Pension Financial Results – News on Your Pension Sustainability

Before Sears Canada creditors receive any funds from the liquidating company, employees and retirees should have their pension issues resolved, say lawyers representing them. “Lawyers representing Sears Canada employees and retirees have made a priority claim against the liquidating retailer for their $270 million...

CARP is calling on the federal government to enact changes to better protect the retirement income of Canadians when their employers declare bankruptcy. The advocacy group for Canadian seniors launched a campaign called ‘Put Pensions First campaign’ after Sears Canada declared bankruptcy, leaving unfunded pension...

When it comes to the provision of adequate and secure retirement income, Canada’s public defined benefit pension plans offer a solution, writes Thomas Walkom for the Toronto Star. The bankruptcy of Sears Canada “has refocused attention on the vulnerability of company pension plans,” he writes, adding thousands of...

ARIA Pensions Blog, Email: sitemanager@ariapensions.ca, 12 Dunlop Street East, Barrie, Ontario, Canada, L4M 1A3

Canadians have a new favourite when it comes to saving money for retirement, outside of a workplace plan. TFSAs, writes James Langton for Investment Executive, have overtaken RRSPs as the preferred savings vehicle. According to the Office of the Superintendent of Financial Institutions (OSFI), 7.9 million taxpayers...

The union representing workers at the UK’s Royal Mail says it will defend its strike action to protest changes to the company’s pension plan. The Communications Workers Union, reports Reuters, will “defend its position on industrial action against Royal Mail PLC in the High Court on Thursday.” The union revealed on Oct. 3...

Musicians with the UK’s Royal Opera House orchestra have opted for an improved pension plan over higher wages, a decision that could have wide-ranging consequences, writes Sophie Imeson for Pension Experts. The decision to take a lower wage hike to “fund an improved pension scheme for new and future members” has...