The federal government is moving ahead with extending employment insurance parental benefits to 18 months and is creating a new 15-week benefit for caregivers. According to Wednesday’s budget announcement, the changes to parental benefits would allow parents to choose to receive employment insurance parental benefits over an extended period of up to 18 months at a lower benefit […]
In the course of a merger or acquisition, there are a number of balls to juggle, not the least of which are the changes to employees’ benefits packages. Last month, Benefits Canada looked at one of the more complicated scenarios: how to deal with defined benefit pension plans in the wake of a merger or […]
When Britain’s former economic watchdog, the Office of Fair Trading, published a report in 2013 about the country’s workplace defined contribution pension market, it was the latest call in the country’s ongoing conversation about pension governance and delivering value for money to plan members. The report estimated more than 186,000 pension plans in the country […]
Despite a challenging start to 2016, the Healthcare of Ontario Pension Plan improved its investment return to 10.4 per cent by the end of the year. The number was up from 5.1 per cent in 2015. The fund’s net assets reached $70.4 billion, up from $63.9 billion in 2015. Its investment income for 2016 was also […]
The market value of Canadian employer-sponsored pension plans grew 3.9 per cent to a total of $1.7 trillion in the third quarter of 2016, nearly doubling the increase of 1.8 per cent in the second quarter of the year, according to new data from Statistics Canada. The survey examined a sample of 144 defined benefit, […]
Canadian retirees report a higher degree of financial satisfaction, are more confident in their financial decisions and have less anxiety about retirement compared to those who have yet to retire, according to new research by the Vanguard Centre for Investor Research. Its study, which focused on the transition from work to retirement in Canada, the […]
Newly-elected members of the House of Assembly in Newfoundland and Labrador could be moved out of their defined benefit pension plan to a defined contribution pension plan instead. On Monday, the Liberal caucus chair Randy Edmunds sent a letter to speaker Tom Osborne suggesting the province’s House of Assembly Management Commission explore moving to a […]
CEO is looking for stability over results in 'such an uncertain environment'
As it continues to build an ‘all-terrain’ portfolio, Caisse de dépôt et placement du Québec posted a return of 7.6 per cent in 2016. This is down from 9.1 per cent in 2015 and 12 per cent in 2014. “The world right now has a lot of risk, geopolitically, in particular, and so we will […]
Canada’s health-care union, the Services Employees International Union Healthcare, is introducing a new low-fee, portable retirement plan for its members and their family members. The My65+ plan, which will launch on July 1, 2017, is designed for SEIU Healthcare members with no workplace pension and who earn less than $50,000 a year. It’s registered as […]