Pension Financial Results – News on Your Pension Sustainability

(April 28, 2015) Many of Canada’s big pension funds are lining up in opposition to Barrick Gold Corp,’s proposed pay structure for its top executives, reports Benefits and Pension Monitor. The plans, including the Canada Pension Plan Investment Board and the Ontario Teachers’ Pension Plan, maintain Barrick...

(April 27, 2015) A new paper reviews the impact of Utah moving away from a defined benefit pension, and finds that the shift had a negative impact on employee retention. New hires were offered one of two choices: enrolment in a DC scheme or in a hybrid-type plan. The report found that 60 per cent of employees failed...

(April 27, 2015) Teachers in Newfoundland and Labrador have agreed to a deal that would see their contributions increased and their benefits reduced, reports CBC. A majority of members of the Newfoundland and Labrador Teachers’ Association voted to accept the deal by a margin of 91 per cent, with more than 80 per...

(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...