Retirement Savings – 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 Award finalists discuss mental health, enhanced communications amid pandemic https://uat-cumulus.benefitscanada.com/benefits/health-benefits/award-finalists-discuss-mental-health-enhanced-communications-amid-pandemic/ Mon, 01 Nov 2021 13:00:09 +0000 https://www.benefitscanada.com/?p=110551 More than 19 months into the coronavirus pandemic, employers are focusing on enhanced mental-health offerings and streamlined communications for their benefits and pension plans. During a virtual roundtable on Oct. 14, the 2021 Workplace Benefits Awards finalists discussed the changes brought about by the pandemic and how they’ve adapted their benefits and pensions offerings, while looking […]

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]]> Canfor wins award for educating employees on retirement savings https://uat-cumulus.benefitscanada.com/pensions/retirement/canfor-wins-award-for-educating-employees-on-retirement-savings/ Mon, 25 Oct 2021 13:00:42 +0000 https://www.benefitscanada.com/?p=110141 Canadian Forest Products Ltd.’s ongoing support for employees’ savings and retirement goals resulted in a win in the Financial wellness category at Benefits Canada’s 2021 Workplace Benefits Awards on Oct. 14. Launched in September 2020, Canfor’s three-year financial education program was initially offered to 1,100 salaried employees in Canfor’s defined benefit and defined contribution pension […]

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]]> More U.S. not-for-profit employees participating in retirement savings plans: survey https://uat-cumulus.benefitscanada.com/pensions/cap/more-u-s-not-for-profit-employees-participating-in-retirement-savings-plans-survey/ Wed, 20 Oct 2021 13:00:45 +0000 https://www.benefitscanada.com/?p=109861 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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]]> Helping employees understand the benefits of delaying CPP/QPP https://uat-cumulus.benefitscanada.com/archives_/benefits-canada-archive/helping-employees-understand-the-benefits-of-delaying-cpp-qpp/ Fri, 15 Oct 2021 12:54:56 +0000 https://www.benefitscanada.com/?p=109168 The old adage “good things come to those who wait” is especially true of Canada and Quebec Pension Plan benefits. A $1,000 monthly CPP/QPP benefit in today’s dollars at age 60 increases to $1,112.50 if the individual delays until age 61 and to $2,218.75 if they wait until age 70, equivalent to more than $100,000 […]

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]]> Canadians’ financial well-being up slightly, focus on retirement growing: survey https://uat-cumulus.benefitscanada.com/pensions/retirement/canadians-financial-well-being-up-slightly-focus-on-retirement-growing-survey/ Tue, 05 Oct 2021 13:00:12 +0000 https://www.benefitscanada.com/?p=108818 Canadians reported slightly higher levels of financial well-being in the summer of 2021, with many focusing on saving for retirement, according to a new survey by LifeWorks Inc. The survey, conducted among 3,000 respondents, found a financial well-being index score of negative 1.6 compared to the pre-coronavirus pandemic benchmark, up slightly from negative 2.8 in […]

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]]> A quarter of Canadians delaying retirement due to pandemic: survey https://uat-cumulus.benefitscanada.com/pensions/retirement/a-quarter-of-canadians-delaying-retirement-due-to-pandemic-survey/ Thu, 30 Sep 2021 19:00:33 +0000 https://www.benefitscanada.com/?p=108716 Nearly a quarter (23 per cent) of working Canadians say the coronavirus pandemic has delayed their — or their spouse’s — timeline to retirement, according to a new survey by Ipsos on behalf the Canadian Institute of Actuaries. The survey, which polled more than 1,500 Canadians aged 18 and up, found the top reason for the […]

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]]> New surveys highlight discrepancies in retirement readiness https://uat-cumulus.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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]]> How Poland’s new DC program was designed using behavioural science https://uat-cumulus.benefitscanada.com/archives_/benefits-canada-archive/how-polands-new-dc-program-was-designed-using-behavioural-science/ Fri, 17 Sep 2021 12:53:08 +0000 https://www.benefitscanada.com/?p=107343 Like many other countries around the world, Poland’s aging population is increasingly highlighting the topic of retirement savings. “Each year, the number of pensioners increase while the fertility rate decreases,” says Sebastian Ludwin, a Poland-based pension projects leader and business development manager at Aon. “On top of that, the public pension replacement rate also decreases […]

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]]> Canadian near-retirees expect to outlive savings, postpone retirement, finds survey https://uat-cumulus.benefitscanada.com/pensions/retirement/21-of-near-retirees-with-investments-over-100k-expect-to-outlive-savings-by-10-years-survey/ Thu, 26 Aug 2021 19:00:33 +0000 https://www.benefitscanada.com/?p=106337 A fifth (21 per cent) of Canadians who are nearing retirement with more than $100,000 in investable assets said they expect to outlast their savings by 10 years, compared to 16 per cent in 2010, according to a retirement readiness survey by the Royal Bank of Canada. Indeed, the coronavirus pandemic has caused some Canadians […]

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]]> More plan sponsors meeting members’ retirement goals in 2021: survey https://uat-cumulus.benefitscanada.com/pensions/cap/more-plan-sponsors-meeting-members-retirement-goals-in-2021-survey/ Thu, 29 Jul 2021 13:00:50 +0000 https://www.benefitscanada.com/?p=104901 A majority (72 per cent) of plan sponsors believe their retirement savings plan is meeting its goals this year, up from roughly 66 per cent in 2020, according to a new survey by Fidelity Investments Inc. While 68 per cent said their employees are saving enough for retirement — up from 59 per cent in […]

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