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Global News
4 days ago
- Business
- Global News
Number of Canadians with pension plans jumped by 300K. Are you one of them?
An additional 293,500 Canadians enrolled as members of a registered pension plan in 2023, Statistics Canada data released Tuesday showed. According to a StatCan report, the number of Canadians who were active members of a registered pension plan (RPP) grew by 4.2 per cent to a total of roughly 7.2 million in 2023. Of these, 4.9 million members were part of a defined benefit plan, which is a type of pension plan in which an employer or sponsor promises a specified pension payment, lump sum or a combination of the two on retirement. In a defined benefit plan, the pension amount depends on an employee's earnings history, tenure of service and age, rather than on individual investment returns. Get weekly money news Get expert insights, Q&A on markets, housing, inflation, and personal finance information delivered to you every Saturday. Sign up for weekly money newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy This is in contrast to defined contribution plans, in which the employee's pension benefits are determined by the size of their pension pot at retirement, rather than by a predetermined formula based on their salary and service. Story continues below advertisement Employees have control over investment choices, and the benefits are not guaranteed. The number of new members in defined contribution plans rose by 65,300 members, an increase of 5.1 per cent compared with 2022. The number of Canadians enrolling in pension plans outpaced the employment growth rate. According to the Labour Force Survey, employment grew by 690,844, or 3.8 per cent, during the same period. More women than men joined RPPs between 2022 and 2023. There were 150,700 more women with membership in an RPP, an increase of 4.2 per cent from 2022 to 2023, taking their number beyond 3.7 million. The number of men with active RPP memberships increased by 142,800 in 2023 compared with one year earlier, bringing their total membership to just over 3.5 million. Women's share of active memberships held steady at 51.3 per cent in 2023. Memberships were up across the country, with all provinces except Manitoba seeing an increase in enrolments. There were 1,300 fewer Manitobans enrolled in RPPs compared with the previous year. The largest number of new RPP members was in Ontario, which saw 161,800 new members. This was followed by Quebec with 54,800 new members, British Columbia with 32,000 new members and Alberta with 18,700 new members.
Yahoo
17-06-2025
- Yahoo
Churchgoers Flee as Powerful Earthquake Interrupts Mass in Peru
One person is dead and dozens of others are injured after an earthquake hit Peru over the weekend Footage shows churchgoers in Lima as the 5.6 magnitude earthquake paused mass A 36-year-old Lima man died in the earthquake after a wall from a construction site fell on himOne person is dead and dozens of others are injured after a 5.6 magnitude earthquake hit near Lima, Peru, over the weekend. The deadly quake occurred around 11:35 a.m. local time on Sunday, June 15, in coastal waters near Lima and was also felt in nearby Callao, the United States Geological Survey (USGS) reported. Footage obtained by CTV News shows churchgoers in Lima running as the quake disturbed a mass. The earthquake killed a 36-year-old Lima man who had been standing by his car waiting for a passenger when a wall from a construction site fell on him, a police colonel told RPP radio, per the Associated Press. Actualización | Aumenta la cifra de heridos a 43, tras sismo de magnitud 6.1 en el Callao, según el @Minsa_Peru; 25 de ellos fueron dados de alta y 18 permanecen hospitalizados. El GORE Callao entregó Bienes de Ayuda Humanitaria a la MD de Mi Perú para los damnificados. (1/2) — COEN - INDECI (@COENPeru) June 16, 2025 Never miss a story — sign up for to stay up-to-date on the best of what PEOPLE has to offer, from celebrity news to compelling human interest stories. The Peruvian National Emergency Operations Center, which said the earthquake was a 6.1 magnitude, announced the number of injured rose to 43 on Monday, June 16, citing the Health Ministry in a post on X. Twenty-five people have been discharged and 18 remain hospitalized, according to an English translation of the message. The COES Culture Department reported damage to a wall of the Huaca Pucllana Site Museum, according to the Emergency Operations Center. Read the original article on People


Hindustan Times
16-06-2025
- Climate
- Hindustan Times
Lima, Peru earthquake: Chilling videos show devastation caused by 5.6 magnitude quake; one killed, several injured
A 5.6 magnitude earthquake struck off Peru's central coast on Sunday morning, shaking Lima and the nearby port city of Callao. Authorities confirmed one person was killed and 36 others were injured. According to the US Geological Survey, the quake occurred at 11:35 a.m. local time in the Pacific Ocean. Its epicenter was about 14 miles southwest of Callao, just west of the capital, Lima. Police Col. Ramiro Clauco told RPP radio that a 36-year-old man in northern Lima died while 'standing outside his vehicle waiting for a passenger' when a wall from the fourth floor of a nearby building under construction fell and struck him, as cited by Aljazeera report. In addition, the Emergency Operations Center reported 36 injuries in Lima. The agency also said there was damage to roads and some school buildings. Also Read: Why the surge in earthquakes lately? Could a bigger one be next? | Explainer President Dina Boluarte is expected to travel to Callao to oversee the situation, according to a statement posted on X by the Peruvian presidency. Hernando Tavera, head of the Geophysical Institute of Peru, told TV channel N that the quake was felt across all districts of Lima. Local radio said the tremor caused the cancellation of a major soccer match that was scheduled to be held in Lima. Users on X, formerly known as Twitter, shared several videos of the powerful earthquake and the landslide it triggered. Peru sits on the 'Ring of Fire,' a seismic zone around the Pacific Ocean where earthquakes and volcanoes are common. The country experiences more than 100 detectable earthquakes each year. The last major quake happened in 2021 in the Amazon region. It measured 7.5 in magnitude, injured 12 people, and destroyed over 70 homes. Peru's deadliest earthquake happened in 1970, in the Ancash region. That disaster caused landslides and killed around 70,000 people.


Arab Times
16-06-2025
- Climate
- Arab Times
Earthquake off Peru's coast shakes capital, leaving 1 dead, 5 injured
LIMA, Peru, June 16, (AP): A 5.6 magnitude earthquake that struck off Peru's central coast Sunday, rattling Lima and the port city of Callao, has left one person dead and five injured, authorities said. The earthquake happened at 11:35 a.m. local time in the Pacific Ocean, according to the United States Geological Survey. Its epicenter was located 23 kilometers (14 miles) southwest of Callao, west of the capital Lima. A 36-year-old man died in northern Lima while "standing outside his vehicle waiting for a passenger' when a wall from the fourth floor of a building under construction detached and fell on his head, Police Col. Ramiro Clauco told RPP radio. The five people injured are being treated in hospitals, the Emergency Operations Center said. The agency also reported damage to roads and educational centers. President Dina Boluarte is heading to Callao to monitor developments, the Peruvian presidency said on X. Footage shared by local media also showed cars hit by falling debris, damaged houses and collapsed billboards. All of Lima's districts felt the earthquake, Hernando Tavera, executive president of the Geophysical Institute of Peru, told local TV channel N. Local radio stations reported that a professional football match at Lima's Alberto Gallardo Stadium was paused for several minutes. A mass at Lima's cathedral was also interrupted, after frightened worshippers fled the scene. Peru is located along the Ring of Fire, a path along the Pacific Ocean characterized by frequent earthquakes and active volcanoes.


Egypt Independent
16-06-2025
- Climate
- Egypt Independent
An earthquake off Peru's coast shakes capital, leaving one person dead and 5 injured
AP — A 5.6 magnitude earthquake that struck off Peru's central coast Sunday, rattling Lima and the port city of Callao, has left one person dead and five injured, authorities said. The earthquake happened at 11:35 a.m. local time in the Pacific Ocean, according to the United States Geological Survey. Its epicenter was located 23 kilometers (14 miles) southwest of Callao, west of the capital Lima. A 36-year-old man died in northern Lima while 'standing outside his vehicle waiting for a passenger' when a wall from the fourth floor of a building under construction detached and fell on his head, Police Col. Ramiro Clauco told RPP radio. The five people injured are being treated in hospitals, the Emergency Operations Center said. The agency also reported damage to roads and educational centers. President Dina Boluarte is heading to Callao to monitor developments, the Peruvian presidency said on X. Footage shared by local media also showed cars hit by falling debris, damaged houses and collapsed billboards. All of Lima's districts felt the earthquake, Hernando Tavera, executive president of the Geophysical Institute of Peru, told local TV channel N. Local radio stations reported that a professional football match at Lima's Alberto Gallardo Stadium was paused for several minutes. A mass at Lima's cathedral was also interrupted, after frightened worshipers fled the scene. Peru is located along the Ring of Fire, a path along the Pacific Ocean characterized by frequent earthquakes and active volcanoes.