Latest news in Benefits Canada News

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Lululemon aiming to train all employees in mental-health first aid

Lululemon Athletica Inc. is offering mental-health first-aid training to all employees, with a goal of training all of its workers by 2023. While the training…

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BCI invests in corporate services, Caisse sells IT shares, PSP acquires construction project

The British Columbia Investment Management Corp. is investing in a global corporate services provider. Through the agreement, which was reached with majority investor Corsair Capital,…

  • By: Staff
  • March 3, 2022 March 3, 2022
  • 09:00
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Bank of Canada raises interest rate to 0.5%, warns of volatility

In a move widely anticipated by the financial sector, the Bank of Canada is increasing its target for the overnight rate to 0.5 per cent.…

  • By: Staff
  • March 3, 2022 March 3, 2022
  • 09:00

Majority of U.S. retirees depleting retirement payouts from DC pensions: survey

A third (34 per cent) of U.S. retirees who took a lump sum from their defined contribution pension plan in retirement depleted that sum within…

  • By: Staff
  • March 3, 2022 February 28, 2022
  • 09:00
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92% of U.S. employees want a four-day workweek: survey

Nearly all (92 per cent) U.S. employees are in favour of a four-day workweek, citing improved mental health and increased productivity as perceived benefits, according…

  • By: Staff
  • March 2, 2022 February 28, 2022
  • 15:00

ArcelorMittal collective agreements’ renewal improves DB pension, work-life balance

ArcelorMittal Long Products Canada is renewing three collective agreements with its employees, including improvements to the defined benefit pension plan, disability benefits and life insurance.…

  • By: Staff
  • March 2, 2022 March 1, 2022
  • 09:00
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Ontario’s DB pension plans should take steps to maintain strong funded status: FSRA

With Ontario’s defined benefit pension plans in their best financial shape since 2009, the Financial Services Regulatory Authority of Ontario is advising plan sponsors and…

AIMCo, BCI to divest Russian holdings

In response to the ongoing conflict between Russia and Ukraine, the Alberta Investment Management Corp. and the British Columbia Investment Management Corp. are divesting from…

  • By: Staff
  • March 1, 2022 March 3, 2022
  • 15:30

Global employers focusing on employee well-being during talent scarcity: survey

While 82 per cent of employers globally said focusing on employee well-being is helping them combat talent scarcity, just 67 per cent of employers in Canada said…

  • By: Staff
  • March 1, 2022 March 2, 2022
  • 15:00

OMERS returns 15.7% for 2021, led by private equity investments

The Ontario Municipal Employees Retirement System returned 15.7 per cent for 2021, a significant increase on its 2020 return. In its annual report, the OMERS…

  • By: Staff
  • March 1, 2022 February 28, 2022
  • 09:00
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N.S. Pension Services Corp. acquires industrial property, Ontario Teachers’ invests in mining company

The Nova Scotia Pension Services Corp. is acquiring an industrial property for a Quebec electric vehicle design company. The 8.42 hectare facility, located in Chicago, will be…

  • By: Staff
  • March 1, 2022 February 28, 2022
  • 09:00
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B.C. paramedics seeking enhanced mental-health benefits

Paramedics in British Columbia are seeking increased mental-health support and psychological training amid increasing challenges posed by the coronavirus pandemic and the opioid crisis. Troy…

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Expert panel: Considerations for disability management in a hybrid work environment

As this wave of the coronavirus pandemic abates and more organizations settle into their respective futures of work, leadership teams are considering how the many…

How IKEA Canada is celebrating stories of Black Canadians this Black History Month and beyond

IKEA Canada is celebrating the voices and success stories of people from the Black community this Black History Month and beyond. This month, the furniture…

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Canadian pension plans overcoming legislation, governance challenges: webinar

Representatives from a few of Canada’s most progressive pension plans weighed in on topics ranging from plan design to the various challenges posed by legislation…

  • By: Blake Wolfe
  • February 28, 2022 February 28, 2022
  • 09:00

Survey finds RRSP knowledge on decline over past five years

While Canadians continue to use registered retirement savings plans for retirement planning, knowledge about RRSPs has declined over the past five years, according to a…

  • By: Staff
  • February 28, 2022 February 25, 2022
  • 09:00

AIMCo appointing Sandra Lau, James Barber as co-CIOs

The Alberta Investment Management Corp. is appointing Sandra Lau and James Barber as co-chief investment officers, effective March 1. The pair will succeed Dale MacMaster,…

  • By: Staff
  • February 25, 2022 February 25, 2022
  • 15:00

How are investment fees impacting retirement readiness?

Higher investment fees in capital accumulation plans can potentially set an individual’s retirement date back by four years, according to Mercer’s latest retirement readiness barometer.…

  • By: Staff
  • February 25, 2022 February 24, 2022
  • 09:00
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55% of working Canadians value flexible work arrangements over career progression: survey

Just over half (55 per cent) of Canadians said flexible or hybrid work arrangements are more important to them than career progression (24 per cent),…

  • By: Staff
  • February 25, 2022 February 25, 2022
  • 09:00

Top 5 HR, pension and benefits stories of the week

A pair of stories on employee burnout and the ‘Great Resignation’ took the top spots over the past week on BenefitsCanada.com. Here are the five most…

  • By: Staff
  • February 25, 2022 February 25, 2022
  • 09:00

Retirement community operator supporting employee financial wellness

A retirement community operator is allowing employees to access their pay at any time as part of a wider financial wellness strategy. In May, Seasons…

  • By: Blake Wolfe
  • February 25, 2022 April 19, 2022
  • 09:00

Caisse highlights alternative investment portfolio as 2021 return hits 13.5%

The Caisse de dépôt et placement du Québec saw overall returns of 13.5 per cent in 2021, its best performance since 2010. By the end…

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CPPIB entering multifamily property development, selling stake in energy company to Ontario Teachers’

The Canada Pension Plan Investment Board is entering a joint venture to develop multifamily residential communities in high-growth metropolitan areas of the U.S. The institutional…

  • By: Staff
  • February 24, 2022 February 24, 2022
  • 09:00

Largest U.S. pension fund appoints Canadian as CIO

The California Public Employees’ Pension Retirement System is appointing Nicole Musicco as its new chief investment officer, effective March 28. She joins the CalPERS from…

  • By: Staff
  • February 24, 2022 February 23, 2022
  • 09:00

How can employers turn the ‘Great Resignation’ tide?

Employers have been dealing with multiple crises lately, from the coronavirus pandemic to high levels of burnout among their employees and many Canadians considering leaving…