Retirement Income Security – For Young & Old

(Oct. 16, 2015) Defined ambition has taken on a less driven tone, as the UK government announces it plans to shelve plans to introduce the pension scheme and automatic small pot transfers, writes Alex Steger for New Model Advisor. A concept introduced by previous pensions minister Steve Webb, defined ambition will...

(Oct. 15, 2015) In a unanimous decision, Hamilton city council has supported a motion calling on the federal and provincial governments to cover any benefit and pension shortfall experienced by U.S. Steel retirees and workers, writes Mark McNeil for the Hamilton Spectator. A court ruling last week said the steelmaker...

(Oct. 14, 2015) U.S. Steel is potentially facing more time in a Canadian court if it “does not satisfy its obligations to pensioners,” writes Meredith MacLeod for the Hamilton Spectator. James Moore, Canada’s industry minister, said in a release that the federal government considers it unacceptable for the steelmaker...

(Oct. 14, 2015) When it comes to saving for retirement, just two-thirds of Gen Xers, between the ages of 35 and 50, have done so, with 40 per cent of them not sure they will have enough, writes Anna Helhoski for USA Today. And it may come down to bad timing, she continues. “They came out into the workforce in the early...

(Oct. 8, 2015) One of the largest Teamsters pension funds has filed “for reorganization under a new federal law and has sent letters to more than 400,000 members warning that their benefits must be cut,” writes Mary Williams Walsh for the New York Times. The move, she continues, to reorganize the Central States Pension...

(Oct. 6, 2015) Paul Moist, national president of CUPE, is set to retire from the position, announcing that he won’t stand for re-election at CUPE’s National Convention in November. “CUPE members serve Canadians around-the-clock, 365 days a year, delivering public services such as Medicare and Public Education that...

(Oct. 5, 2015) Canada’s public servants are looking for respect and the ability to do their jobs, writes Kathryn May for the Ottawa Citizen. Responding to an open letter from  Prime Minister Stephen Harper in which he promised that if re-elected, there would be no further change public sector pension plans, Debi...