Latest news in Benefits Canada News

Copyright_langstrup_123RF

Majority of millennials aren’t saving enough for retirement: survey

More than two-thirds (70 per cent) of millennials say they aren’t saving enough for retirement, while 27 per cent aren’t able to save any money,…

  • By: Staff
  • November 18, 2022 November 17, 2022
  • 15:00
Copyright_rostislavsedlacek_123RF

Survey finds retirement savings plans key to employee retention

Six in 10 (60 per cent) U.S. employees say they’re more likely to stay at their current job if their employer offers a retirement savings…

  • By: Staff
  • November 18, 2022 November 18, 2022
  • 09:01

87% of employees have experienced burnout over the last year: survey

More than eight in 10 (87 per cent) employees have experienced burnout over the last year, with the number increasing to 89 per cent among…

  • By: Staff
  • November 18, 2022 November 18, 2022
  • 09:01

Is the concept of financial independence and early retirement truly feasible?

The FIRE concept — financial independence and retiring early — is gaining traction among younger workers, but as appealing as early retirement may be, it isn’t…

  • By: Sadie Janes
  • November 18, 2022 November 18, 2022
  • 09:01
Copyright_dmitrydemidovich_123RF

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

An article on the Canadian Federation of Pensioners’ response to proposed legislative and policy updates for Alberta’s private sector pension regulations was the most-read story…

  • By: Staff
  • November 18, 2022 November 18, 2022
  • 09:01
Editorial

Editorial: Pandemic shining a spotlight on two black sheep benefits

In the midst of the enduring conversation about the changing nature of work and the workplace, some often underappreciated — and potentially underused — benefits…

How Bill Gosling used pandemic conditions to redesign its benefits plan

In March 2020, Bill Gosling Outsourcing’s benefits plan was facing unsustainable costs, as well as a deficit due to incoming premium increases. The coronavirus pandemic,…

  • By: Sadie Janes
  • November 18, 2022 November 28, 2022
  • 08:58

A look at the landscape for automatic features in Canadian pension plans

Matching employer contributions in capital accumulation plans are as close to free money as employees can legally get. “You’re not changing your risk — because…

2022 Top 40 Money Managers Report: The risks for DB, DC plan sponsors around alternative investments

When Saskatchewan’s Public Employees Pension Plan’s board introduced alternatives to its investment lineup in 2020 with an aim to improve the defined contribution plan’s risk-adjusted…

How InBenefits is aiming to prove the potential of target-benefit pensions

Alain Malaket has a nuanced perspective on risk — one informed by his experiences as a third-party administrator, pension regulator, consultant, pension plan director and…

Back to basics on employer-provided travel coverage

While the provision of travel insurance has long been a staple in many group benefits plans, it was thrust into the spotlight during the coronavirus…

  • By: Sadie Janes
  • November 18, 2022 November 28, 2022
  • 08:52

As employees’ screen exposure increases, is it time to update vision benefits?

Employees in most sectors are experiencing an exponential increase in the amount of time they spend in front of screens during work hours, so updates…

  • By: Sadie Janes
  • November 18, 2022 November 17, 2022
  • 08:51

Q&A with Fluor Canada’s Lisa Hari

Fluor Canada Ltd.’s manager of Indigenous relations and DEI discusses the post-coronavirus pandemic workplace, employee resource groups and fishing. Q: What top challenges do you…

Copyright_Mikhail Tsikhanovich_123RF

Ontario seeking feedback on framework for target-benefit pension plans

In its fall economic statement, the Ontario government said it will ask stakeholders to provide feedback this winter on a draft framework for target-benefit pension…

  • By: Staff
  • November 17, 2022 November 17, 2022
  • 13:00

CPPIB reinvesting in airport operator, Cadillac Fairview developing Calgary-area industrial site

The Canada Pension Plan Investment Board is increasing its stake in a French airport operator. The investment organization is acquiring a 1.59 per cent share…

  • By: Staff
  • November 17, 2022 November 17, 2022
  • 12:00
Caisse, CPPIB, Ontario Teachers’ invest in insurance company

UPP appointing Brian Gill as chief technology officer, Luca Lupo leading OMERS Infrastructure’s London office

The University Pension Plan is appointing Brian Gill as its chief technology officer. In the new role, Gill will oversee the teams responsible for the…

  • By: Staff
  • November 17, 2022 November 17, 2022
  • 12:00

OPTrust promoting financial literacy with enhanced communications, DB pension education program

The OPSEU Pension Trust is supporting employees’ and plan members’ financial literacy with its defined benefit pension education program and extensive member communications. “We run…

  • By: Sadie Janes
  • November 17, 2022 November 15, 2022
  • 09:00

Employers seeing paramedical claims return to pre-pandemic levels

As the coronavirus crisis enters an endemic phase, employers are beginning to see a return to pre-pandemic levels in paramedical benefits’ usage. During the first…

Survey finds Canadian employees delaying retirement due to rising cost of living

Nearly two-thirds (62 per cent) of Canadian pre-retirees say the rising cost of living is preventing them from retiring when they’d like to, up from…

  • By: Staff
  • November 17, 2022 November 16, 2022
  • 09:00

U.S. workers more likely to stay with employer offering financial wellness benefits: survey

More than two-thirds (68 per cent) of U.S. employees say they’re more likely to stay longer at their current job if their employer offers financial…

  • By: Staff
  • November 16, 2022 November 17, 2022
  • 15:00

CFP urging Alberta government to reconsider transfer of pension risk to plan members

The Canadian Federation of Pensioners is taking issue with some of the Alberta government’s proposed legislative and policy updates for private sector pension laws, including…

  • By: Staff
  • November 16, 2022 November 16, 2022
  • 09:00

Walmart Canada increasing mental-health coverage, access to virtual health care

Walmart Canada is increasing its mental-health benefits coverage for employees and expanding access to virtual health care. Effective Feb. 1, 2023, the company will provide…

  • By: Sadie Janes
  • November 16, 2022 November 16, 2022
  • 09:00
Copyright_slasny_123RF

Expert panel: How employers can support employee wellness ahead of a looming recession

Every day, it seems the news includes a story or two about the economy and whether or not a recession is coming. At the same…

  • By: Kim Siddall
  • November 16, 2022 November 15, 2022
  • 09:00

CPPIB generated 0.2% returns in fiscal Q2 despite global market declines

The Canada Pension Plan Investment Board’s assets returned 0.2 per cent during the second quarter of fiscal 2023, according to its latest quarterly report. By…

  • By: Staff
  • November 15, 2022 February 10, 2023
  • 13:00
Copyright_ tuk69tuk_123RF

Report urges pension plan fiduciaries to focus on finance when considering ESG factors

A new report from the C.D. Howe Institute says pension plan fiduciaries shouldn’t ignore climate change and other environmental, social, and governance factors that are…

  • By: Staff
  • November 15, 2022 November 14, 2022
  • 09:00