Articles

Articles

Read about what's going on in the industry to ensure you're always in the know and up to speed on industry changes and policies.

Making Postretirement Plans and Senior Care More Effective
 

Over the past decade, a movement to reduce – or eliminate – retiree coverage within employer-sponsored benefit plans has become the trend, creating serious concern for the future welfare of Canada’s seniors from both health and financial perspectives. 

Ellen Whelan, Principal and Group Benefits practice leader at Eckler Ltd., explores what can be done today to avoid pushing Canada’s retirees into financial crisis tomorrow. 

Reproduced with permission from Plans & Trusts, Volume 36 Number 4, pages 18-22, July/August 2018, published by the International Foundation of Employee Benefit Plans (www.ifebp.org), Brookfield, Wisconsin. All rights reserved. Statements or opinions expressed in this article are those of the author and do not necessarily represent the views or positions of the International Foundation, its officers, directors or staff. No further transmission or electronic distribution of this material is permitted.

Reforms May Be the Death Knell for Target Benefit Plans
 

Recent and proposed pension reforms for target benefit plans (TBPs) – removing solvency funding requirements in favour of more stringent going-concern standards – are a move in the right direction. However, in the process, governments appear to have lost sight of the ultimate purpose of pension plans: providing members with reasonable pensions based on fixed contributions made by members and employers. This singular focus on protecting benefits at the expense of providing adequate pension levels will have unexpected consequences and could threaten the growth, or even the survival, of TBPs.

Pension risk transfer report: Navigating the pension risk transfer market
 

In our inaugural report, we explore some of the key themes driving the Canadian pension risk transfer (PTR) landscape. Given its rapid evolution, it’s critical that plan sponsors have the tools and information they need to navigate today’s PRT market. That’s why we sat down with each of the insurers currently active in the Canadian PRT market for an in-depth discussion on the current state of the market and their thoughts on the future. Through these discussions, our own reflections on the PRT market and our ongoing risk transfer consulting for our clients, we’ve assembled the following four thought pieces: 

  • Market growth, players and innovation. Developments that have shaped today’s PRT market 
  • Key PRT market trends. What to expect in the coming years 
  • What’s the big deal? The impact of transaction size on the risk transfer journey 
  • The importance of longevity. A critical element of risk transfer

For full details, download a copy of the report. 

The New Revolution in Retirement Income Adequacy
 

For years, people have used the 70% target for employment earnings replacement in retirement. But new research finds that old rule of thumb has no scientific basis  – and it’s definitely not for everyone!

In this exclusive interview, Canadian actuary and academic researcher Bonnie-Jeanne MacDonald explains why we need to scrap the 70% rule – and use the Living Standard Replacement Rate (LSRR) instead.

New insights Into pensioner mortality in the construction trades
 

In this Plans & Trusts article, Mark Davis and Domenic Barbiero, discuss the findings of Eckler's Construction Trades Mortality Study.

Reproduced with permission from Plans & Trusts, Volume 34 Number 3, pages 8-15, May-June 2016, published by the International Foundation of Employee Benefit Plans (www.ifebp.org), Brookfield, Wisconsin. All rights reserved.

5 tips for getting plan members to open your materials
 

Use Susan Deller's 5 tips for getting plan members to open your communication materials.

Reprinted with permission from Benefits Canada.

Sterling reputation built on quality - Eckler recognized as Canada's 10 Most Admired Corporate Cultures
 

In this National Post article, Managing Principal Jill Wagman discusses how Eckler’s continued success and growth depends entirely on the firm’s ability to attract, motivate and retain exceptional people. Eckler is honoured to once again be recognized as one of Canada's 10 Most Admired Corporate Cultures by Waterstone Human Capital. 

Reprinted with permission of the National Post.

ORPP will deliver a serious dose of pension awareness
 

The ORPP offers Ontario employers and employees a unique chance to discuss retirement income adequacy and boost financial literacy. Read Susan Deller's latest Benefits Canada column to find out why.

Reprinted with permission from Benefits Canada.

Eckler Ltd. recognized as one of Canada’s 10 Most Admired Corporate Cultures of 2015
 

At Eckler, our culture drives our firm’s success. So, we’re thrilled to once again be recognized as one of Canada’s 10 Most Admired Corporate Cultures.

Shared experience: Eckler’s Construction Trades Mortality Study
 

Eckler’s Construction Trades Mortality Study offers groundbreaking analysis of pensioner mortality in Canadian multi-employer construction trades pension plans. This research can help industry plans improve the mortality assumptions used in their valuations—leading to more effective and insightful plan management.

  • For an executive summary of the study findings, click here.
  • For full details, download a copy of the study report, Shared Experience.