Defined Benefit Plans Turning to the Digital Age
DB plans continue to be a vital part of how employees prepare for retirement. Fulfill your responsibility as a plan sponsor with Mercer’s leading edge technology.READ MORE
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Organizations that actively leverage their older, experienced workforce will be best positioned for the future of work, according to Mercer’s recently published report “Next Stage: Are You Age-Ready?”.
The solvency position of Canadian defined benefit pension plans dropped only slightly in the third quarter of 2019. Canadian plan sponsors could see the cost of their DB plans increase by close to 20 per cent due to lowering return expectations.
According to Mercer’s 2019/2020 Canadian Compensation Planning Survey, merit increase budgets have increased slightly in 2019 to 2.6% – an increase of 0.1% from the year before – and are projected to remain steady in 2020 as employers seek to define their employee value proposition.
Mercer's latest analysis of CEO compensation finds that median reported pay for top Canadian CEOs remained flat between 2017 and 2018. This analysis is based on the top 60 listed companies on the TSX in 2018 – called the TSX60.
Mercer has joined forces with Wealthsimple to create an easy-to-use digital saving and investing solution for the Canadian workforce