Latest news in Benefits Canada News

BNP Paribas offering paid paternity leave, coverage for gender affirmation, fertility treatments

BNP Paribas in Canada is expanding its employee benefits offering with up to $10,000 lifetime coverage for gender affirmation and fertility treatments. The bank is…

Access to collective investment trusts will strengthen 403(b) retirement plans: report

U.S. employers offering 403(b) retirement plans will benefit from access to collective investment trusts, according to a report by the Defined Contribution Institutional Investment Association.…

  • By: Staff
  • July 6, 2022 July 6, 2022
  • 15:00
Copyright_superohm_123RF

Younger employees more likely to switch jobs for better benefits: survey

Nearly three-quarters (73 per cent) of Canadian employees aged 18 to 34 and 69 per cent of workers aged 35 to 44 say they’re significantly…

  • By: Staff
  • July 6, 2022 July 5, 2022
  • 09:00

Webinar coverage: Supporting plan members with severe asthma

Severe asthma is a complex condition that impacts between 150,000 and 250,000 Canadians, according to Vanessa Foran, president and chief executive officer of Asthma Canada,…

Hootsuite giving employees additional week off to support mental health, work-life balance

Hootsuite Inc. is giving employees an additional paid week off this summer to support improved mental health and work-life balance. The company will shut down…

Copyright_taaee_123RF

Pensions, retirement security at heart of Timberland Equipment strike

More than 50 workers are on strike at Timberland Equipment Ltd. in Woodstock, Ont., after the company and the union failed to reach an agreement…

  • By: Staff
  • July 6, 2022 July 5, 2022
  • 09:00
Copyright_Olga Yastremska_123RF

Remote working moderating wage growth, potentially easing inflation: report

The shift to remote working is tamping down wage growth by two per cent over two years, shrinking — by more than half — employees’…

  • By: Staff
  • July 6, 2022 July 6, 2022
  • 09:00
Copyright_Marko Kujavic_123RF

Ontario Teachers’ acquiring reverse mortgage lender, OMERS financing EV battery manufacturer

The Ontario Teachers’ Pension Plan is acquiring the parent company of a Canadian reverse mortgage provider. The pension fund is buying HomeQ Corp., which owns…

  • By: Staff
  • July 5, 2022 July 5, 2022
  • 12:45
96770582-123rf

IMCO unveils ESG strategy, discloses portfolio emissions

The Investment Management Corp. of Ontario is publishing its inaugural environmental, social and governance report, which includes an outline of its four-pronged ESG integration strategy.…

  • By: Staff
  • July 5, 2022 July 5, 2022
  • 12:00
Copyright_123RF

Canadian DB plans’ median solvency ratio increases to 109% in Q2: report

Despite year-to-date asset losses and historically high levels of inflation, most Canadian defined benefit pension plans are reporting increased funded positions in the second quarter…

  • By: Staff
  • July 5, 2022 July 4, 2022
  • 09:00

How employers can support work-life balance through right-to-disconnect policies

Employers can help employees achieve an optimal work-life balance by embedding a right-to-disconnect policy into their overall business practices, says Lidia Pawlikowski, associate vice-president of…

Copyright_langstrup_123RF

Survey finds half of young U.S. employees withdrawing early from retirement savings

Half (49 per cent) of U.S. employees younger than age 34 are withdrawing early from an individual retirement account or 401(k), according to a new…

  • By: Staff
  • July 5, 2022 July 4, 2022
  • 09:00

U.S. employees having difficulty accessing mental-health benefits: survey

Two-fifths (43 per cent) of U.S.-based human resources leaders say workers are having difficulty accessing mental-health care, according to a survey by virtual health care…

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

Corporate DEI roles fraught with retention issues: experts

When Steph Rebello took her first job spearheading diversity, equity and inclusion efforts, she was excited to make change in the corporate world — but…

AstraZeneca Canada supporting LGBTQ2S+ talent with employee resource group

AstraZeneca is supporting its LGBTQ2S+ workers and drawing new talent with a new employee resource group. The AZPride Canada ERG will focus on providing social…

118722682_l-1

Nova Scotia’s PSSP returns 5.56% for fiscal year

The Nova Scotia Public Service Superannuation Plan generated net returns of 5.56 per cent during its latest fiscal year, which ended on March 31, 2022.…

PSP entering strategic alliance with produce company, Ontario Teachers’ investing in online retailer

The Public Sector Pension Investment Board is entering a strategic alliance with a produce vendor. According to the agreement, PSP Investments will manage the acquisition…

  • By: Staff
  • June 30, 2022 June 30, 2022
  • 12:00

How PMPRB amendments could impact employers, drug plan design

The amendments to the Patented Medicine Prices Review Board regulations are officially taking effect July 1, after being delayed multiple times. The changes, which were originally…

Shopify’s 2021 Workplace Benefits Awards win helping expand employee wellness programs

Shopify Inc.’s 2021 Workplace Benefit Awards win is helping the company build on the most successful elements of its employee wellness programs, with an emphasis…

Copyright_wavebreakmediamicro_123RF

Higher long-term bond yields lowering annuity purchase costs for DB pension plan sponsors: expert

Higher long-term bond yields driven by rising interest rates are lowering the cost of annuity purchases for defined benefit pension plans, says Mary Kate Archibald,…

Copyright_aberheide_123RF

Top 5 HR, benefits and pension stories of the week

An Ontario Superior Court judge awarding $210,000 in costs against the Financial Services Regulatory Authority of Ontario was the most-read story on BenefitsCanada.com over the…

  • By: Staff
  • June 30, 2022 June 30, 2022
  • 09:00

Yelp shuttering offices, doubling down on remote working

Yelp Inc. is embracing its remote-working first approach by closing its offices in Chicago, New York and Washington D.C., as well as reducing its footprint…

  • By: Staff
  • June 29, 2022 June 29, 2022
  • 15:00
Copyright_rozenskip_123RF

U.S. abortion ruling thrusts employers into divisive arena

The U.S. Supreme Court’s decision to end the nation’s constitutional protections for abortion has catapulted employers of all types into the most divisive corner of…

Sounding Board: A look at the future of workplace wellness

Long before the coronavirus pandemic swept the globe in early 2020, a massive transformation of the workplace was well underway. Advanced technologies, growing demand for…

Copyright_Pedro Antonio Salaverrìa Calahorra_123RF

CPPIB selling stake in U.K. utilities provider, Ontario Teachers’ investing in insurance brokerage

The Canada Pension Plan Investment Board is selling its stake in a U.K. wireless utilities provider. Through the deal reached with Digital 9 Infrastructure, an…

  • By: Staff
  • June 28, 2022 June 28, 2022
  • 12:00