Latest news in Benefits Canada News

Copyright_Wisawa Chinnacotra_123RF

Report finds higher member participation in 401(k) plans with auto-enrolment

U.S. 401(k) plans that feature automatic enrolment continue to yield higher plan member participation rates (86 per cent) than plans without auto-enrolment (37 per cent),…

  • By: Staff
  • April 26, 2023 April 26, 2023
  • 15:00

ACPM urging Retraite Québec to streamline approach to actuarial solvency valuations

The Association of Canadian Pension Management is urging Retraite Québec to streamline its approach to actuarial solvency valuations for pension plans with members outside of…

  • By: Staff
  • April 26, 2023 April 26, 2023
  • 09:00

KPMG in Canada extending long weekends for employees this summer

KPMG in Canada is continuing its Summer Splash program this year to help employees recharge and focus on their well-being. The professional services firm is…

A third of Canadians report worsening physical, mental and financial health: survey

Around a third of Canadians report their physical health (30 per cent), mental health (32 per cent) and financial situations (34 per cent) have worsened or…

  • By: Staff
  • April 26, 2023 April 25, 2023
  • 09:00

Caisse investing in Quebec asset management development organization, OMERS completing U$1 BN term note issuance

The Caisse de dépôt et placement du Québec is issuing $250 million to an organization that supports the institutional investment manager ecosystem in Quebec. The…

  • By: Staff
  • April 25, 2023 April 24, 2023
  • 12:30
Copyright_rostislavsedlacek_123RF

Survey finds 58% of U.S. employees significantly worried about personal finances, the economy

More than half (58 per cent) of U.S. employees say they’re significantly worried about one or more aspects of their personal finances, including saving for…

  • By: Staff
  • April 25, 2023 April 24, 2023
  • 09:00

Communication, education key to smooth transition to biosimilars: expert

With Yukon implementing a transitioning policy on April 3 to expand the use of biosimilar medicines in its public drug plan, it’s important for benefits…

Canadian pension plans’ average funded ratio reaches 120% in first quarter: report

The average Canadian pension plan’s funded ratio reached 120 per cent as of March 31, 2023, up one per cent over the quarter, while the average…

  • By: Staff
  • April 24, 2023 April 21, 2023
  • 15:00

Ontario Pension Board preparing for departure of two top executives

The Ontario Pension Board is announcing its plans for managing the coming departures of two of its top executives — Mark Fuller, president and chief…

Survey finds half of U.S. workers want an employer-sponsored retirement plan that offers emergency savings features

More than half (54 per cent) of employees without a workplace retirement savings plan — including 77 per cent of millennials — say they’d participate in…

  • By: Staff
  • April 24, 2023 April 21, 2023
  • 09:00

71% of Canadian employees say mental health impacted their ability to work in the past year: survey

Nearly three-quarters (71 per cent) of Canadian employees feel their mental health has interfered with their ability to work in the past year, according to…

  • By: Staff
  • April 21, 2023 April 21, 2023
  • 15:00

42% of global employees say lack of employer-provided fertility benefits is a ‘deal breaker:’ survey

More than four in 10 (42 per cent) global employees consider the availability of fertility benefits through their employer a ‘deal breaker’ in accepting a…

  • By: Staff
  • April 21, 2023 April 20, 2023
  • 09:00
Copyright_aberheide_123RF

Top 5 HR, benefits and pension stories of the week

An opinion piece on how certain aspects of the Quebec government’s rules and constraints on private drug plans affect pharmacy costs was the most-read story on BenefitsCanada.com…

  • By: Staff
  • April 21, 2023 April 21, 2023
  • 09:00

Canadian employee ownership trust model missing incentives for companies: expert

As the Canadian government develops its legislation to permit employee ownership trusts, the fact that the proposed model doesn’t include incentives is a big blow…

123rf.com/profile_voyata

Ontario Teachers’ highlights sustainable building opportunities in new report

As countries seek to reach net-zero carbon emissions targets by 2050, demand for buildings to be retrofit to improve energy efficiency will more than double,…

  • By: Staff
  • April 20, 2023 April 20, 2023
  • 12:30

CAAT remains 124% funded despite 2022 investment losses: annual report

The College of Arts and Technology pension plan’s assets dropped 2.3 per cent while its funded ratio on a going-concern basis remained at 124 per…

  • By: Staff
  • April 20, 2023 April 20, 2023
  • 12:00
Copyright_scyther5_123RF

How will crypto disclosure rules impact federally regulated pension plans?

In its 2023 budget, the federal government announced plans to require that federally regulated pension plan sponsors disclose their cryptocurrency asset exposure to the Office of…

Annual spend per private drug plan member up 6.3% in 2022: report

The annual spend per private drug plan member increased by 6.3 per cent in 2022, according to Express Scripts Canada’s annual drug trends report. Across…

  • By: Staff
  • April 20, 2023 April 19, 2023
  • 09:00
Copyright_pramotephotostock_123RF

Alcoa entering $315 million annuity transfer for Canadian DB pensions

Alcoa Corp. is de-risking roughly $315 million (US$235 million) in Canadian defined benefit pension obligations and assets with an annuity transfer. The group annuity contracts…

  • By: Staff
  • April 20, 2023 April 27, 2023
  • 09:00

90% of U.S. employees personally benefitting from workplace DEI initiatives: survey

Nine in 10 (90 per cent) U.S. employees say they’ve personally benefitted from diversity, equity and inclusion initiatives at work, according to a new survey…

  • By: Staff
  • April 19, 2023 April 19, 2023
  • 15:00
Copyright_stokkete_123RF

Changes to QPP allowing flexibility on pension contributions, retirement age: expert

Recent amendments to the Quebec Pension Plan to encourage people to work past age 65 offer more flexibility on contributions and retirement age, says Bonnie-Jeanne MacDonald,…

McCarthy Tétrault appointing Susan Nickerson as head of pensions, benefits, executive compensation

McCarthy Tétrault LLP is appointing Susan Nickerson as partner and head of its pensions, benefits and executive compensation group. Prior to joining McCarthy Tétrault, she…

  • By: Staff
  • April 19, 2023 April 18, 2023
  • 09:00
Copyright_andreypopov_123RF

Federal workers striking over remote working, wages

Roughly 155,000 federal employees represented by the Public Service Alliance of Canada are striking over remote working arrangements and wages. The union is seeking to…

OMERS managing Canada’s most profitable mall, Ontario Teachers’ investing in renewable natural gas projects

The real estate arm of the Ontario Municipal Employees’ Retirement System is operating the most productive shopping centre in Canada, according to a new report…

  • By: Staff
  • April 18, 2023 April 18, 2023
  • 13:00

Caisse on track to reach net-zero goals: report

The Caisse de dépôt et placement du Québec is on track to have a net-zero portfolio by 2050, according to the organization’s latest sustainable investing…

  • By: Staff
  • April 18, 2023 April 18, 2023
  • 12:30