Canadian Public Pension Leadership Council

We have some big news to share! CPPLC has launched a redesigned website. You can view it at www.cpplc.ca. The home page has a video about what CPPLC is, including interviews with some of the incredible people who have contributed through the years. Be sure to bookmark www.cpplc.ca and check back for updates and new research.

Sharing this incredible report on the economic impact of Ontario's defined-benefit pension plans. The Healthcare of Ontario Pension Plan (HOOPP), OPTrust and University Pension Plan provided funding and support for this Conference Board of Canada research. Some highlights we found interesting: ➡️ DB pension plans paid out $42.7 billion to beneficiaries in 2023, generating an incredible $60.9 billion in economic output for Ontario. ➡️ The spending of DB pension payments on goods, services and taxes contributed $34.6 billion or 3.2 per cent to Ontario's GDP. ➡️ DB pension payments also added $17.4 billion in government revenue, including $6.3 billion in provincial taxes.

Thanks for including me Benefits and Pensions Monitor. Very proud of the work I contribute to BC’s College, Teachers’ and Public Service pension boards. I’m also proud to co-chair the Canadian Public Pension Leadership Council.

This report from Ontario’s Pay Equity Office examines the root causes of the gender pension gap. It’s an interesting and detailed look at different factors that combine to produce lower pensions for women. Two major obstacles emerge in the research – Canada’s increasing reliance on private pensions, and women’s unequal share of unpaid family care work. 

In case you missed it – the Association of Canadian Pension Management shared comments on retirement planning from five people at different stages of their careers. This article provided a glimpse at challenges experienced by different generations and their attitudes toward retirement planning.  

The Association of Canadian Pension Management is offering a free course to help Canadians improve their knowledge of retirement savings. The course is self-paced and includes information on basic retirement savings concepts. The six modules each take about 20 to 30 minutes to complete. The content is targeted at working Canadians who are starting to think about retirement savings. Follow the link to learn more.

Sharing some very interesting research from the Ontario Securities Commission. The OSC partnered with Ipsos to survey Canadians 50 years of age or older. Their goal was to understand the experiences and expectations of retirees and pre-retirees. Some key findings: ◼ A notable number of retirees (15 per cent) and pre-retirees (24 per cent) rated their financial situation as poor. ◼ Many retirees (34 per cent) and pre-retirees (37 per cent) did not have any investment products.    You can find the full research report here:

Benefits Canada shared news of Cheldon Angus’ appointment as CPPLC co-chair. Check it out here:

CPPLC has a new co-chair. Please join us in welcoming Cheldon Angus, who will assume the role previously held by Alison McKay. Cheldon will join Karen McKeown as co-chairs of CPPLC as we continue our work to inform discussions about the value of Canada’s public sector pensions.   Cheldon is the Chief People and Technology Officer at the Saskatchewan Healthcare Employees’ Pension Plan. He oversees SHEPP’s information technology, human resources and enterprise risk functions. We are thrilled to benefit from his extensive experience and dedication to advancing pension leadership in Canada. Visit https://www.cpplc.ca to learn more about CPPLC.

CPPLC has a new co-chair. Please join us in welcoming Cheldon Angus, who will assume the role previously held by Alison McKay. Cheldon will join Karen McKeown as co-chairs of CPPLC as we continue our work to inform discussions about the value of Canada’s public sector pensions.   Cheldon is the Chief People and Technology Officer at the Saskatchewan Healthcare Employees’ Pension Plan. He oversees SHEPP’s information technology, human resources and enterprise risk functions. We are thrilled to benefit from his extensive experience and dedication to advancing pension leadership in Canada. Visit https://www.cpplc.ca to learn more about CPPLC.