Latest news in Benefits Canada News

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Hybrid work expectations differ between employers, employees

For public relations executive Terance Brouse, the office is where creativity flows. On Mondays, Tuesdays and Wednesdays, employees at Maverick PR work from the firm’s…

Termination of LTD benefits for Air Canada workers eligible to receive unreduced pension benefits doesn’t amount to age discrimination: court

The Federal Court has ruled that the termination of long-term disability benefits for employees who become eligible to receive unreduced pension benefits doesn’t amount to…

Investments in global private credit surpassed US$1.3T in 2022: survey

Driven by a combination of institutional investor interest and companies’ need to seek alternative funding, global private credit increased more than six-fold since the 2008/09…

  • By: Staff
  • February 17, 2023 February 14, 2023
  • 15:00
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Top 5 HR, benefits, pension and investment stories of the week

An article on how employers can close the pension gap among BIPOC employees was the most-read story on BenefitsCanada.com over the last week. Here are…

  • By: Staff
  • February 17, 2023 February 16, 2023
  • 09:00
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Tory revelation a reminder of need for workplace relationship policies: experts

As Toronto Mayor John Tory prepares to step down after admitting to an inappropriate relationship with a former staffer, experts say preparation is key to…

How employers can support female talent, diversify hiring in male-dominated industries

Employers in traditionally male-dominated industries can use flexible benefits and a diversity-minded approach to hiring to attract more female talent, says Deirdre Chong-Smith, a compensation…

  • By: Sadie Janes
  • February 17, 2023 February 22, 2023
  • 09:00

Trent University support workers joining UPP

Trent University support workers represented by the Ontario Public Service Employees Union are joining the University Pension Plan. Under a new three-year collective agreement, the…

  • By: Staff
  • February 17, 2023 February 21, 2023
  • 09:00
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Ontario DB pension plans return average 2.9% in Q4 2022: report

Ontario’s defined benefit pension funds returned an average 2.9 per cent in the fourth quarter of 2022 while plan liabilities continued to benefit from a…

  • By: Staff
  • February 16, 2023 February 15, 2023
  • 15:00

Former NFL players suing league for denied disability claims

Ten former National Football League players have filed a class action lawsuit against the organization, claiming their disability claims were denied. In the filing, the…

  • By: Staff
  • February 16, 2023 February 15, 2023
  • 09:00
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Green Shield acquires Quebec-based EAP provider

Green Shield Holdings Inc. is acquiring Quebec-based employee assistance program provider BCH Consultants. The acquisition will add 700 Quebec-based clinicians to Green Shield’s existing network,…

  • By: Staff
  • February 16, 2023 February 17, 2023
  • 09:00

Ontario biosimilars policy could cut drug costs for plan sponsors: expert

Changes to Ontario’s policy on the use of biosimilars in its public drug plan could result in savings for private benefits plans if they choose…

  • By: Blake Wolfe
  • February 16, 2023 February 15, 2023
  • 09:00

Employers increasing salaries, hiring additional employees in 2023: survey

More than two-thirds (69 per cent) of Canadian employers say they’re increasing salaries this year, up from 66 per cent in 2022 and 55 per…

  • By: Staff
  • February 15, 2023 February 15, 2023
  • 15:00

How employers can plan effective social events amid shift to hybrid, remote work

Amid the shift to remote and hybrid working arrangements, employers should ensure their after-hours social events are “easy, intentional and sincere,” says Kim Siddall, vice-president…

  • By: Blake Wolfe
  • February 15, 2023 February 14, 2023
  • 09:00

Delta launching emergency savings program for U.S. employees

Delta Air Lines Inc. is launching an emergency savings program for U.S. employees. Once employees sign up for the program, they participate in roughly two…

  • By: Staff
  • February 15, 2023 February 15, 2023
  • 09:00
ACPM calling on feds to streamline pension overpayment recovery

PIAC calls for going-concern plus regime, VPLAs, PRPP framework in pre-budget submission

The Pension and Investment Association of Canada is calling on the federal government to establish a going-concern plus regime as a long-term minimum funding requirement for…

  • By: Staff
  • February 15, 2023 January 17, 2024
  • 09:00

Majority of U.S. employers plan to change health benefits provider over next two years: survey

The majority (88 per cent) of U.S. employers say they plan to change their health benefits provider over the next two years, according to a new…

  • By: Staff
  • February 14, 2023 February 14, 2023
  • 15:00
ESG influencing company strategy, increasing oil market vulnerability: reports

Pension plans among shareholders suing Shell board over climate strategy

Several European pension plans are backing a lawsuit against Shell Corp. alleging its board is mismanaging climate risk and breaching company law. The lawsuit, launched…

  • By: Staff
  • February 14, 2023 February 13, 2023
  • 11:30

40% of U.S. employers offered fertility benefits in 2022, up from 30% in 2020: survey

Two-fifths (40 per cent) of U.S. organizations currently offer fertility benefits, up from 30 per cent in 2020, according to a survey by the International Foundation…

  • By: Staff
  • February 14, 2023 February 9, 2023
  • 09:00
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Clear, consistent guidelines required for integrating sustainability in investment decisions in Canada: report

Canada requires clear, consistent guidance on the integration and reporting of sustainability factors into investment decisions, according to a new report from the United Nations-based…

  • By: Staff
  • February 14, 2023 February 13, 2023
  • 09:00

Carefor Health & Community Services joins HOOPP

Carefor Health & Community Services has joined the Healthcare of Ontario Pension Plan. The Ottawa-based health-care and community support charity previously sponsored its own defined…

  • By: Staff
  • February 13, 2023 February 10, 2023
  • 09:00

OMERS appointing Daniel Fournier to lead Oxford Properties Group

The Ontario Municipal Employees’ Retirement System is appointing Daniel Fournier as the next executive chair of its real estate arm, Oxford Properties Group. Fournier will…

  • By: Staff
  • February 13, 2023 February 10, 2023
  • 09:00
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CPPIB generated 1.9% returns in fiscal Q3, buoyed by rebound in public equities

The Canada Pension Plan Investment Board’s assets returned 1.9 per cent during the third quarter of fiscal 2023, according to its latest quarterly report. By…

  • By: Staff
  • February 13, 2023 February 10, 2023
  • 09:00
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78% of Ontario employers say supporting employee mental health, well-being important to company’s success

More than three-quarters (78 per cent) of employers in Ontario believe supporting employee mental health and well-being is important for their organization’s success, according to…

  • By: Staff
  • February 10, 2023 February 10, 2023
  • 09:05
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Top 5 HR, benefits, pension and investment stories of the week

An article on how much money Canadians think they’ll need in retirement was the most-read story on BenefitsCanada.com over the last week. Here are the five…

  • By: Staff
  • February 10, 2023 February 9, 2023
  • 09:00