News

2022 YMPE Announced

The Canada Revenue Agency (CRA) has recently announced the maximum pensionable earnings for 2022 will be $64,900, up from $61,600 in 2021, which represents an increase of over 5%. Contributors who earn more than $64,900 in 2022 are not required or permitted to make...

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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...

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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’...

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