Latest news in Benefits Canada News

Plan Sponsor Week: HOOPP looking to LDI strategy 2.0 amid low interest rates

After a strong 2021, HOOPP is prepared for a volatile 2022: CEO

The Healthcare of Ontario Pension Plan generated an 11.28 per cent return in 2021, led by its public and private equity portfolios. “It was a…

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Ontario judge cautions FSRA in certification of Brewers Retail pension class action

In certifying a pension class action by Brewers Retail Inc., an Ontario Superior Court judge denounced the Financial Services Regulatory Authority of Ontario for defying…

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U.S. employees split over pandemic’s impact on mental health: survey

While U.S. employees say most parts of their lives have improved since the coronavirus pandemic was declared in March 2020, their opinions on mental health…

  • By: Staff
  • March 15, 2022 March 15, 2022
  • 15:00
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India courting Canada’s pension funds for infrastructure investments

India’s finance minister is calling on Canada’s pension plans to invest in infrastructure projects in the world’s most populous democracy. This week, Mary Ng, Canada’s…

  • By: Staff
  • March 15, 2022 March 15, 2022
  • 10:15
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Toronto non-profit compensating interviewees for their time

A Toronto-based non-profit organization is compensating prospective employees by paying them for their time during interviews. FoodShare Toronto’s new policy, which took effect March 1,…

Report finds employee health, well-being a top concern for Canadian employers

More than a quarter (29 per cent) of Canadian employers say employee health and well-being is a top risk for companies, according to a new…

  • By: Staff
  • March 15, 2022 March 11, 2022
  • 09:00
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New multi-employer pension plan coming for incorporated physicians

A new multi-employer pension plan is being created for Canadian incorporated physicians. The Medicus Pension Plan, developed by MD Financial Management Inc. and Scotiabank, will…

  • By: Staff
  • March 14, 2022 March 14, 2022
  • 15:00
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Ontario Teachers’ returns 11.1% for 2021, led by private equity investments

The Ontario Teachers’ Pension Plan investments returned 11.1 per cent in 2021, with its result driven by the strong performance of its private equity portfolio.…

  • By: Staff
  • March 14, 2022 March 15, 2022
  • 09:01

B.C. Municipal Pension Plan’s employee life and health trust joining BCI

The British Columbia Municipal Pension Plan’s new Municipal Retiree Benefit Trust is joining the B.C. Investment Management Corp. The MRBT, which has $100 million in assets…

  • By: Staff
  • March 14, 2022 March 10, 2022
  • 09:00

Employees want flexible working, better benefits to return to workplace: survey

While just 12 per cent of Canadian office workers say working entirely at a physical workplace is their ideal scenario moving forward, 43 per cent…

  • By: Staff
  • March 14, 2022 March 14, 2022
  • 09:00

Survey finds 62% of U.S. DB plan sponsors seeking to exit their plans

Almost two-thirds (62 per cent) of U.S. defined benefit plan sponsors are seeking to exit their plans, while 33 per cent are looking to achieve…

  • By: Staff
  • March 11, 2022 March 11, 2022
  • 15:00
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Two years later: DB plans out of the pandemic frying pan, into the geopolitical fire

The second year of the coronavirus pandemic offered defined benefit pension plan sponsors a reprieve from the chaos sown in financial markets during its first…

Green Shield acquiring specialty, digital pharmacies

Green Shield Holdings Inc. is acquiring specialty pharmacy NKS Health and digital pharmacy the Health Depot. NKS Health, which is focused on complex disease management,…

  • By: Staff
  • March 11, 2022 February 17, 2023
  • 09:00

Top 5 HR, pension and benefits stories of the week

With today marking the second anniversary of the coronavirus pandemic, it isn’t surprising that a pair of articles on the pandemic’s lasting impact were among…

  • By: Staff
  • March 11, 2022 March 11, 2022
  • 09:00

80% of U.S. workers experiencing ‘Zoom fatigue:’ survey

A majority (80 per cent) of U.S. remote workers say they’re experiencing some level of ‘Zoom fatigue,’ according to a survey by Honest Paws, a…

  • By: Staff
  • March 10, 2022 March 10, 2022
  • 15:00

Caisse venture capital hub partners with innovative funds, Ontario Teachers’ backs AI-powered credit platform

The Caisse de dépôt et placement du Québec’s venture capital hub is partnering with seven venture capital funds representing $8.6 billion in assets under management.…

  • By: Staff
  • March 10, 2022 March 10, 2022
  • 13:20

Largest U.S. DB plans’ average funded status reaches 93.8%: report

The average funded status for the largest U.S. defined benefit pension plans was 93.8 per cent in 2021, up from 86.2 per cent in 2020…

  • By: Staff
  • March 10, 2022 March 9, 2022
  • 09:00

Two years later: Employers leveraging health, wellness tools to prevent pandemic-fuelled burnout, disability leaves

As the second anniversary of the coronavirus pandemic approaches, Canadian employers are leveraging all the tools in their health and wellness toolbox to stave off…

Mental health-related disability rises among Canadians during pandemic: Stats Can

The proportions of mental health-related disability increased 2.3 percentage points from 2019 (6.4 per cent) to 2021 (8.7 per cent), according to combined data from…

  • By: Staff
  • March 9, 2022 March 9, 2022
  • 15:00
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OPTrust posts 15.3% net return, driven by private equity investments

The OPSEU Pension Trust is reporting a net investment return of 15.3 per cent for 2021, a result driven by strong private equity performance. In…

  • By: Staff
  • March 9, 2022 March 11, 2022
  • 09:30

Survey finds mental-health support vital to move beyond pandemic

While 84 per cent of Ontarians believe mental-health support is vital to move beyond the coronavirus pandemic, less than a third (28 per cent) feel…

  • By: Staff
  • March 9, 2022 March 8, 2022
  • 09:00

Two years later: Employers prioritizing social connection, employee engagement amid pandemic

It’s been two years since CGI Inc. held its last big in-person social event for employees. The Bollywood-themed extravaganza, hosted in March 2020, offered several…

Half of U.S. employees say employers are supporting well-being during the pandemic: survey

More than half (58 per cent) of U.S. employees say their employer has supported their well-being during the two-year coronavirus pandemic, according to a new…

  • By: Staff
  • March 8, 2022 March 8, 2022
  • 15:00

Canadian DB pension funded position improved in February: report

Despite rising concerns about inflation and the war in Ukraine, the funded position of a typical Canadian defined benefit pension plan improved slightly on both…

  • By: Staff
  • March 8, 2022 March 8, 2022
  • 12:30

CPPIB financing global education technology company, BCI acquiring solar power provider

The Canada Pension Plan Investment Board is financing US$350 million of debt for a global education technology provider. Valued at US$3.2 million, Mumbai-based Emeritus offers…

  • By: Staff
  • March 8, 2022 March 8, 2022
  • 12:00