Latest news in Benefits Canada News

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AIMCo closing gender equity gap through equitable parental leave, flexible working policies

The Alberta Investment Management Corp. is adjusting its parental leave and flexible working policies to make them more equitable for women employees. Earlier this year,…

Just a third of Canadian employers have boards with 40% women: report

Just 34 per cent of Canadian employers had boards with female representation of 40 per cent or more as of October 2022, according to a…

  • By: Staff
  • March 8, 2023 March 7, 2023
  • 09:00

Ontario Teachers’ venture capital arm expects lower private equity valuations in 2023: report

The venture capital arm of the Ontario Teachers’ Pension Plan anticipates that a slowing global economy, interest rate hikes and limited funding opportunities will drive…

  • By: Staff
  • March 7, 2023 March 7, 2023
  • 12:45
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CPPIB acquiring stake in fossil fuel producer, Caisse investing in habitat restoration company

The Canada Pension Plan Investment Board is acquiring a 49 per cent stake in one of California’s leading fossil fuel producers. The CPPIB is securing…

  • By: Staff
  • March 7, 2023 March 7, 2023
  • 12:30

Survey finds 86% of U.S. employees experienced at least one mental-health challenge in the past year

Although a majority (86 per cent) of U.S. employees say they experienced at least one mental-health challenge over the past year, just a third (33…

  • By: Staff
  • March 7, 2023 March 6, 2023
  • 09:00

Burnaby Public Library, CUPE agreement includes flexible work improvements

The union representing employees at Burnaby Public Library in Burnaby, B.C. has ratified a three-year collective agreement that includes improvements to flexible working arrangements. Members…

  • By: Staff
  • March 7, 2023 March 6, 2023
  • 09:00

U.S. employers, employees divided over workplace DEI efforts: survey

While 80 per cent of U.S. employers say their company is doing enough to address diversity, equity and inclusion in the workplace, just 66 per…

  • By: Staff
  • March 6, 2023 March 6, 2023
  • 15:00

CLHIA working with insurers on suspected benefits fraud investigations

The Canadian Life and Health Insurance Association will now be working with participating insurers to collaborate on joint investigations into suspected benefits fraud schemes. This…

72% of Canadian employees plan to take a bizcation in 2023: survey

Nearly three-quarters (72 per cent) of Canadian employees who have the option of taking a bizcation plan to do so this year, according to a…

  • By: Staff
  • March 6, 2023 March 5, 2023
  • 09:00

Survey finds 83% of global employers have an employee well-being strategy

The majority (83 per cent) of global employers say they have an employee well-being strategy, up significantly from 55 per cent in 2020, according to…

  • By: Staff
  • March 3, 2023 March 3, 2023
  • 15:00
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Employee mental well-being begins with supportive workplace culture: webinar

While employee benefits are an important part of supporting mental health, these programs must be supported by a workplace culture that encourages mental well-being, said…

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

An article on a private member’s bill prohibiting the Canada Pension Plan Investment Board from making certain investments was the most-read story on BenefitsCanada.com over…

  • By: Staff
  • March 3, 2023 March 2, 2023
  • 09:00

Bâtirente’s diversified funds lost between 5.7% and 8.6% in 2022

Bâtirente’s diversified funds lost between 5.7 per cent and 8.6 per cent in 2022 as a result of tumultuous conditions in the global economy, according…

  • By: Staff
  • March 2, 2023 March 2, 2023
  • 12:00

BCI promotes Jennifer Coulson to global head of ESG, Ontario Teachers’ appoints Jeppe Gregersen as global head of private credit

The British Columbia Investment Management Corp. is appointing Jennifer Coulson as its first global head of environmental, social and governance. In the new position, she’ll…

  • By: Staff
  • March 2, 2023 March 2, 2023
  • 12:00
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College of Family Physicians of Canada pension plan joining the CAAT’s DBplus

The College of Family Physicians of Canada pension plan is joining the Colleges of Applied Arts and Technology pension plan’s DBplus. “As a result of…

  • By: Staff
  • March 2, 2023 March 3, 2023
  • 11:45

Sodexo launches global benefits program including parental leave, life insurance

Sodexo Group is supporting its multinational workforce with parental and care leave, life insurance and an employee assistance phone line. The food services company will…

  • By: Staff
  • March 2, 2023 March 1, 2023
  • 09:00
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Report finds Ontario portable health benefits plan likely to cost between $3.2-$4.5BN

A portable health benefits plan is a feasible, affordable and sustainable way to improve access to essential supplemental health and dental benefits for millions of…

  • By: Staff
  • March 2, 2023 March 1, 2023
  • 09:00
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Companies must listen to racialized employees in tackling racism at work: experts

Experts say commitments to tackle racism in the workplace haven’t been met with enough action, as survey findings released this week found more than 70…

MVF supporting employees’ financial wellness needs through new cost-of-living benefit

MVF is supporting its multinational workforce amid rising inflation with a new cost-of-living benefit. The U.K.-based marketing company introduced the new benefit last October, after…

RSA U.K. Pension Trustees entering £6.5BN annuity buy-in

RSA U.K. Pension Trustees, a subsidiary of Intact Financial Corp., is de-risking roughly £6.5 billion in U.K. defined benefit pension liabilities with an annuity buy-in. The…

  • By: Staff
  • March 1, 2023 February 28, 2023
  • 09:00

AIMCo investing in Toronto real estate fund, Caisse entering share repurchase in IT provider

The Alberta Investment Management Corp. is investing in a new real estate fund focused on developing rental housing across the Greater Toronto Area. The Fitzrovia…

  • By: Staff
  • February 28, 2023 February 28, 2023
  • 12:00

OMERS returns 4.2% for 2022, led by alternative investments

The Ontario Municipal Employees’ Retirement System’s assets grew by 4.2 per cent to $124.2 billion in 2022, according to its annual results. “Our significant allocations…

  • By: Staff
  • February 28, 2023 February 27, 2023
  • 12:00
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68% of workers say focus on employee well-being, DEI drives trust in company: survey

More than two-thirds (68 per cent) of Canadian workers say their employer’s focus on employee safety and well-being drives trust in the company’s brand, according…

Expert panel: Air Canada decision illustrates danger of relying on pension plan terms in wrongful dismissal actions

A recent court decision in Ontario illustrates the potential danger for employers that attempt to rely on pension plan terms to refute claims for pension-related…