Latest news in Benefits Canada News

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Meridian supporting employee financial wellness with guaranteed wage

Meridian Credit Union Ltd. is supporting its employees’ financial wellness by guaranteeing wages of at least $23.15 per hour. The pay rate — which is…

  • By: Blake Wolfe
  • November 29, 2022 November 29, 2022
  • 09:00

Big Bang supporting employees’ personal development with paid day for volunteering

Big Bang ERP Inc. is marking Giving Tuesday by encouraging its employees to volunteer in their communities through a paid day for volunteering. The initiative…

  • By: Sadie Janes
  • November 29, 2022 November 28, 2022
  • 09:00
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Saskatchewan amending pension legislation to include more decumulation options, solvency reserve funds

The Saskatchewan government is introducing amendments to its pension legislation that provide additional flexibility for plan sponsors and introduce new decumulation options for members of…

  • By: Staff
  • November 28, 2022 November 28, 2022
  • 15:00

Pension super-priority bill passes in House of Commons

A bill intended to provide defined benefit pension plan members with super-priority in the event of a plan sponsor’s insolvency passed in the House of…

BCI enhancing climate change strategy

The British Columbia Investment Management Corp. is enhancing its climate change strategy to successfully navigate the global transition towards net-zero emissions. The investment organization’s priorities…

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

Ontario municipality establishing six-week indoor mask requirement for city employees

The mayor of a city west of Toronto says municipal employees will have to wear masks for the next six weeks amid rising illnesses among…

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Top 5 HR, benefits, pension and investment stories of the week

An article on the FIRE — financial independence and retiring early — concept was the most-read story on BenefitsCanada.com over the last week. Here are the five…

  • By: Staff
  • November 25, 2022 November 24, 2022
  • 09:00

High-cost medicines driving drug costs for public, private plans: report

The increasing use of high-cost medicines is the primary cost driver for all Canadian drug plans, according to a new report by the Patented Medicine…

  • By: Staff
  • November 25, 2022 November 24, 2022
  • 09:00

CIBC supporting employee health with wellness platform

The Canadian Imperial Bank of Commerce is supporting employee wellness with a new platform that focuses on healthy lifestyle tips and group well-being challenges. The…

  • By: Sadie Janes
  • November 25, 2022 November 24, 2022
  • 09:00
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IMCO announces interim carbon reduction targets for 2030

The Investment Management Corp. of Ontario is revealing interim carbon reduction targets for 2030. The investment organization is planning to halve its $79 billion portfolio’s…

  • By: Staff
  • November 24, 2022 November 22, 2022
  • 09:00

41% of U.S. women expect to retire at age 70, older or not at all: survey

Two-fifths (41 per cent) of U.S. women say they expect to retire at age 70 or older or don’t plan to retire at all, according…

  • By: Staff
  • November 24, 2022 November 23, 2022
  • 09:00
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Survey finds 68% of global employers with high employee engagement have well defined DEI plans

Two-thirds (68 per cent) of global employers with high levels of employee engagement say they have a well defined diversity, equity and inclusion plan, according…

  • By: Staff
  • November 23, 2022 November 24, 2022
  • 15:00

Canadian responsible investments holding steady at $3 trillion AUM: survey

Canadian investment managers had $3 trillion in assets using responsible investment strategies as of Dec. 31, 2021, down slightly from the $3.2 trillion reported in…

  • By: Staff
  • November 23, 2022 November 23, 2022
  • 09:00
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Employer’s prior conduct prohibits pension plan amendments, despite collective agreement terms: Ontario court

A recent Ontario Divisional Court ruling serves as a caution that employers’ prior conduct may prohibit them from amending pension plans even when the collective…

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TTC lifting coronavirus vaccine mandate Nov. 27

The Toronto Transit Commission is ending its mandatory coronavirus vaccination requirement for workers and offering to reinstate employees who were terminated as a result of…

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Expert panel: Can pension administrators deny benefits to plan members who don’t submit proof-of-life forms?

In August, the Canadian Broadcasting Corp. reported that the U.K. Department for Works and Pensions cut off state pension payments to several expatriate pensioners living…

  • By: Mary Picard
  • November 22, 2022 November 22, 2022
  • 09:00
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BoC efforts to cool inflation attracting long-term institutional investors: expert

Despite concerns about global economic headwinds, the Bank of Canada’s successful efforts to curb inflation is capturing the attention of institutional investors, says Kathrin Forrest,…

FSRA releases final pension deregistration guidance

The Financial Services Regulatory Authority of Ontario has released its final pension deregistration guidance, which identifies the documents, information and timeframes that are required under…

  • By: Staff
  • November 21, 2022 November 21, 2022
  • 15:00

GTA developmental service workers striking for paid sick days, better wages

Developmental service workers across the Greater Toronto Area are exercising their right to strike after their union — the Service Employees International Union Healthcare — was…

  • By: Staff
  • November 21, 2022 November 21, 2022
  • 15:00

80% of U.S. workers view mental-health coverage as critical: survey

While 80 per cent of U.S. employees view mental-health coverage as critical, only 61 per cent have access to mental-health care as part of their…

  • By: Staff
  • November 21, 2022 November 18, 2022
  • 09:00

Survey finds 68% of North American employers have a formal DEI program

More than two-thirds (68 per cent) of North American employers have a formal diversity, equity and inclusion policy or program, while 60 per cent offer…

  • By: Staff
  • November 21, 2022 November 18, 2022
  • 09:00
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Majority of millennials aren’t saving enough for retirement: survey

More than two-thirds (70 per cent) of millennials say they aren’t saving enough for retirement, while 27 per cent aren’t able to save any money,…

  • By: Staff
  • November 18, 2022 November 17, 2022
  • 15:00
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Survey finds retirement savings plans key to employee retention

Six in 10 (60 per cent) U.S. employees say they’re more likely to stay at their current job if their employer offers a retirement savings…

  • By: Staff
  • November 18, 2022 November 18, 2022
  • 09:01

87% of employees have experienced burnout over the last year: survey

More than eight in 10 (87 per cent) employees have experienced burnout over the last year, with the number increasing to 89 per cent among…

  • By: Staff
  • November 18, 2022 November 18, 2022
  • 09:01