Setting your savings target is one of the most important yet least understood questions in retirement planning.
Hazel Claxton is executive vice-president and chief human resources officer at Morneau Shepell Inc.
A Sun Life Financial Canada poll in 2012 among those 30 to 65, found just 27% expect to be fully retired at 66. The percentage was down from 51% in 2008.
Aveos retirees will not be required to purchase an immediate life annuity from an insurer following the wind-up of the retirement plan, says a Morneau Shepell ‘News & Views.
The discount rates used for pension plans have decreased for the fourth straight year, says Morneau Shepell’s 13th annual survey on the economic assumptions used by Canadian public companies to account for the costs of their defined benefit plans.
Morneau Shepell at rank 480 in global ranking
These are among the subjects included in the current issue of the Morneau Shepell News & Views, a monthly publication dedicated to providing insights to its clients in Canada.
Changes to the pension plan for St. John’s city councillors passed unanimously and without debate during Monday night’s council meeting.
Aveos retirees will not be required to purchase an immediate life annuity from an insurer following the wind-up of the retirement plan for employees of Aveos (the “Plan”).
As of July 1, 2013, Canadians may choose to defer payment of their Old Age Security (OAS) pension up to five years after their 65th birthday.