Latest news in Benefits Canada News

62% of Canadian employers say they aren’t making changes to benefits in 2023: survey

Nearly two-thirds (62 per cent) of Canadian employers say they aren’t making changes to their benefits plans in 2023, according to a new survey by…

  • By: Staff
  • March 23, 2023 March 22, 2023
  • 09:00
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U.S. bank failures have minimal impact on public pension plans: experts

When two U.S. banks failed this month, among the investors who lost millions were U.S. public sector pension funds responsible for ensuring the retirements of…

Canadian employers expanding fertility benefits to include egg freezing

Tonya Johnson, age 39, is single, happy and freezing her eggs to buy a little more time before she starts a family. The procedure is costly —…

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Employers prioritizing workplace culture, DEI in communications strategies: survey

While three-quarters (74 per cent) of global employers say the purpose of their internal communications strategy is to shape workplace culture and create a sense…

Canadian DB pension plan solvency down 0.7% in February: report

The funded position of a typical Canadian defined benefit pension plan fell slightly on a solvency basis and rose on an accounting basis in February,…

  • By: Staff
  • March 21, 2023 March 21, 2023
  • 12:30
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CPPIB sells stake in French home care company; Ontario court gives retailer protection to Caisse, OMERS, OTPP as Nordstrom leaves Canada

The Canada Pension Plan Investment Board is selling its stake in a scandal-ridden French home care company for €26.1 million — 6.18 per cent of the…

  • By: Staff
  • March 21, 2023 March 21, 2023
  • 12:30

3M incorporating flexibility, digitization into benefits plan for 2023

Increased flexibility, enhanced digitization and a focus on diversity, equity and inclusion are among the trends shaping 3M Canada’s benefits plan in 2023, says Jacqueline McLennan, a…

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Trusteed pension funds’ assets valued $2.1T in Q3: StatsCan

The market value of assets held by Canadian trusteed pension funds rose 2.3 per cent in the third quarter of 2022, hovering around $2.1 trillion, according…

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

B.C. court dismisses appeal, upholds pension plan’s decision to increase retirement age

A British Columbia court has dismissed an appeal of a Supreme Court of B.C. decision that upheld the B.C. Credit Union Employers’ Pension Plan’s choice…

  • By: Staff
  • March 21, 2023 March 20, 2023
  • 09:00

U.S. employers prioritizing talent recruitment, retention: survey

The majority of U.S. employers say recruiting talent (67 per cent) and retaining talent (64 per cent) are their top priorities, according to a new…

  • By: Staff
  • March 20, 2023 March 20, 2023
  • 15:00

Report finds new diabetes, migraine treatments could impact private drug plans in 2023

A new diabetes treatment is expected to have the largest impact on private drug plans in 2023, according to a new report by Telus Health.…

  • By: Staff
  • March 20, 2023 March 28, 2023
  • 09:00
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HOOPP returns -8.6% for 2022, citing declines in equities, fixed income

The Healthcare of Ontario Pension Plan is reporting an annual return of negative 8.6 per cent for 2022, citing declines in equities and fixed income…

  • By: Staff
  • March 20, 2023 March 20, 2023
  • 09:00

A fifth of older employees experiencing deliberate exclusion at work: survey

Roughly a fifth (19 per cent) of employees aged 55 and older say they’ve experienced deliberate exclusion in the workplace, according to a new survey…

  • By: Staff
  • March 17, 2023 March 20, 2023
  • 15:00

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

An article on how working mothers are struggling with work-life balance was the most-read story on BenefitsCanada.com over the last week. Here are the five most…

  • By: Staff
  • March 17, 2023 March 16, 2023
  • 09:00
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How B.C.’s pay transparency legislation could impact employers

British Columbia is introducing pay transparency legislation to help close the province’s gender pay gap. Once the legislation is passed on Nov. 1, 2023, all…

Editorial: How long will the echo pandemic last?

Three years ago this month, the world was grappling with the early days of the coronavirus pandemic. Even then, with very little information available, people…

Head to head: Does ESG investing actually enhance returns?

The answer is complicated because environmental, social and governance investing is a relatively new risk, not all ESG factors are material for every industry and…

Why the OTIP brought on a pharmacist as a consultant for its disability claims team

The Ontario Teachers Insurance Plan has added a lead pharmacy consultant to its group life and disability claims team to assist in managing both early…

How is rising inflation impacting retirement savings?

After reaching a near 40-year high over the past year, headline inflation started to cool in the final months of 2022 following a series of…

2023 Drug Plan Trends Report: How the repercussions of the pandemic are trickling down to drug plans

As the coronavirus pandemic enters its fourth year, it’s perhaps unsurprising that the health crisis has taken its toll on employee mental health. Scotiabank saw…

Innovation, diversification in real estate sector taking institutional investors across the finish line

Despite many institutional investors pressing pause on their real estate activities in the early days of the coronavirus pandemic, those that keep calm and carry…

A look at China’s private pension pilot project

Traditionally, Chinese workers have relied on two pillars of income in retirement — the basic state pension and employer-sponsored plans open to employees in certain…

How remote, hybrid working arrangements are affecting musculoskeletal issues

During the coronavirus pandemic, most people were forced to work remotely and create makeshift offices in spaces that weren’t designed for that purpose. The result…

Q&A with Nasdaq’s Bronwyn Ott

The financial services company’s head of global well-being and benefits strategy talks hybrid working, diverse benefits and time outdoors with her dogs. Q: What top…

OMERS reinvesting in U.K. mental health-care provider, Ontario Teachers’ securing minority stake in mining company

The Ontario Municipal Employees’ Retirement System is reinvesting in a U.K.-based online mental health-care company. The OMERS participated in a funding round that raised £20…

  • By: Staff
  • March 16, 2023 March 16, 2023
  • 12:30