Photo by Memphis CVB (Flickr Creative Commons)
Seniors issues and pensions
This study examines the status of the defined benefit (DB) pension plans of Canada's largest publicly-traded companies. Thirty-nine companies on the S&P/TSX 60 maintain DB pension plans, amounting to one-third of all private sector pension plan assets in Canada. However, only nine plans were fully funded in 2016. Together, the 39 companies oversaw a $10.8 billion deficit in their pension plans in 2016, while increasing shareholder payouts from $31.9 billion in 2011 to $46.9 billion last year.
OTTAWA—Last year, Canada’s largest publicly-traded companies paid out four times more to shareholders than it would have cost to fully fund their defined benefit (DB) pension plans, according to new research released by the Canadian Centre for Policy Alternatives (CCPA). Thirty-nine companies on the S&P/TSX 60 maintain DB pension plans, amounting to one-third of all private sector pension plan assets in Canada. However, only nine plans were fully funded in 2016.
This report card reviews the federal government's progress in 16 key policy areas at the halfway mark of their term. It finds that, despite some positive first steps, the Liberals’ ambitious talk hasn’t been backed up with the action needed to make these promises a reality. With two years left in the term, the report card includes suggested next steps to help the Liberal government fulfill the progressive agenda they committed to leading up to the election. Among the recommendations:
OTTAWA—After more than 200 sitting days in Parliament, the federal government has not lived up to the vast majority of its progressive promises, according to new analysis released today by the Canadian Centre for Policy Alternatives (CCPA).
"Our research indicates that strategies intended to support choices for long-term care residents must be based on the understanding that care is a relationship involving residents, their families and workers. It also means understanding that appropriate conditions of work are central to care as a relationship that allows residents and their families to exercise choices.
In a new Canadian Centre for Policy Alternatives MB report on Manitoba’s public-sector pensions Pensions in Manitoba: What’s Working, What’s Not, What's a Solution and What's Not, author Hugh Mackenzie dispels many myths about public and private sector pensions.
In a new Canadian Centre for Policy Alternatives MB report on Manitoba’s public-sector pensions, author Hugh Mackenzie dispels many myths about public and private sector pensions. He anchors his analysis in the context of Canada’s retirement income policy and its three main players: Old Age Security (OAS) and the Guaranteed Income Supplement (GIS); the Canadian Pension Plan (CPP); and, workplace based pension plans.
In this issue:
If all goes according to plan, by July 2018 several provinces and territories will have a new securities regulator. Currently, each province and territory operates its own regulator that is responsible for administrating each province’s unique laws. The provincial and territorial regulators are part of an umbrella organization, the Canadian Securities Administrators (CSA).