when facing financial challenges. Under amendments to provincial pension legislation effective July 1, a person may be approved to access part of a locked-in retirement account or life income fund if they expect less than $41,067 in income […]

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]]> Union optimistic U.S. Steel agreement could lead to ‘good final deal’ for retirees https://uat-cumulus.benefitscanada.com/benefits/benefits-law/u-s-steel-canada-acquisition-proposal-will-protect-pensions-and-post-retirement-benefits/ Thu, 22 Sep 2016 05:25:35 +0000 https://cumulus.benefitscanada.com/uncategorized/u-s-steel-canada-acquisition-proposal-will-protect-pensions-and-post-retirement-benefits/ The union representing workers at U.S. Steel Canada Inc. is cautiously optimistic a proposed acquisition of the company by a U.S.-based holding company will lead to a “good final deal” for retirees at the struggling steelmaker. “We have been in discussions for quite some time with the province and various potential buyers about a restructuring […]

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