Latest news in Benefits Canada News

CPPIB appointing Manroop Jhooty head of total fund management

The Canada Pension Plan Investment Board is appointing Manroop Jhooty as senior managing director and head of total fund management, effective immediately. In the new role,…

  • By: Staff
  • September 21, 2023 September 20, 2023
  • 15:00

CPPIB invests in private equity company, Ontario Teachers’ increases stake in Australian markets platform

The Canada Pension Plan Investment Board is extending its investment in Northleaf Capital Partners through an additional $200 million commitment. Private equity investment firm Northleaf…

  • By: Staff
  • September 21, 2023 September 20, 2023
  • 11:00

Funded ratio of large U.S. DB pension plans down in August with $98BN funded status decline: report

The funded ratio of the U.S.’s 100 largest defined benefit pension plans dropped slightly in August, from 76.8 per cent as of July 31 to…

  • By: Staff
  • September 21, 2023 September 20, 2023
  • 10:30
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Nova Scotia Labour Board orders St. Mary’s University to resume pension contributions for plan members on LTD leave

The Nova Scotia Labour Board has ordered St. Mary’s University to resume making pension contributions for employees on long-term disability leave, reasoning that the pension…

34% of plan members used virtual health-care services in the last year: survey

A third (34 per cent) of benefits plan members say they’ve received health-care services virtually by phone or computer over the past year, down from…

  • By: Staff
  • September 21, 2023 September 20, 2023
  • 09:00

70% of U.S. SMEs standardizing parental leave for all employees: survey

More than two-thirds (70 per cent) of U.S. small- and medium-sized employers that offer parental leave are providing the same leave option to all employees,…

  • By: Staff
  • September 21, 2023 September 20, 2023
  • 09:00

Ontario Teachers’ CIO Ziad Hindo to step down in December

The Ontario Teachers’ Pension Plan’s Ziad Hindo will step down from his role as chief investment officer, effective Dec. 31, 2023. He joined the Ontario…

  • By: Staff
  • September 20, 2023 September 20, 2023
  • 15:00

PMPRB report shows increased plan costs, promising pharmaceutical innovation: expert

A recent report by the Patented Medicine Prices Review Board shows increased growth for private drug plan costs but promising pharmaceutical innovation, says Joe Farago, executive…

  • By: Sadie Janes
  • September 20, 2023 September 20, 2023
  • 09:00
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Half of benefits plan members understand their plan extremely or very well: survey

Half (51 per cent) of Canadian benefits plan members say they understand their plan extremely or very well, down from 65 per cent in 2018,…

  • By: Staff
  • September 20, 2023 September 19, 2023
  • 09:00
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Employers seeking to know employees better should avoid using positional power: experts

National Hockey League coach Mike Babcock thought he was just trying to get to know his players better, but experts say he may have crossed a line that’s…

CalPERS CIO Nicole Musicco to step down this month

The California Public Employees’ Retirement System’s Nicole Musicco will step down from her role as chief investment officer, effective Sept. 29, 2023. Musicco, who joined…

  • By: Staff
  • September 19, 2023 September 19, 2023
  • 11:00
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NY state law requiring employers disclose proposed pay rates takes effect

Job advertisements in New York will have to disclose proposed pay rates after a statewide salary transparency law went into effect on Sunday, part of growing state and city efforts to give women and…

54% of benefits plan members currently live with at least one chronic condition: survey

More than half (54 per cent) of Canadian benefits plan members currently live with at least one diagnosed chronic health condition, according to the 2023…

  • By: Staff
  • September 19, 2023 September 18, 2023
  • 09:00

InvestX balancing productivity, employee well-being in return-to-office strategy

Vancouver-based investment firm InvestX Financial Canada Ltd. is balancing flexibility, employee productivity and well-being by requesting all employees work onsite each Tuesday. The ‘Together Tuesdays’…

  • By: Blake Wolfe
  • September 19, 2023 September 18, 2023
  • 09:00
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Public DB pensions key to supporting women, BIPOC workers in retirement: report

Public defined benefit pension plans can play a critical role in delivering adequate retirement income for U.S. retirees, while providing a key buffer against economic…

  • By: Staff
  • September 18, 2023 September 18, 2023
  • 15:00

38% of plan members experienced a high level of stress over past 3 months: survey

More than a quarter (38 per cent) of plan members say they’ve experienced a high level of stress on a typical day over the past…

  • By: Staff
  • September 18, 2023 September 15, 2023
  • 09:00
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New target-benefit funding framework in Ontario to provide more flexibility for administrators, boards: expert

The Ontario government’s new funding framework for target-benefit plans that will provide more flexibility for plan administrators and boards, says Domenic Barbiero, principal at Eckler…

  • By: Sadie Janes
  • September 18, 2023 September 18, 2023
  • 09:00

North American institutional investors own half of private capital raised globally in 2022: report

North American institutional investors raised $749.7 billion, nearly half (49 per cent) of the $1.53 trillion total private capital raised globally between the second half…

  • By: Staff
  • September 15, 2023 September 15, 2023
  • 15:00

72% of plan members appreciate health benefits more today than before pandemic: survey

Nearly three-quarters (72 per cent) of Canadian benefits plan members say they appreciate their health benefits more today than they did before the coronavirus pandemic,…

  • By: Staff
  • September 15, 2023 September 14, 2023
  • 09:00

Editorial: Getting personal about life as a working single mom

Every time I sit down to write my editorial for our annual Women’s Issue, now in its sixth year, the themes these issues highlight for…

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

An article on the Canadian Association of Pension Supervisory Authorities’ new risk management guideline was the most-read story on BenefitsCanada.com over the last week. Here are the five most…

  • By: Staff
  • September 15, 2023 September 14, 2023
  • 09:00

Webinar coverage: Employers embracing gender affirmation coverage, menopause education as they increase focus on DEI

After years of viewing diversity, equity and inclusion as a side-of-the-desk issue, Canadian employers are increasingly considering it a top priority and integrating their organizational DEI…

Head to head: Are employers making progress on the gender pay gap?

While Canada has had pay equity laws since the 1970s, gender pay gaps still exist, but new pay transparency legislation in British Columbia is aiming…

How Snap is using flexible working to help ease new parents’ return to work

By March 2021, nearly half a million Canadian women who lost their jobs during the pandemic still hadn’t returned to work by the beginning of…

Canadian women share what evolving benefits and workplace policies mean to them

When Jessica Charbonneau decided to have a child through assisted reproduction a few years ago, it wasn’t cheap, but her employer helped shoulder some of…