Defined Benefit’s Retirement Value

Cases for the value of defined benefit.

With a successful merger in the books, the Colleges of Applied Arts and Technology (CAAT) pension plan is eager to begin a new chapter in its provision of adequate retirement income. The introduction of the Royal Ontario Museum (ROM) pension plan into the CAAT fund received provincial approval last December, from the...

When the conversation is already about good news, why try to change it? One reason would be to change the conversation’s perspective, from the immediate to the long term. Canadian pension plans get a lot of respect globally for their impressive annual returns and their management and investment structures, having...

Canadian defined benefit pension plans are among the best in the world, Healthcare of Ontario Pension Plan (HOOPP) President and CEO Jim Keohane said at a press conference to release the fund’s annual report, and results would support that conclusion. The plan’s funded status at the end of 2016 was 122 per cent,...

It’s one challenge to accumulate adequate retirement income, quite another to turn those savings into income to keep one through a retirement that can stretch 20 or 30 years due to longevity gains. Canadians in work environments that provide a defined benefit pension have an easier path to retirement than those...

Advocacy for adequate retirement income features prominently on the Healthcare of Ontario Pension Plan’s (HOOPP) newly redesigned website, with a section focused exclusively on retirement security issues. “The advocacy section is an excellent resource for those interested in pension and advocacy issues …...

Success brings a host of rewards, including accolades, an audience, and a sense of achievement. What it shouldn’t produce, though, says Hugh O’Reilly, is complacency and a tendency to rest on one’s laurels. When a track record of success is significant, some might ask why change a proven model. The answer,...

The benefits of a DB pension have been clearly defined, including the obvious one: the provision of reliable, lifetime income that serves as the cornerstone for a comfortable retirement. Numerous studies and reports have also shown the value of a defined benefit pension to employers when it comes to the recruitment...