Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 03 May 2024 21:03:19 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Canada Life facing gov’t financial sanctions following delayed benefits access for public employees https://www.benefitscanada.com/benefits/health-benefits/federal-government-imposes-financial-sanctions-on-canada-life-following-delayed-benefits-access-for-public-employees/ Fri, 03 May 2024 19:00:38 +0000 https://www.benefitscanada.com/?p=155163 The federal government has begun imposing financial sanctions on the Canada Life Assurance Co. after months of outcry from public servants, retirees and their families who were left fighting for medical claims to be covered, according to a report by the Canadian Broadcasting Corp. Public Services and Procurement Canada said it’s “taking steps to address startup delays faced by […]

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]]> ESG standards helping institutional investors realize positive annualized returns: study https://www.benefitscanada.com/canadian-investment-review/research-markets/esg-standards-helping-institutional-investors-realize-positive-annualized-returns-study/ Fri, 03 May 2024 19:00:32 +0000 https://www.benefitscanada.com/?p=155134 Environmental, social and governance standards have helped investors generate positive annualized returns, with environmental investments leading the pack globally, according to a new study from Amundi Asset Management. The study reviewed the annualized financial returns of long-short portfolios designed with a broad ESG theme and a more specialized approach in North America, Europe, China, India, […]

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]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-81/ Fri, 03 May 2024 13:00:52 +0000 https://www.benefitscanada.com/?p=155136 A story on how private payers are implementing preferred pharmacy networks to reduce benefits plan costs was the most-read story on BenefitsCanada.com this week. Here are the top five human resources, benefits, pension and investment stories of the past week: 1. More private payers seeking to reduce costs turning to preferred pharmacy networks: expert 2. Chipotle expanding […]

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]]> GreenShield, Unifor agreement includes pension, benefits gains https://www.benefitscanada.com/benefits/health-benefits/greenshield-unifor-agreement-includes-pension-benefits-gains/ Fri, 03 May 2024 13:00:16 +0000 https://www.benefitscanada.com/?p=155133 The union representing more than 600 employees at GreenShield Canada in Toronto and Windsor, Ont. has ratified a three-year collective agreement that includes pension and benefits gains, ending a strike that began on March 1. The agreement includes a $1.50 increase to the defined benefit pension plan for each year, bringing employees from a $71 […]

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]]> 55% of Canadian workers say employer-sponsored health benefits don’t meet their needs: survey https://www.benefitscanada.com/benefits/health-wellness/55-of-canadian-workers-say-employer-sponsored-health-benefits-dont-meet-their-needs-survey/ Thu, 02 May 2024 19:00:25 +0000 https://www.benefitscanada.com/?p=155130 More than half (55 per cent) of Canadian employees say their employer-sponsored health benefits don’t fully meet their needs and two-fifths (42 per cent) say a lack of timely access to their health-care provider may be negatively impacting their health, according to Telus Health’s latest mental-health index. The survey, which polled 3,000 employees, found the […]

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]]> Report finds critical lack of workplace support for menopausal employees https://www.benefitscanada.com/benefits/health-wellness/report-finds-critical-lack-of-workplace-support-for-menopausal-employees/ Thu, 02 May 2024 13:00:44 +0000 https://www.benefitscanada.com/?p=155078 While menopause impacts more than half of the workforce, there’s a critical lack of support in the workplace for women employees experiencing health issues related to menopause, according to a new report by McLean & Co. Menopause is a natural stage of life with symptoms that can vary greatly, including emotional symptoms like anxiety and […]

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]]> CPPIB sells 2.78% stake in India logistics firm https://www.benefitscanada.com/news/cppib-sells-2-78-stake-in-india-logistics-firm-delhivery/ Wed, 01 May 2024 19:00:57 +0000 https://www.benefitscanada.com/?p=155072 The Canada Pension Plan Investment Board is selling 2.78 per cent of its stake in India-based supply chain and logistics operator Delhivery Ltd. The total value of the deal is roughly $110 million. Following the transaction, the CPPIB still holds a 3.18 per cent stake in the firm. The transaction also appeared in block deal […]

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]]> 90% of U.S. workers have ‘rage applied’ for a job in the last 6 months: survey https://www.benefitscanada.com/benefits/health-wellness/90-of-u-s-workers-have-rage-applied-for-a-job-in-the-last-6-months-survey/ Wed, 01 May 2024 19:00:16 +0000 https://www.benefitscanada.com/?p=155079 A majority (90 per cent) of U.S. workers have “rage applied” for a new job in the last six months, according to a new survey by Bold Ltd. The survey, which polled more than 1,200 employees, found nearly nine in 10 (88 per cent) said they’ve experienced burnout, with roughly a quarter noting they think about quitting their job every […]

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]]> More private payers seeking to reduce costs turning to preferred pharmacy networks: expert https://www.benefitscanada.com/benefits/health-benefits/more-private-payers-seeking-to-reduce-costs-turning-to-preferred-pharmacy-networks-expert/ Wed, 01 May 2024 13:00:24 +0000 https://www.benefitscanada.com/?p=154972 As more insurers turn to preferred pharmacy networks to decrease costs, their efforts are being met with some resistance by plan members who may be finding it difficult and inconvenient to switch pharmacy providers. In January, Manulife Financial Corp.’s move to a preferred pharmacy network with Loblaw Cos. Ltd.’s Shoppers Drug Mart was met with […]

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]]> Funded ratio of 100 largest U.S. corporate DB pension plans declines to 98.4% in fiscal 2023: report https://www.benefitscanada.com/canadian-investment-review/research-markets/funded-ratio-of-100-largest-u-s-corporate-db-pension-plans-declines-to-98-4-in-fiscal-2023-report/ Wed, 01 May 2024 13:00:08 +0000 https://www.benefitscanada.com/?p=155012 The funded ratio of U.S. corporate defined benefit pension plans declined to 98.5 per cent in fiscal 2023 from 99.4 per cent in 2022, according to a new report by Milliman Inc. The report, which reviews the financial disclosures of the 100 largest U.S. public corporate DB plans, found their average return on investments was […]

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