Latest news in Benefits Canada Archive

Global sales of mental-health drugs could hit US$40B by 2025 due to coronavirus

Global sales of mental-health drugs could hit US$40B by 2025 due to coronavirus

The mental-health repercussions of the coronavirus could see global sales of psychiatric drugs increase to more than US$40 billion by 2025, according to data and…

  • By: Staff
  • April 7, 2020 November 12, 2020
  • 15:00

Legal considerations for pension plan sponsors on design changes amid coronavirus

Financial hardship is hitting employers across Canada and they’re starting to make difficult choices around cost-cutting measures within their businesses. “Some plan sponsors may be…

How to talk about pensions and benefits during coronavirus

How to talk about pensions and benefits during coronavirus

The coronavirus pandemic has hit us all hard, and pensions and benefits are no exception. The pandemic has implications for out-of-country emergency travel insurance, disability benefits…

PSP investing in real estate advisory and tech firm

PSP investing in real estate advisory and tech firm

The Public Sector Pension Investment Board is making a strategic investment in SitusAMC, which provides advisory, outsourcing, talent and technology solutions to both the commercial and…

  • By: Staff
  • April 6, 2020 November 12, 2020
  • 15:51
CPPIB appoints head of San Francisco operations

CPPIB appoints head of San Francisco operations

The Canada Pension Plan Investment Board is appointing Judy Wade as managing director and head of the San Francisco offices it set up in August 2019. In…

  • By: Staff
  • April 6, 2020 November 12, 2020
  • 15:45
Consulting firm urging government for non-punitive RRSP withdrawal plan

Consulting firm urging government for non-punitive RRSP withdrawal plan

George & Bell Consulting Inc. is calling on the federal government to allow non-punitive withdrawals from registered retirement savings plans for Canadians to meet their…

81% of Canadians say coronavirus is negatively affecting their mental health: survey

Morneau Shepell Ltd.’s latest monthly mental-health index, which includes a measure of how the coronavirus pandemic is impacting Canadian workers’ mental health, has reached a new…

  • By: Staff
  • April 6, 2020 March 29, 2021
  • 15:15
Winnipeg Police Association wins pension grievance against City

Winnipeg Police Association wins pension grievance against City

An arbitrator has ruled in favour of the Winnipeg Police Association in its dispute with the City of Winnipeg over the police pension plan. The association…

How will the coronavirus impact long-term disability claims?

The coronavirus pandemic is expected to impact employers’ short-term disability claims’ experience as workers fall ill and require time off work to recover from the virus,…

Investment portfolio rebalancing in the time of coronavirus

Investment portfolio rebalancing in the time of coronavirus

Due to market volatility caused by the coronavirus, pension plans may be finding themselves offside their investment policies as their assets have drifted. Typically, pension…

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Former Caisse CEO named chair of Canada Infrastructure Bank

The federal government is shaking up the people in the top spots at the Canada Infrastructure Bank, including saying goodbye to the chief executive and…

Canadian employers increasing safety measures but not pay for frontline workers: survey

Canadian employers increasing safety measures but not pay for frontline workers: survey

While many Canadian employers are increasing safety measures for their frontline workers during the coronavirus pandemic, a minority are increasing pay or considering doing so, according…

  • By: Staff
  • April 3, 2020 November 12, 2020
  • 15:15
Coronavirus emergency response benefit doesn’t go far enough, say gig workers

Coronavirus emergency response benefit doesn’t go far enough, say gig workers

Alexander Kurth is planning to apply for the new Canada Emergency Response Benefit once the application is available on Monday. But despite being a gig…

Walmart Canada rolls out free virtual health care to all staff

Walmart Canada rolls out free virtual health care to all staff

Walmart Canada has introduced a free virtual health-care platform for employees in response to the coronavirus. The service, through EQ Care, has been available to about 90,000…

Canadian DB solvency levels dropped double digits in Q1

Canadian DB solvency levels dropped double digits in Q1

Canada’s defined benefit plans have had a rough quarter. According to Aon’s median solvency ratio, DB plans fell to an average solvency of 89.1 per…

  • By: Staff
  • April 3, 2020 November 12, 2020
  • 09:30
MindBeacon launches digital mental-health programs to help Canadians with coronavirus-related stress

MindBeacon launches digital mental-health programs to help Canadians with coronavirus-related stress

MindBeacon is launching a new digital mental-health program, called Stronger Minds, to support all Canadians through heightened stresses related to the coronavirus pandemic. “We, as…

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A coronavirus game plan for defined benefit pension plans

The novel coronavirus has introduced unprecedented volatility to financial markets and is taking its toll on pension plans. We’ve seen sharp corrections in most equity…

Gather data on CAP member behaviour to inform communications in a crisis

Gather data on CAP member behaviour to inform communications in a crisis

In normal circumstances, pension plan members don’t respond well to being inundated with information about their plans. Typically, a deluge of content can turn off…

Canadian pension players making donations, investments to alleviate coronavirus pressure

Canadian pension players making donations, investments to alleviate coronavirus pressure

With a world in turmoil, some of Canada’s public pension plans and investment managers are considering how they can use their economic clout to help.…

PSP, Alberta Teachers’ complete purchase of AltaGas Canada

PSP, Alberta Teachers’ complete purchase of AltaGas Canada

The Public Sector Pension Investment Board and the Alberta Teachers’ Retirement Fund Board have completed the purchase of all 30,000,000 common shares of AltaGas Canada Inc. Through the…

  • By: Staff
  • April 2, 2020 November 12, 2020
  • 08:30
Employers using hiring, wage freezes to combat effects of coronavirus: survey

Employers using hiring, wage freezes to combat effects of coronavirus: survey

With the coronavirus continuing to affect businesses across North America, employers are eyeing a number of cost-containment strategies, including hiring freezes, wage freezes and delayed…

  • By: Staff
  • April 1, 2020 November 12, 2020
  • 15:15
Trucking company providing mental-health app for staff during coronavirus crisis

Trucking company providing mental-health app for staff during coronavirus crisis

Trimac Transportation is partnering with Calgary-headquartered wellness app Headversity to provide mental-health and resilience training for its workers. Truckers have been experiencing elevated levels of stress…

  • By: Staff
  • April 1, 2020 November 12, 2020
  • 15:00
Sounding Board: Communicating pension programs during a crisis

Sounding Board: Communicating pension programs during a crisis

In the midst of an unusual or unsettling situation, such as the coronavirus pandemic, pension plan sponsors should remember that both defined benefit and capital…

  • April 1, 2020 November 30, 2020
  • 09:00
OSFI temporarily freezes portability transfers, annuity purchases due to coronavirus

OSFI temporarily freezes portability transfers, annuity purchases due to coronavirus

The Office of the Superintendent of Financial Institutions is introducing some measures to help federally regulated private defined benefit pension plans get through the difficult…

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Ontario Teachers’ posts 10.4% gains for 2019, focuses on maintaining certainty

The Ontario Teachers’ Pension Plan posted a net return of 10.4 per cent for 2019, bringing net assets to $207.4 billion. Its $20.2 billion in…