Morneau Shepell, the largest company in Canada offering human resources consulting and outsourcing services, today announced that it has launched a new website focusing on the sustainability of Canadian pension plans.
The launch of the “Pensions Built to Last” website comes at a time when the pension landscape in Canada is rapidly evolving. The site aims to inform and educate pension plan stakeholders on relevant topics including current legislation, recent news and alternative pension plan design. The website also describes Morneau Shepell’s Pension Health Check, a review which can be used to help stakeholders to examine the sustainability of their pension plans.
“The challenges of both defined benefit and defined contribution plans are widely acknowledged and have sparked much innovative thinking on viable pension plan design options,” said Fred Vettese, Morneau Shepell’s Chief Actuary. “Whether you are a plan sponsor, government, union representative, small business, or interested citizen, you should find the information on the site insightful and interesting.”
“Pension programs have to be resilient if they are to be successful,” said Mel Bartlett, Managing Partner, Atlantic Canada. “Inadequate and insecure pensions represent a huge financial challenge for all Canadians. Many programs are struggling with how to reduce and/or rebalance risk levels that are making existing arrangements untenable. The ‘Pensions Built to Last’ website provides an overview on how to help achieve a sustainable program through alternative pension plan design. We will be updating and adding to the site regularly to keep the content current and useful.”
Morneau Shepell assists in the development of retirement solutions that are focused on long-term sustainability. The Company helps plan sponsors design and implement affordable, resilient pension plans that produce income security throughout retirement.