Latest news in Benefits Canada News

CPPIB backing of grain exporter provides Russia propaganda victory: expert

The Canada Pension Plan Investment Board’s investment in a grain exporter may be used as a propaganda tool by the Russian government, according to J.…

PSP ditching tech giant shares, Caisse scuttling future crypto investments after Celsius losses

The Public Sector Pension Investment Board says it dumped a significant portion of its shares in two giant technology companies during the first half of…

  • By: Staff
  • August 23, 2022 August 23, 2022
  • 12:30

Caary Capital using flexible work, ESOP to help attract, retain employees

Since Caary Capital Ltd. was founded during the coronavirus pandemic, it had to adapt quickly to the unpredictable hiring market using techniques like flexible working…

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Majority of low to moderate income workers would invest in long-term savings plans with incentives: survey

The vast majority (90 per cent) of low to moderate income workers say they’d open a long-term savings account if they were offered incentives, according…

  • By: Staff
  • August 23, 2022 August 23, 2022
  • 09:00

Google staff demand abortion benefits protections for contract workers, Walmart expands abortion benefits for all employees

Hundreds of Google employees are petitioning the company to extend its abortion benefits to contract workers. Google parent company Alphabet Inc. had pledged to pay…

Union calling on government to renew pandemic EI measures

The average disqualifications from employment insurance fell from 86,000 to 44,000 after the federal government implemented improved qualification criteria in September 2020 to address rising…

  • By: Staff
  • August 22, 2022 August 22, 2022
  • 15:00

OMERS reporting return of negative 0.4% for first half of 2022

The Ontario Municipal Employees’ Retirement System is reporting a net investment return of negative 0.4 per cent — or a loss of $500 million —…

  • By: Staff
  • August 22, 2022 August 21, 2022
  • 09:00

City of St. John’s, CUPE agreement includes enhanced bereavement leave

The union representing employees at the City of St. John’s, N.L. ratified a collective agreement that includes enhanced bereavement leave. The agreement increases bereavement leave…

  • By: Staff
  • August 22, 2022 August 21, 2022
  • 09:00
Ontario DB pension solvency up again in third quarter: FSRA

19% of U.S. employees taking conservative approach to retirement savings: report

A fifth (19 per cent) of U.S. employees say they’ve adjusted their retirement strategy and are taking a more conservative savings approach amid economic uncertainty,…

  • By: Staff
  • August 19, 2022 August 21, 2022
  • 15:00
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CP, Teamsters agreement includes pension enhancements, increased benefits

The union representing roughly 3,000 Canadian Pacific Railway Ltd. employees across Canada has ratified a two-year collective agreement that includes pension enhancements and increased benefits.…

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Top 5 HR, benefits and pension stories of the week

An article on HSBC Bank Canada’s new benefits offerings was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news…

  • By: Staff
  • August 19, 2022 August 19, 2022
  • 09:00

Apple shifting return-to-workplace policy for office-based workers

Apple Inc. is making sudden changes to its return-to-workplace strategy for office-based workers. The policy, set to first take effect at the company’s Silicon Valley…

  • By: Staff
  • August 19, 2022 August 18, 2022
  • 09:00

CPPIB enters joint venture acquiring European hotels, Ontario Teachers’ takes majority stake in Indian hospital chain

The Canada Pension Plan Investment Board is entering a joint venture focused on the hospitality sector. The new scheme, which also includes Hamilton Pyramid Europe,…

  • By: Staff
  • August 18, 2022 August 18, 2022
  • 12:00

Survey finds a quarter of Canadian employees experiencing increased tension, conflict at work

A quarter (25 per cent) of Canadian employees are experiencing increased tension or conflict at work, according to LifeWorks Inc.’s latest mental-health index. The survey’s…

  • By: Staff
  • August 18, 2022 August 17, 2022
  • 09:00
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Ontario DB pension plans’ projected solvency dipped in Q2: FSRA

The projected solvency ratio of Ontario’s defined benefit pension plans declined in the second quarter of 2022, according to a new report by the Financial…

  • By: Staff
  • August 18, 2022 August 17, 2022
  • 09:00

Caisse reporting -7.9% return for first half of 2022

The Caisse de dépôt et placement du Québec generated an average return of negative 7.9 per cent for the first half of 2022. The investment…

  • By: Staff
  • August 18, 2022 August 16, 2023
  • 09:00

How employers can leverage pay transparency to achieve pay equity

Just because employers are transparent with their compensation philosophy or ranges, it doesn’t always mean they’re equitable in their compensation process, says Andrea Bartlett, director…

SME workers say paid time off, flexible schedules most important benefits: survey

While nearly three-quarters (74 per cent) of small- and medium-sized employers say cost is the biggest hurdle to offering employee benefits, a majority of SME…

  • By: Staff
  • August 17, 2022 August 17, 2022
  • 15:00

Meridian appointing Patricia Johns as chief people, culture officer

Meridian Credit Union is appointing Patricia Johns as chief people and culture officer. Most recently, she was founder and principal of Hrxlence Consulting Inc. and…

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

OMERS investing in solar energy service, Caisse and CPPIB reinvesting in professional services firm

The Ontario Municipal Employees’ Retirement System is investing in an Arizona-based solar energy business. In a deal reached with Clairvest Group Inc., the institutional investor…

  • By: Staff
  • August 16, 2022 August 16, 2022
  • 12:32

FSRA seeking comment on draft pension registration guidelines

The Financial Services Regulatory Authority of Ontario is seeking feedback on its proposed guidance on requirements for pension plans to take certain actions to avoid…

  • By: Staff
  • August 16, 2022 August 17, 2022
  • 11:30

U.S. employers expecting health benefits costs to rise 5.6% per employee in 2023: survey

U.S. employers are anticipating health benefits costs will rise by an average of 5.6 per cent per employee in 2023, according to early results from a…

  • By: Staff
  • August 16, 2022 August 15, 2022
  • 09:00

Employee placed on unpaid leave over mask refusal not entitled to reasonable notice: Alberta court

An Alberta court has ruled that a Calgary grocery store worker placed on indefinite unpaid leave — for failure to comply with a mandatory mask…

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Ontario Teachers reporting 1.2% return in first half of 2022

The Ontario Teachers’ Pension Plan is reporting a total fund net return of 1.2 per cent for the six-month period ended June 30, 2022. The…

  • By: Staff
  • August 16, 2022 August 15, 2022
  • 09:00
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LifeWorks acquiring Australian EAP, Telus acquisition passes regulatory hurdles

LifeWorks Inc. is acquiring Benestar, an employee assistance program from Australia-based Cover-More Group. In addition to the acquisition, LifeWorks will provide certain EAP services for…

  • By: Staff
  • August 15, 2022 August 16, 2022
  • 15:00