Stelco files for IPO to fund steelmaker’s production capabilities
Proceeds also to fund early payment to certain pension and other post-employment benefits trusts.
Canadian pension plan manager weights risks of climate change
OPTrust report reviews how four climate scenarios would affect its $18 billion portfolio.
Ontario pays for radio ad to promote the federal CPP
Auditor General finds ad to be self-congratulatory; aimed at crediting government for the pension initiative.
Most workers will jump ship for better pensions
ADP survey reveals competitive compensation is more than salary and health benefits.
CME calls for tax relief to offset $1.9B in CPP premiums
Warns expansion will cost jobs, dampen wage growth and discourage investment.
CPP reform was swift in policy making terms
…and five things you need to know about the Canada Pension Plan.
Morneau briefing book raises red flags on public pensions
Private sector coverage has fallen from 31% to 24% between 1991 and 2013.
No need to index pensions as retiree spending drops off after 70
C.D. Howe study says lowering contributions for company plans puts more money in the pockets of families.
Morneau prepares to focus on CPP expansion
Change will require support of seven provinces representing 66% of the population.
Several reasons to oppose CPP expansion
“An expanded CPP could produce a marked increase in the average Canadian family’s total tax bill…”
Pension contribution increases only partly offset by lower RRSP savings
Report finds a $1 increase in pension plan contributions resulted in an average reduction in RRSP contributions of 55 cents.
Steelworkers say mediated talks with US Steel continue ahead of court hearing
Union is opposing company’s request for permission to stop paying certain benefits to retirees.
Pension managers must consider climate change risks: legal study
Rising temperatures will cause profound changes in the global economy and an uncertain regulatory environment.
Toronto Bombardier workers ratify collective agreements
Ratifications include improved pensions and job security, along with wage increases.
Workers on strike at Bombardier’s Thunder Bay plant
The manufacturer and Unifor have failed to reach an agreement on pension changes and benefit reductions.