Latest news in Benefits Canada News

2023 DC Plan Summit: A look at McGill University’s search for a comprehensive decumulation solution

While McGill University has factored decumulation into its pension plan for decades, the plan sponsor is continually fine tuning these strategies for members, said John…

2023 DC Plan Summit: Demystifying what ESG means for DC pension plans

While there’s a lot of noise and confusion around environmental, social and governance factors, it comes down to delivering value for investors in terms of…

2023 DC Plan Summit: Exploring secular trends and the impacts on retirement outcomes

Factors such as population demographics, productivity and geopolitics impact economic growth and, by extension, the retirement outcomes of defined contribution pension plan members over longer-term…

2023 DC Plan Summit: Tips for getting more retirement income with less risk

Even though it sounds obvious, maximizing retirement income and making it last for life isn’t what drives most retirees when it comes to making decisions…

2023 DC Plan Summit: Mitigating longevity risk key to ensuring income for life for DC plan members

Mitigating longevity risk is key to solving the decumulation challenge, said Pat Leo, Purpose Investments Inc.’s vice-president of longevity retirement solutions, during a session at Benefits Canada‘s 2023…

2023 DC Plan Summit: Eight billion reasons why capital investment matters again

With eight billion people consuming the planet’s resources, assets such as clean energy and sustainable agriculture are becoming increasingly important to institutional investors, said John…

2023 DC Plan Summit: Keep it simple, thoughtful and measurable to engage millennials in retirement savings

With multiple generations in Canada’s diverse labour force, each generation has distinct needs and expectations, with millennials, in particular, creating increasing challenges for plan sponsors.…

2023 DC Plan Summit: Amazon fostering holistic financial literacy, wellness among employees

Any new benefit introduced at Amazon has to align to its 16 leadership principles, which the organization lives and breathes every day. These include: learn…

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Parliamentary subcommittee investigating Canadian public sector pension allocations to China

Representatives from six of Canada’s largest public sector pension investment organizations addressed a special parliamentary committee on Monday. The special committee on the Canada–People’s Republic…

  • By: Staff
  • May 11, 2023 March 28, 2024
  • 12:30
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Vestcor posts 3.63% loss for 2022

Vestcor Investment Management Corp., an organization that manages the investment and administration of 11 public sector pension plans in New Brunswick, saw its investment decline…

  • By: Staff
  • May 11, 2023 May 11, 2023
  • 12:30
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Canadian DB pension plan assets rise 1.9% in April: report

A typical Canadian defined benefit pension plan’s funded position improved on a solvency basis and decreased on an accounting basis in April as a result…

  • By: Staff
  • May 11, 2023 May 11, 2023
  • 12:00

Majority of U.S. DC pension plan sponsors say data, privacy concerns impacting adoption of new tools: survey

A majority of U.S. defined contribution pension plan sponsors say they have some (70 per cent) or significant (10 per cent) concerns over data sharing…

  • By: Staff
  • May 11, 2023 May 11, 2023
  • 09:00
Furloughed WestJet workers demand clarity on wage subsidy program amid pay cut

WestJet, Unifor agreement includes pension, benefits gains

The union representing 350 WestJet employees at Toronto’s Pearson International Airport has ratified a 2.5-year collective agreement that includes pension and benefits gains. The agreement…

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Nine-day fortnight can significantly improve flexibility, work-life balance: expert

Offering a nine-day fortnight to employees can significantly improve flexibility and work-life balance, says Kim Siddall, national vice-president of account management of mid- and large-sized…

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92% of white-collar workers say they’re financially stressed: survey

The vast majority (92 per cent) of white-collar workers say they’re stressed about their finances, according to a new survey by BrightPlan. The survey, which…

  • By: Staff
  • May 10, 2023 May 10, 2023
  • 15:00

Expert panel: What does Canadian pension legislation say about polyamory?

In December 2022, the Supreme Court of Justice of Colombia released an unexpected decision: two men, who had been in a polyamorous relationship with a…

Employee turnover causes ripple effect, leads to more departures: study

Employers vastly underestimate the impact of workers leaving an organization on the staff left behind, leading to even more turnover, according to a new study…

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Ontario Teachers’ investing in telecom network, launching mixed use development in Montreal

The Ontario Teachers’ Pension Plan is investing in a wireless communications infrastructure company. Diamond Communications, which specializes in developing wireless network facilities to enhance internet…

  • By: Staff
  • May 9, 2023 May 9, 2023
  • 12:30

94% of Canadian workers say they’d look for new job if pay regularly delayed: survey

Nearly all (94 per cent) Canadian employees say they’d look for a new job if their pay was regularly delayed, according to a new survey…

  • By: Staff
  • May 9, 2023 May 8, 2023
  • 09:00

Canadian DB pension plans see median return of 4.23% in Q1 2023: report

Canadian defined benefit pension plans generated a median return of 4.23 per cent for the first quarter of 2023, according to the BNY Mellon Canadian…

  • By: Staff
  • May 9, 2023 May 8, 2023
  • 09:00

Survey finds 40% of Canadian gen Z employees at a mental-health ‘breaking point’

Roughly 40 per cent of generation Z employees say they’re at a mental-health “breaking point,” according to a new survey by Boston Consulting Group. The…

  • By: Staff
  • May 8, 2023 May 8, 2023
  • 15:00

Survey finds 40% of workers taking time off due to mental-health concerns

Two-fifths (40 per cent) of Canadian employees say they’ve taken time off work in the last five years due to mental-health concerns, according to a…

  • By: Staff
  • May 8, 2023 May 8, 2023
  • 09:00
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41% of U.S. employers including retirement benefits information in onboarding process: survey

Two-fifths (41 per cent) of U.S. employers say they embed information on retirement benefits in their onboarding process, according to a new survey by XpertHR.…

  • By: Staff
  • May 8, 2023 May 9, 2023
  • 09:00
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UTE, CRA tentative agreement includes remote work protections, improved vacation

The Union of Taxation Employees and the Canada Revenue Agency have reached a tentative agreement that includes new protections around remote work and improved vacation.…

  • By: Staff
  • May 5, 2023 May 5, 2023
  • 15:00