Pension Pulse

Freschia Gonzales of Benefits and Pensions Monitor reports  Canada's private sector shed 25,800 pension members in 2024: Canada's private sector lost 25,800 registered pension plan members in 2024 even as national membership climbed to nearly 7.4m, exposing a widening split between public and private workplace retirement coverage.  The overall gain of 132,000 members, or 1.8 percent, from 2023 came almost entirely from public plans.   According to Statistics Canada, public sector plans added nearly 157,900 participants, a 4 percent increase, taking the public total to just over 4m.  ...

Josh Welsh of Benefits and Pensions Monitor reports  IMCO adds $300 million in pension assets with Hamilton mandate: The Investment Management Corporation of Ontario (IMCO) has been selected to manage approximately $300 million in pension assets for the City of Hamilton, consolidating three legacy defined benefit (DB) plans that cover more than 1,000 retirees, deferred members and beneficiaries, according to its press release Thursday. According to the organization, the mandate will require an onboarding process during which IMCO will work with the city on investment decision-making and transition planning for the legacy portfolios ...