PENAD ACQUIRES SECLONLOGIC

Kitchener, Ontario, Canada – April 9, 2021 – Penad Pension Services Limited is pleased to formally announce the acquisition of SeclonLogic, an Ontario-based provider of Defined Benefit Pension Plan and Group Benefits  administration software solutions. Penad and...

2021 YMPE ANNOUNCED

The Canada Revenue Agency (CRA) has recently announced the maximum pensionable earnings for 2021 will be $61,600, up from $58,700 in 2020. This represents close to 5% increase.    Contributors who earn more than $61,600 in 2021 are not required or...

US State Pension Shortfalls Get Worse

A new report from the PEW Charitable Trust shows that funding for public sector retirement plans in states across the US is getting worse. New Jersey, for example, has only set aside 38% of what it needs to meet its pension commitments. Because public sector workers’...