Pension Financial Results – News on Your Pension Sustainability

(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) Upping the annual contribution limit for the Tax Free Savings Account (TFSA) to $10,000 from $5,500 will “provide Canadians with an opportunity to accumulate tax-free savings at a significantly higher rate over the course of their adult years,” writes Karen Tarbox at Benefits Canada. However,...

(April 24, 2015) OPTrust, which administers the OPSEU Pension Plan for more than 86,000 members and retirees, reported 2014 investment returns of 12 per cent, net of external management fees. In doing so the plan outperformed its benchmark return of 6.2 per cent, increasing its assets to $17.5 billion by the end of...

(April 22, 2015) When Prime Minister Stephen Harper first raised a concern about Canada’s retirement system, he was at a congress of world leaders in Davos, Switzerland. And although he didn’t specifically mention Old Age Security (OAS) on that day in January 2012, it soon became evident that’s what he was talking...

(April 22, 2015) According to a new report from Morneau Shepell, “diversified pooled fund managers posted a median return of six per cent before management fees” in the first quarter of 2015, reports www.marketwatch.com. “Stock and bond markets made important advances in the first quarter, generating very high pension...

(April 21, 2015) Retired New Brunswick civil servants who are in court fighting the government over unilateral changes to their pensions have been offered a new deal, reports CBC News. The offer reportedly deals with two of the retirees main concerns about the risk-sharing model introduced by the previous NB...

(April 21, 2015) If there is comfort in company, the nearly one third of Americans who have almost nothing put aside for retirement should feel it bit better about their dilemma. Retirement insecurity is a concern that stretches across the developed world, as millions of people look at retirement with worry if not...