Defined Benefit’s Retirement Value

Cases for the value of defined benefit.

Canadian defined benefit pension plans are among the best in the world, Healthcare of Ontario Pension Plan (HOOPP) President and CEO Jim Keohane said at a press conference to release the fund’s annual report, and results would support that conclusion. The plan’s funded status at the end of 2016 was 122 per cent,...

It’s one challenge to accumulate adequate retirement income, quite another to turn those savings into income to keep one through a retirement that can stretch 20 or 30 years due to longevity gains. Canadians in work environments that provide a defined benefit pension have an easier path to retirement than those...

Advocacy for adequate retirement income features prominently on the Healthcare of Ontario Pension Plan’s (HOOPP) newly redesigned website, with a section focused exclusively on retirement security issues. “The advocacy section is an excellent resource for those interested in pension and advocacy issues …...

Success brings a host of rewards, including accolades, an audience, and a sense of achievement. What it shouldn’t produce, though, says Hugh O’Reilly, is complacency and a tendency to rest on one’s laurels. When a track record of success is significant, some might ask why change a proven model. The answer,...

The benefits of a DB pension have been clearly defined, including the obvious one: the provision of reliable, lifetime income that serves as the cornerstone for a comfortable retirement. Numerous studies and reports have also shown the value of a defined benefit pension to employers when it comes to the recruitment...

Perspective is valuable in figuring out how things turned out the way they did. And when it comes to the retirement crisis facing the United States and other countries, Tom Harkin’s views on the subject are well formed. When he went to Washington DC as a rookie Congressman in the mid-70s, representing Iowa’s...

Born in the small village of Portknockie in the north of Scotland between Aberdeen and Inverness, Stewart McBoyle could not have envisioned a career path that would eventually lead him to the comfortable retirement he now enjoys in Barrie, Ontario. But that is where he is, spending his golden years pursuing his...