Latest news in Benefits Canada News

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Nearly half of U.S. employees feeling burnt out at work: survey

Despite incidences of burnout dropping five percentage points over the past year, two-fifths (45 per cent) of U.S. employees say they’re feeling burnt out at…

  • By: Staff
  • August 23, 2023 August 23, 2023
  • 15:00

Survey finds longevity literacy tied to regular retirement planning, saving

Nearly three-quarters (72 per cent) of U.S. employees with strong longevity literacy are saving for retirement on a regular basis, compared to 58 per cent…

  • By: Staff
  • August 23, 2023 August 22, 2023
  • 15:00
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How recent Canada Labour Code updates are impacting federally regulated employers

There have been several changes to the Canada Labour Code in recent months. Here’s an overview of what’s happened and what’s on the horizon for…

B.C. Transit’s Fraser Valley workers joining CAAT’s DBplus pension plan

B.C. Transit’s Fraser Valley bus drivers are joining the Colleges of Applied Arts and Technology’s DBplus pension plan. After a strike action that lasted 124…

77% of U.S. employers reporting increase in employees’ mental-health needs: survey

More than three-quarters (77 per cent) of large U.S. employers are reporting an increase in mental-health needs among their workforces, according to a new survey…

  • By: Staff
  • August 22, 2023 August 22, 2023
  • 15:00
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Updates to FSRA pension administration guidance will strengthen language around legal risks: expert

The Financial Services Regulatory Authority of Ontario is seeking feedback on proposed updates to its guidance on pension plan administrator roles and responsibilities. The updates…

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OMERS reporting 3.1% return in first half of 2023, driven by public equities

The Ontario Municipal Employees’ Retirement System is reporting a total fund net return of 3.1 per cent for the six-month period ended June 30, 2023.…

  • By: Staff
  • August 22, 2023 August 21, 2023
  • 09:00

U.S. employer-sponsored health benefits costs expected to rise 7% in 2024: survey

The costs of U.S. employer-sponsored medical benefits are expected to rise seven per cent in 2024, according to a new survey by the International Foundation…

  • By: Staff
  • August 21, 2023 August 21, 2023
  • 15:00
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Ontario DB pension plans return 0.7% in Q2 2023: FSRA

Ontario-based defined benefit pension plans returned, on average, 0.7 per cent on their investments in the second quarter of 2023, according to a new report…

  • By: Staff
  • August 21, 2023 August 18, 2023
  • 09:00
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Report finds fewer employees going above and beyond in their jobs

Two-thirds (66 per cent) of employees worldwide say they’re motivated to go above and beyond in their job, down from 69 per cent in 2020,…

  • By: Staff
  • August 18, 2023 August 18, 2023
  • 15:00
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Report calls for more illiquid assets in DC pension plans’ target-date funds

Diversifying target-date funds by incorporating illiquid assets — such as private equity, real estate and infrastructure — could result in a 0.15 per cent annual…

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Top 5 HR, benefits, pension and investment stories of the week

An article on how artificial intelligence is impacting benefits communication was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news…

  • By: Staff
  • August 18, 2023 August 17, 2023
  • 09:00

Half of Canadian employers have finalized approach to balancing in-office, remote work: survey

More than half (55 per cent) of Canadian employers have finalized their approach to balancing in-office and remote work, up from 49 per cent in the fourth quarter of last…

IMCO, PSP Investments acquiring German renewable energy company

A group that includes the Investment Management Corp. of Ontario, the Public Sector Pension Investment Board and private investment firm Sandbrook Capital is acquiring a…

  • By: Staff
  • August 17, 2023 August 16, 2023
  • 11:00

Caisse returns 4.2% in first half of 2023, boosted by exposure to tech sector

The Caisse de dépôt et placement du Québec is reporting a net return of 4.2 per cent for the first half of 2023. The result…

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37% of U.S. employers say attraction, retention is No. 1 reason to offer non-qualified retirement plans: survey

More than a third (37 per cent) of U.S. employers that offer a non-qualified retirement plan say attraction and retention of key talent is their…

  • By: Staff
  • August 17, 2023 August 16, 2023
  • 09:00

Amazon rolls out family-support program in 50 countries

Amazon is expanding its family-building support program outside of Canada and the U.S., making it available to full-time, part-time and hourly employees in 50 additional…

  • By: Staff
  • August 16, 2023 August 14, 2023
  • 15:00
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Ontario Teachers’ reporting 1.9% return, $17.5BN surplus in first half of 2023

The Ontario Teachers’ Pension Plan is reporting a total fund net return of 1.9 per cent for the six-month period ended June 30, 2023. The…

  • By: Staff
  • August 16, 2023 August 15, 2023
  • 09:00
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IKEA Canada offering emergency grants, discounts to help workers combat inflation

IKEA Canada is supporting employees amid the rising cost of living by offering emergency relief grants through its Ingka Social Fund and extra discounts on…

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43% of U.S. DC pension plan sponsors offering auto-escalation: survey

More than two-fifths (43 per cent) of U.S. defined contribution pension plan sponsors say their plan offers automatic escalation, up from 21 per cent in…

  • By: Staff
  • August 15, 2023 August 15, 2023
  • 15:00
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How employers can alleviate labour challenges by supporting older workers who want to stay on the job

Employers can alleviate labour challenges by supporting older employees who want to continue working through training and opportunities, says Lisa Taylor, an associate fellow at…

Community Support Centre, Unifor agreement includes group RRSP, benefits gains

The union representing employees at Community Support Centre-Northwest in Dryden, Ont. has ratified a three-year agreement that includes retirement savings and benefits gains. The agreement…

  • By: Staff
  • August 15, 2023 August 15, 2023
  • 09:00
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U.S. workers say they’ll need average of $4,940 a month income in retirement: survey

U.S. workers forecast they’ll need an average $4,940 monthly income to enjoy a comfortable retirement, according to a new survey by Schroders. The survey, which…

  • By: Staff
  • August 14, 2023 August 14, 2023
  • 15:00

CPPIB returns -0.8% in Q1 2024, with fixed income assets down due to higher interest rates

The Canada Pension Plan Investment Board returned negative 0.8 per cent during the first quarter of fiscal 2024, according to its latest quarterly report. By…

  • By: Staff
  • August 14, 2023 August 11, 2023
  • 09:00

41% of Canadian employees plan to change jobs by the end of 2023: survey

Two-fifths (41 per cent) of Canadian employees say they’re either already looking or plan to look for a new job before the end of the…

  • By: Staff
  • August 11, 2023 August 11, 2023
  • 15:00