Defined Benefit’s Retirement Value

Cases for the value of defined benefit.

“They want to take our promised retirement benefits from us, that were guaranteed to us. It’s our savings plan. We were promised them through our contracts, through our pension fund … we were promised them by our government which told us once you are retired those pension benefits are yours.” Michael...

A conversation with Richard Shillington is a fairly direct route to an obvious conclusion: for most Canadians, a workplace pension plan is the best solution to generating adequate retirement income. Problem is, most Canadians don’t have one. Data, an area of expertise for Shillington, shows that as many as 65 per...

(March 16, 2016) OPTrust, Ontario's fifth largest public sector pension fund, has released its 2015 annual report showing an 8.0 per cent net return on investments, and a 9.2 out of 10 satisfaction score from members. The fund is fully funded with $18.4 billion in net assets, serving nearly 87,000 members and...

With a 5.12 per cent return on investments for the year ending Dec. 31, 2015, the Healthcare of Ontario Pension Plan (HOOPP) announced a funded position of 122 per cent, good news for retirees and local economies that benefit from retiree spending. “Even during a year of significant economic uncertainty, HOOPP...

Advocates for adequate retirement income provided through traditional pensions are used to debunking claims that the defined benefit model is too risky and expensive to operate. Numerous studies show that not to be the case, revealing that not only are DB pensions more efficient at delivering retirement income and...

“I remember the day I got the job and asked if I had to make the pension contributions. I was told two things. Yes, they are mandatory, and the chief also told me that even if they weren’t mandatory, I’d be dumb not to contribute.” – Eric Taverner.  When Richmond Hill platoon chief Eric Taverner was a young...

Just as a rising tide raises all ships, the steady, secure stream of income that flows from the defined benefit pension model anchors local and provincial economies as well as a retiree’s budget, numerous reports confirm. One of the most recent studies on the overall benefits of the DB approach shows that in 2014,...