Retirement Income Security – For Young & Old

The chance to sign onto a pension plan is a major factor in prospective employees deciding to take a job or not. New data shows that fully 78 per cent of North American “employees and retirees with pension plans said the availability of those benefits was a major factor in deciding whether to accept a job,”...

OPTrust is launching a new pension model aimed at modest income earners. Called OPTrust Select, it’s designed to offer a secure retirement solution at a moderate cost for both employers and employees. The launch marks the first new jointly sponsored, defined benefit (DB) product offering for modest income earners in a...

A drive to relaunch an auto-enrol program to boost private pension savings is being discussed by ministers in the German federal state of Hesse, writes Susanna Rust for IPE. “A resolution to support their idea was brought to the upper chamber of parliament, the Bundesrat, at the end of March. It was promptly assigned...

When it comes to the list of benefits an employer can offer a prospective employee, it’s important to consider how specific benefits may be of interest to individual employees. “A list of benefits is just that – a list. They make no sense jumbled up without explanation. Employee benefits are expensive and, if not...

If you have a DB workplace pension, the transition to retirement is fairly straightforward: fill in the necessary paperwork and the income starts flowing. Canadians saving in DC schemes have it somewhat more complicated. Once they decide to retire, it’s up to them to figure out how to turn savings into retirement...

A strike by UK university academics has been suspended pending a valuation review. The University and College Union (UCU) has called for the strike to be halted after its “members accepted an offer to examine the latest valuational,” reports Pensions Expert. Academics at 65 universities hit the picket lines in protest...

Problems plaguing the federal government’s pay system have reached its pension plan, “a system that includes more than 850,000 government employees, pensioners and beneficiaries,” writes James Bagnall for the Ottawa Citizen. The government has been trying to fix bugs in the Phoenix pay system, “the deeply flawed...