Latest news in Benefits Canada News

2024 Risk Management Conference: A look at the first days of the WISE Trust: it ‘felt like a startup’

Overseeing the transition of a single-employer pension plan to a jointly sponsored one felt at times like launching a startup firm, according to Theo Heldman,…

2024 Risk Management Conference: Panel: Expanding access to DB pension plans best way to maintain sustainability

Longevity risk is still among the top concerns keeping defined benefit pension plan sponsors up at night. While a 62-year-old person that retired in 2002…

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Peel Region enhancing communication strategy with online employee service centre

The Regional Municipality of Peel is enhancing its communication strategy with its employee service centre, says Deborah Arsenault, the regional government’s chief human resources officer.…

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

An article on how ‘carewashing’ can negatively impact employers’ well-being strategies was the most-read story on BenefitsCanada.com this past week. Here are the top five human…

  • By: Staff
  • October 18, 2024 October 17, 2024
  • 09:00
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Nova Scotia offers retirement fund top-ups to attract, retain physicians

The Nova Scotia government is offering to pay up to $15,000 a year into a new retirement benefits program for doctors in hopes the public…

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Average Canadian DB pension plan returns 0.4% in September: report

The funded position of a typical Canadian defined benefit pension plan decreased to 107 per cent in August, down from to 107.8 per cent at the…

  • By: Staff
  • October 17, 2024 October 15, 2024
  • 11:00
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Expert panel: How will CAPSA’s risk management guideline impact pension plan administrators?

The Canadian Association of Pension Supervisory Authorities’ guideline for risk management provides that plan administrators should create a framework to identify, evaluate, manage and monitor…

70% of U.S. employers cite compliance challenges amid expansion of paid leave: survey

Nearly seven in 10 U.S. employers say compliance with state legislation is one of their top three concerns amid the expansion of paid disability and…

  • By: Staff
  • October 17, 2024 October 16, 2024
  • 09:00
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Caisse investing $60 million in private equity fund, launching U.S. sustainable real estate financing program

The Caisse de dépôt et placement du Québec is investing $60 million in the first round of a private equity fund created by BDG &…

  • By: Staff
  • October 16, 2024 October 16, 2024
  • 15:00

Maple Leaf Foods, Unifor agreement includes pension, benefits gains

The union representing 60 employees at Maple Leaf Foods in Port Perry, Ont., has ratified a four-year collective agreement that includes pension and benefits gains.…

  • By: Staff
  • October 16, 2024 October 16, 2024
  • 15:00

32% of Canadian employees saving less during the summer: survey

While 55 per cent of Canadian workers say their ability to save money remained unchanged during the summer months, 32 per cent indicated they saved…

  • By: Staff
  • October 16, 2024 October 16, 2024
  • 09:00

Investment funds targeting domestic assets a roadmap to boosting Canadian infrastructure allocations: expert

Investment funds that are designed to entice Canadian institutional investors to allocate more capital in domestic assets could open up conversations regarding the most effective…

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BCI targeting methane emissions, board diversity: stewardship report

The British Columbia Investment Management Corp. is focusing on methane emissions regulation and board diversity among its key environmental, social and governance policy initiatives, according to…

  • By: Staff
  • October 15, 2024 October 15, 2024
  • 09:00

Feds moving ahead with sustainable investing guidelines, but details still scarce

Finance Minister Chrystia Freeland said the federal government is moving ahead with guidelines around sustainable investing and corporate climate disclosures, but details on the plans…

Senate passes pharmacare legislation without amendments

Prime Minister Justin Trudeau is calling on provinces and territories to start negotiating pharmacare deals as soon as possible, now that the federal legislation to…

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

An article on why employers that mandate onsite work could see increased employee turnover was the most-read story on BenefitsCanada.com this past week. Here are the…

  • By: Staff
  • October 11, 2024 October 10, 2024
  • 09:00

Novartis empowering, retaining young employees through engagement, growth opportunities

Young workers can face unique challenges when entering the workforce or starting a new job and it’s up to employers to help ease that transition,…

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How employers can avoid ‘carewashing’ their employee well-being strategy

It’s important for employers to ‘walk the talk’ and ensure their employee well-being efforts are effecting real results and not just an exercise in ‘carewashing,’ said Paula…

Editorial: Calling on government, employers to update inequitable benefits for working parents

As I write this, I’ve been back at my desk for three weeks following my second maternity leave. This time around, I took nearly eight…

A look at the development, rationale behind York Region’s right-to-disconnect policy

When Ontario’s right-to-disconnect legislation came into effect in 2022, York Region was eager to comply as it aligned with the organization’s goals and workplace culture,…

2024 Top 50 DC Plans Report: How are plan sponsors using AI to affect pension member experience, savings outcomes?

The Co-operative Superannuation Society Pension Plan is in the middle of a years-long digital transformation that’s aiming to improve member experience. In addition to introducing…

New technologies, industry partnerships stemming the tide of benefits fraud

In 2016, the Toronto Transit Commission sued its insurer for allegedly not having appropriate benefits fraud controls in place to detect unusual trends or patterns.…

How institutional investors are approaching digital infrastructure assets

For institutional investors looking to add some glitz to their portfolio, digital infrastructure may not be the right asset class. Benn Mikula and his colleagues…

City of Montreal navigating volatility driven by global equities

As institutional investors’ results expectations continue to expand at a rampant speed, Errico Cocchi doesn’t want to get lost in overcomplicated investment trends. “At the…

Q&A with Manulife Canada’s Michelle DeBeyer

The insurance company’s vice-president and head of human resources discusses embracing artificial intelligence and taking time to sit back, relax and connect with family. Q:…