Latest news in Benefits Canada News

Fewer plan members making drug claims, but specialty medications increasing average eligible amounts: report

As the coronavirus pandemic continues, fewer Canadian benefits plan members are making drug claims, according to Telus Health’s annual drug trends report. The report, based…

  • By: Staff
  • June 23, 2022 June 22, 2022
  • 09:00
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Report finds U.S. DC plan members continuing contributions in Q1, despite market upheaval

Just 0.9 per cent of 35 million U.S. defined contribution pension plan members ceased making contributions during the first quarter of 2022, according to a…

  • By: Staff
  • June 22, 2022 June 23, 2022
  • 15:00

KPMG allowing employees to work remotely from another province, country

KPMG in Canada is allowing employees to work remotely from another province or country in a bid to attract and retain talent amid a crowded…

Meet the 2022 Workplace Benefits Awards judges

As the 2022 Workplace Benefits Awards’ nomination process draws to a close later this month, Benefits Canada is pleased to announce this year’s panel of…

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No need for separate OSFI culture risk management guideline, says CIA

Culture risk management can be enhanced within existing risk management frameworks, says the Canadian Institute of Actuaries, adding it doesn’t see a need for a…

  • By: Staff
  • June 22, 2022 June 21, 2022
  • 09:00
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IMCO allocates funds to global credit managers, Caisse-backed bus fleet operator buys transport company

The Investment Management Corp. of Ontario is allocating US$1 billion to two global credit managers. The majority of the capital, US$550 million, will be invested…

  • By: Staff
  • June 21, 2022 June 21, 2022
  • 11:00

Expert panel: How employers can support working parents this summer

Heading into the summer months, parents of young or school-aged children are likely juggling work with gaps in their childcare needs. While many working parents…

Unifor, PW Transit agreement includes CAAT DBplus pension membership

The union representing Pacific Western Transit Canada workers in Pemberton, Squamish and Whistler, B.C., has ratified a five-year collective agreement that will see members move…

  • By: Staff
  • June 21, 2022 June 20, 2022
  • 09:00

Trusteed pension funds’ assets valued at $2.27TN in Q4: Stats Can

The market value of assets held by Canadian trusteed pension funds increased 4.2 per cent to $2.27 trillion in the fourth quarter of 2021, up from…

  • By: Staff
  • June 21, 2022 June 21, 2022
  • 09:00

31% of Canadian employees considering job change in second half of 2022: survey

Nearly a third (31 per cent) of Canadian employees are currently looking or plan to look for a new role in the second half of…

  • By: Staff
  • June 20, 2022 June 21, 2022
  • 15:00
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Stelco entering $1.3BN annuity buy-in for DB pension

Stelco Inc. is de-risking one of its defined benefit pension plans with a $1.3 billion annuity buy-in. The deal, which covers more than 7,000 United…

  • By: Staff
  • June 20, 2022 June 23, 2022
  • 09:00

Canadian employees’ engagement in line with global average of 21%: survey

While Canada’s rate of employee engagement is in line with the global average of 21 per cent, it remains lower than the U.S. (35 per…

  • By: Staff
  • June 20, 2022 June 17, 2022
  • 09:00
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Half of dog owners would leave employer for more pet-friendly company: survey

Half (48 per cent) of dog owners are willing to leave their current job for a more pet-friendly employer, according to a new survey by…

  • By: Staff
  • June 17, 2022 June 17, 2022
  • 15:00
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Top 5 HR, benefits and pension stories of the week

An article on the possible surge of disability claims linked to long-haul coronavirus and remote work injuries was the most-read story on BenefitsCanada.com over the…

  • By: Staff
  • June 17, 2022 June 17, 2022
  • 09:00

Samsung’s 2021 Workplace Benefits Awards win generating discussion, sharing of ideas with peers

Samsung Electronics Co. Ltd.’s 2021 Workplace Benefits Awards win is generating discussion and the sharing of ideas with other WBA recipients and nominees, says Merlyn Sequeira,…

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Updated CAP guidelines must reflect changes in the pension industry: CPBI session

As the Canadian Association of Pension Supervisory Authorities looks to update its capital accumulation plan guidelines, the amendments must reflect the changes in the industry,…

30% of U.S. private sector employers offering Juneteenth as a paid holiday in 2022

Nearly a third (30 per cent) of private sector employers in the U.S. are offering Juneteenth as a paid holiday this year, in addition to any…

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2022 BPS coverage: Plan sponsors should be bold with benefits plan design amid ‘Great Resignation’

The ‘Great Resignation’ is ushering in a period of great transformation for employers, the workforce and the workplace of the future, said Charmaine Alexander, senior…

2022 BPS coverage: Medications for inflammatory disease, diabetes account for top eligible drug costs

While medications used for treating inflammatory disease accounted for just 0.7 per cent of claims across Telus Health’s Canadian block of business in 2021, they…

2022 BPS coverage: How employers can combat the rise in musculoskeletal conditions

Employees are experiencing more pain than ever before, with nearly half of the workforce diagnosed with some form of chronic pain lasting more than three…

2022 BPS coverage: Olympic rower Silken Laumann shares mental-health journey

Highlighting the power of the mind to overcome physical obstacles, Silken Laumann, four-time Olympic rower and founder of the charity Unsinkable, shared the struggles she…

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81% of employees factoring hybrid work into job search: survey

Eight in 10 (81 per cent) white-collar workers cite hybrid work as a top factor when looking for a new job, ranked alongside higher pension…

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

PSP acquiring U.K. life sciences campus, Caisse investing in Quebec manufacturer

The Public Sector Pension Investment Board is investing in a life sciences campus in the U.K. Capital Park Cambridge is a 17-hectare campus with about…

  • By: Staff
  • June 16, 2022 June 16, 2022
  • 13:15
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Telus acquiring LifeWorks for $2.9 billion

Telus Corp. is acquiring LifeWorks Inc. for a total transaction value of $2.9 billion. The agreement will see Telus purchase the digital health and wellness…

  • By: Staff
  • June 16, 2022 June 16, 2022
  • 10:00
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ACPM provides feedback on proposed amendments to pension accounting standards

The Association of Canadian Pension Management is providing feedback on the Accounting Standards Board’s proposed amendments to the Chartered Professional Accountants of Canada’s handbook, including…

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