The funded position of a typical Canadian defined benefit pension plan improved on a solvency and accounting basis in March, according to a new report…
The rules governing registered retirement income funds and similar retirement vehicles are stuck in the past and need revamping or removal, according to a new…
While gender affirmation and fertility benefits coverage still isn’t included in all group benefits plans, around half of Canada’s group benefits providers include gender affirmation…
The Saskatchewan Pension Plan is removing its annual contribution and transfer-in limits. Starting on April 13, 2023, as long as plan members have room in…
Unlike other Canadian provinces and jurisdictions, the Quebec government imposes rules and constraints on private drug plans that affects pharmacy costs. For example, in all…
Custodial and maintenance workers at Toronto Metropolitan University represented by the Canadian Union of Public Employees are striking after university administration failed to address the…
Nearly half (45 per cent) of U.S. workers say their employer isn’t investing in employee connection, according to a new survey by Eagle Hill Consulting.…
Thomson Reuters Corp. is introducing a minimum 16-week paid leave for all employees who are welcoming a new child, regardless of gender identity, sexual orientation,…
Millennial workers who rent for their entire careers must save 50 per cent more than homeowners in order to have a sufficient monthly income in…
An article on why a higher salary is the No. 1 reason employees are searching for a new job was the most-read story on BenefitsCanada.com…
What’s in a name? A pension by any other name would smell as sweet — or would it? I started writing this month’s Pension Feature…
The bill is a divisive one, with the pension industry concerned about the future of corporate-sponsored defined benefit pension plans and an association representing plan…
Just like professional athletes, employees have to balance high performance with periods of rest. To this end, Shopify Inc. introduced its Intermission program in 2018…
As technology advances and plan members’ needs become more diverse, the relationship between benefits plan sponsors and providers is adapting to fit these changes. Sarah…
Defined benefit. Defined contribution. Target benefit. Shared risk. Collective. Multi-employer. Pooled. Canada’s pension and retirement landscape is littered with lingo that can often be confusing…
As world markets contend with supply chain issues stemming from climate change, the coronavirus pandemic and Russia’s invasion of Ukraine, environmental, social and governance considerations…
In 2018, the British Columbia Investment Management Corp. adopted a centralized trading framework. The program, which brought together global derivatives and trading with almost $35…
The coronavirus pandemic ushered in a new world of work when organizations in most sectors were forced to find ways to operate virtually. Three years…
When Richard Manley, chief sustainability officer at the Canada Pension Plan Investment Board, joined the organization as managing director and head of sustainable investing in…
Schneider Electric’s senior compensation and benefits leader talks about adapting benefits to flex work, artificial intelligence and time spent gardening. Q: What top challenges do…
A Northern Ontario-based hydroelectric power company owned by the Public Sector Pension Investment Board is being integrated into another one of PSP Investments’ assets, a clean…
The Investment Management Corp. of Ontario is reporting that the weighted average net return of its clients’ portfolios was negative 8.1 per cent for the year ended Dec.…
More than 54 per cent of 401(k) plan sponsors say they prefer to keep their retired members’ assets in their plan, a notable increase from…
Companies that back up talk about investing in employees with action are associated with a four per cent higher return on invested capital, according to…
The union representing 70 employees at Northern Transformer in Vaughan, Ont. has ratified a four-year collective agreement that includes pension and benefits gains. The agreement…