BE Responsive Newsletter

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Thursday 10 April 2025
Benefits Canada Daily Newsletters
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Top Stories

New York City pension funds pursuing legal action against Tesla, blames mismanagement for losses
In a statement, Brad Lander, the NYC comptroller, said Tesla made material misstatements about the active management time spent overseeing the firm by CEO Elon Musk. “In less than three months, Tesla stock has lost nearly 40% of its value, with losses over US$300 million for the New York City pension systems.”

Report finds average Canadian DB pension plan returns 2.8% in January
Telus Health’s latest pension index found the average funded position increased slightly on a solvency basis from 100% to 101.6% at the end of the month, while it rose to 101.8% on an accounting basis.

Talent retention a critical concern for employers ahead of IPO offerings: survey
More than half (53%) of respondents cited the offering of retention incentives as the most common compensation change associated with an IPO, followed by bonus structure modifications (40%), stock lockup periods (36%) and base salary increases (32%).

Careers

OASSIS — Benefits Administrator

To provide day-to-day support and service for OASSIS clients and be responsible for service and administration transactions, coverage and claim inquiries in accordance with established plan provisions and service agreements with our partners. The Benefits Administrator will provide a high level of customer service for OASSIS clients and establish exceptional working relationships with both clients and OASSIS partners.

From the Archives

Making sustainable investments count at five New York City pension funds
Brad Lander is advocating for public pension funds to enforce their responsible investment mandates even if that pits them against their partners. He gained public notoriety for his commitment to pushing shareholder resolutions against organizations like Citigroup, JPMorgan Chase and the Royal Bank of Canada.

Question of the Week

As a benefit administrator, I am getting questions from management about the ROI of our benefit, retirement and HR programs. What should I look for?

Answer from Massimo Nini, Senior Vice President, Consulting, Underwriting and Actuarial Services, AGA Benefit Solutions

In Case You Missed It

E.U. introducing new rules governing use of AI in the workplace
The E.U.'s AI Act, which is being implemented in stages through to Aug. 2, 2026, applies to all member states without the need for local legislation to be adopted, though some states may choose to do so, according to a report by WTW.

Economic volatility, demographic changes among factors shaping retirement plans: survey
More than half of U.S. pension plan sponsors say economic conditions like interest rate and market volatility (58%) and demographic changes (57%) are the market forces most likely to influence the evolution of employer-sponsored retirement plans, according to the survey by MetLife.

People Watch

Visit People Watch Page for more.

Conferences

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