Pension Research

(April 27, 2015) A new paper reviews the impact of Utah moving away from a defined benefit pension, and finds that the shift had a negative impact on employee retention. New hires were offered one of two choices: enrolment in a DC scheme or in a hybrid-type plan. The report found that 60 per cent of employees failed...

(April 27, 2015) Teachers in Newfoundland and Labrador have agreed to a deal that would see their contributions increased and their benefits reduced, reports CBC. A majority of members of the Newfoundland and Labrador Teachers’ Association voted to accept the deal by a margin of 91 per cent, with more than 80 per...

(April 27, 2015) Legislation to allow Nova Scotia pension plans to be transferred to the Nova Scotia Public Service Superannuation Plan (PSPP) will reduce costs and provide members which greater security, reports Benefits Canada. “This historic legislation could help reduce costs at universities while giving more...

(April 24, 2015) A new study by the Employee Benefits Research Institute (EBRI) shows that while confidence in having enough money to enjoy a comfortable retirement is up, one-third of Americans still report to having virtually no money set aside for retirement, writes Ken Berry at CPA Practice Advisor. That’s the...

(April 24, 2015) Ontario’s upcoming budget is expected to have “a number of significant announcements regarding pension reform,” reports Benefits and Pensions Monitor. The 2015 budget, Building OntarioUp, will include draft legislation for the Ontario Retirement Pension Plan Administrative Corporation, which will be...

(April 23, 2015) When looking for commonality between older and younger workers, look no further than appreciation for workplace pensions, writes Martin Biefer for the Hospital News. This benefit is “highly valued” and sought after, he writes. “Research by the Gandalf Group recently found that 79 per cent of Canadians...

(April 23, 2015) Increased longevity and a lack of workplace pensions are raising concerns that people might outlive their savings, and have led organizations like CARP to call for an end to mandatory RRIF withdrawal rules. The new federal budget eases the withdrawal rules, and also doubles to $10,000 the amount that...