Posts by: John Devine

Public pensions are net contributors to American states and municipalities, according to a new study from the National Conference on Public Employee Retirement Systems (NCPERS). The report says that in 2016, public pension funds contributed $137.3 billion to local and state governments, writes Michael Katz for Chief...

Possible investors for the Trans Mountain pipeline may include Canadian pension funds, according to the country’s finance minister. Bill Morneau, finance minister, said last week that the funds have experience with infrastructure projects like the pipeline that would move Alberta crude to the Vancouver area for...

Retirees and former employees of Wabush Mines will see an injection of cash into pension and health benefits, shoring up their pension shortfall. According to the terms of the agreement reached between Cleveland Cliffs Inc., owner of the mine, and 1,700 former pensioners and former unionized employees,...

New data reveals the depth of concern among Canadians over their retirement prospects, with only 45 per cent of citizens expressing significant confidence in their ability to maintain current lifestyle in retirement. The 2018 Canadian Guaranteed Lifetime Income study shows that top retirement concerns include...

After three years of worry over their retirement security, some good news for former employees and retirees of Wabush Mines as they are set to see an increase to their pensions. It was three years ago that the operation filed for bankruptcy, writes Jennifer Paterson for Benefits Canada. Now, following a proposed...

The Canada Pension Plan Investment Board (CPPIB) is reporting that the CPP Fund had net assets of $356.1 billion as of March 31, the end of its last fiscal year. That’s up from $316.7 billion from the previous year, with the $39.4 billion increase in assets consisting of “$36.7 billion in net income after all CPPIB...

The Canadian Pension Plan Investment Board (CPPIB) has led a wave of Canadian investment in the Asia-Pacific region, accounting for 73 per cent of all pension fund investment there, writes Michael Katz for Chief Investment Office. From 2003 to 2017, Canadian funds invested $25 billion in the region, according to a new...