Pensions

Commute this pension or not?

Client profile Georgi Balev*, 50, just got laid off. He was a senior manager at a major engineering firm in Ottawa, Ont., where he had worked for the past 26 years. His total annual compensation, including bonus, was about $300,000. His dilemma: Does he wait until age 65 to start drawing his defined-benefit pension, or […]

By Staff |October 7, 2016

7 min read

Industry

B.C. signs on to mandatory CPP expansion

This means all nine participating provinces have agreed to move forward with CPP changes. The Government of Canada is advancing legislation to enact the CPP enhancement.

By Staff |October 4, 2016

2 min read

Economic Indicators

CPP fund to grow by $191B over next decade

The existing CPP is on sustainable financial footing at its current contribution rate and its assets are projected to grow from $285 at the end of 2015 to $476 billion by 2025

September 28, 2016

1 min read

Economic Indicators

A stalemate on pensions leaves workers in the lurch

Defined benefit pensions may be a pipe dream rooted in the past, but governments and employers haven’t created a suitable alternative—and workers deserve better.

By Andray Domise, Maclean's |September 7, 2016

2 min read