Latest news in Benefits Canada News

84% of Canadian employees in favour of pay transparency law: survey

The majority (84 per cent) of Canadian employees say they support a pay transparency law that would require employers to disclose salary ranges in job…

  • By: Staff
  • November 9, 2022 November 9, 2022
  • 15:00
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Majority of U.S. employers increasing wages, enhancing benefits for 2023: survey

More than two-thirds (68 per cent) of U.S. employers say they’re increasing salaries and enhancing employee benefits in 2023 amid a tough labour market, according…

  • By: Staff
  • November 9, 2022 November 8, 2022
  • 09:00
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Lack of LGBTQ2S+ inclusivity costing employers, says expert

Employers that aren’t encouraging LGBTQ2S+ inclusivity stand to lose significant amounts of money due to turnover, lower employee engagement and decreased productivity, says Michael Bach,…

  • By: Sadie Janes
  • November 9, 2022 November 8, 2022
  • 09:00

Canadian DB pension plan solvency rose 3.1% in October: report

Canada’s defined benefit pension plans improved on both a solvency basis and an accounting basis in October, according to a new report by LifeWorks Inc.…

  • By: Staff
  • November 8, 2022 November 8, 2022
  • 12:00
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Sounding Board: How employers can better support employees with rare diseases

Imagine that a few pills a day could transform an employee’s life — that they could get back to work, perform better, have fewer sick…

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CIA advising CAPSA to consider pension plan liabilities, climate disclosure in ESG risk management guideline

The Canadian Institute of Actuaries is advising the Canadian Association of Pension Supervisory Authorities to strengthen its proposed guideline on risks related to environmental, social…

  • By: Staff
  • November 8, 2022 November 8, 2022
  • 09:00

U.S. retirement plan sponsors calling on record keepers to support members’ financial wellness: survey

While the majority (80 per cent) of U.S. retirement plan sponsors rate their record keeper as excellent or very good, they’re also seeking more support…

  • By: Staff
  • November 7, 2022 November 8, 2022
  • 15:00
Alberta’s public-sector pension plans reassuring members amid worry over ministerial order

CIA supporting going-concern plus regime, auto features in Alberta’s private sector pensions

The Canadian Institute of Actuaries is supporting several of the Alberta government’s proposed legislative and policy updates for private sector pension laws, including the move…

  • By: Staff
  • November 7, 2022 November 4, 2022
  • 09:00

Stellantis, Unifor agreement includes pension and retirement gains

The union representing employees at automobile manufacturing company Stellantis’ assembly plants in Windsor, Ont. and Brampton, Ont. has ratified a three-year collective agreement that includes…

  • By: Sadie Janes
  • November 7, 2022 November 4, 2022
  • 09:00
Canadian ESG-related investment assets surge to $3.2 trillion: report

Report finds more U.S. companies linking executive pay to ESG performance

Large U.S. companies are increasingly linking executive compensation to some form of environmental, social and governance performance, growing from 66 per cent in 2020 to…

  • By: Staff
  • November 4, 2022 November 4, 2022
  • 15:00

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

An article on Telus Communications Inc.’s win in Benefits Canada‘s 2022 Workplace Benefits Awards was the most-read story on BenefitsCanada.com over the last week. Here are the five most…

  • By: Staff
  • November 4, 2022 November 3, 2022
  • 09:00
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CUPE’s Ontario education workers striking for extended benefits, wage increases

Ontario education workers are striking over extended benefits, short-term disability leave and wage increases, among other requests by the workers’ union the Canadian Union of…

Western University marking Financial Literacy Month with webinars, DC pension plan consultations

Western University is marking Financial Literacy Month with a series of webinars and consultations addressing employees’ financial questions. The webinars cover topics such as retirement,…

  • By: Blake Wolfe
  • November 4, 2022 November 3, 2022
  • 09:00

Canadian DB pensions return median 0.27% in Q3 amid challenging economic environment: report

Canadian defined benefit pension plans saw a median return of 0.27 per cent for the third quarter of 2022 amid a challenging economic environment, according…

  • By: Staff
  • November 3, 2022 November 3, 2022
  • 12:00

Alberta School Employee Benefit Plan awarded for extensive mental-health strategy

The Alberta School Employee Benefit Plan’s extensive mental-health strategy led to a win in the Mental health program category for an employer with fewer than…

  • By: Blake Wolfe
  • November 3, 2022 November 3, 2022
  • 09:00
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CPP maximum pensionable earnings increasing to $66,600 in 2023

The maximum pensionable earnings under the Canada Pension Plan for 2023 is increasing to $66,600 from $64,900 in 2022. The new ceiling was calculated according to a CPP legislated…

  • By: Staff
  • November 3, 2022 November 2, 2022
  • 09:00

Employers favouring wage hikes over benefits enhancements amid high inflation: survey

While Canadian employers recognize the value of retirement benefits, the current high inflation environment is driving them to favour wage hikes instead, according to a…

  • By: Staff
  • November 3, 2022 November 1, 2022
  • 09:00
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Report finds women hold a quarter of board seats in Canada

A quarter (24 per cent) of board seats in Canada are held by women, up two per cent since last year, according to a new…

  • By: Staff
  • November 2, 2022 November 2, 2022
  • 15:00

BGIS wins mental-health award for integrated approach to employee support

BGIS Global Integrated Solutions Canada was recognized in the Mental health program category for employers with more than 1,000 employees at the 2022 Workplace Benefits…

Canadians’ financial well-being on the decline: survey

Survey finds employees’ financial stress costing employers $40BN in 2022

Employees worrying about their finances on the job will cost Canadian employers more than $40 billion in 2022, almost double the $26.9 billion in lost…

  • By: Staff
  • November 2, 2022 November 1, 2022
  • 09:00
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Half of employees say employer hasn’t communicated long-term remote work plans: survey

Half (52 per cent) of Canadian employees say their employer hasn’t communicated plans for remote working beyond 2023, while 35 per cent of employers say…

  • By: Staff
  • November 1, 2022 November 1, 2022
  • 15:00

Ottawa Community Housing Corp. wins award for flexible employee well-being strategy

The Ottawa Community Housing Corp.’s flexible employee well-being strategy led to a win in the Health/wellness program category for employers with fewer than 1,000 employees at Benefits…

Report finds U.S. DB pension plan sponsors facing increasing annuity buyout costs

Defined benefit pension plan sponsors in the U.S. are facing increasing costs when de-risking through annuity buyouts, according to a new report by consulting firm…

  • By: Staff
  • November 1, 2022 October 31, 2022
  • 09:00
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Global interest rate hikes influenced modest gains for Canadian DB pensions in Q3: reports

Canadian pension plan investments saw very modest gains in the third quarter of 2022 as both stock and bond markets responded favourably to the pace…

  • By: Staff
  • October 31, 2022 October 31, 2022
  • 15:00

Telus wins award for supporting employees’ holistic well-being

Telus Communications Inc. was recognized for supporting employees’ holistic well-being as it took home the award for Health/wellness program for an employer with more than…