Getting Rising Health and Dental Benefit Costs Off the Books

Getting Rising Health and Dental Benefit Costs Off the Books

Similar to defined benefit pension plans, traditional health and dental benefit plans are like an open-ended liability for employers. Providing health and dental benefits to employees has always been costly and it isn’t getting any cheaper – health care costs have doubled over the past decade. In the 1980’s and 1990’s when pension surpluses wereContinue Reading

Outsourcing Pension Risk through Group Annuity Purchases

Outsourcing Pension Risk through Group Annuity Purchases

Group annuity purchases have been in the headlines a lot lately and rightfully so. Group annuity purchases have always been an option for plan sponsors looking to de-risk their defined benefit pension plan. With many pension plans returning to fully funded status, this once-costly option looks a lot more attractive today. Related article:  What youContinue Reading

De-risking your pension plan

De-risking your pension plan

With private sector pension plans at their healthiest level in over a decade, now could be the right time to consider de-risking your pension plan (defined benefit). Four in 10 defined benefit pension plans – 40 per cent – reached fully funded status at the close of 2013, according to pension consulting firm Mercer. WhatContinue Reading

Drug Plan Management – What Employers are Saying

This article was published by www.businesshealth.ca in their November 2013 Vol. 9-5 edition Have you ever wondered how your drug benefit plan compares to others? Are you an outlier or within the norms? What issues affect your decisions? Surprisingly, no one has asked – until recently, that is. In March 2012, PMG Intelligence, a market researchContinue Reading

Stock Market Historical data

I like numbers so I don’t shy away fro the fact that I like statistical analysis and data.  As a result, I’ve collected some data on the stock markets that may be interesting to some people. Before I show you the stock market historical data, I want to put forth my disclaimer: This data hasContinue Reading

New Financial Planning Data for 2014

A new year means new limits and data.  Here’s a list of new financial planning data for 2014 (In case you want to compare this to past years, I’ve included old data as well). Pension and RRSP contribution limits The new limit for RRSPs for 2014 is 18% of the previous year’s earned income orContinue Reading

Defined Benefit Pension Plans are costly to employers

Defined Benefit Pension Plans are costly to employers

Deferred vested members (fully vested members who delay commencing their pension until retirement) have always been a headache for defined benefit pension plan sponsors. Defined contribution pension plan sponsors are fortunate not have to deal with this issue – members simply elect to transfer their account balance when they terminate employment and are off theContinue Reading

Building a successful Group Retirement Plan

I recently watched a video from Great-West Life about some research collected from the 2013 CAP Benchmark Report.  In this video, Jeff Aarssen walks through some strategies from the research to help create and maintain a successful Group Retirement Plan. Early Enrollment Most plans have an eligibility period on their plans before employees can joinContinue Reading