The annual Benefits & Pension Summit, which was hosted virtually on June 1, is the only Benefits Canada event that brings together health benefits and capital accumulation plans in one event.
This year, delegates heard the results of Benefits Canada‘s exclusive CAP Member Survey with a panel of experts discussing the findings, case studies from two leading Canadian employers, a session on what millennials expect from their employers and a session on which chronic diseases drove drug claims in 2022.
Find out what you missed!
iA Financial Group
For many people, the day-to-day cost of living is going up faster than their salaries and affecting household budgets, said Dean Newell, vice-president of Actuarial Solutions Inc.
TD Bank Group
TD Bank Group credits its culture of care for the recent enhancements to its benefits plan. “We place a great amount of emphasis and focus on this, which is a key element of our [employee] promise,” said Susy Michor, the bank’s vice-president of human resources, global retirement benefits and well-being.
Since 2016, millennials have made up a larger share of the working population than baby boomers — and today, one in three Canadians of working age is a millennial, according to Charmaine Alexander, senior advisor in disability management at Desjardins Insurance.
Three main drug categories — diabetes, asthma and stimulants for attention deficit hyperactivity disorder — accounted for rising drug claims in 2022, according to Lavina Viegas, Telus Health's director of client account management.
Citing a variety of surveys, Terry-Lynn Levy, manager of human resources, benefits, wellness and HR information systems at Fluor Canada, said more than a third of Canadians cite money as their biggest financial concern and people experiencing financial stress are twice as likely to report poor overall health.