Latest news in Benefits Canada News

An overview of new DC plan decumulation options

An overview of new DC plan decumulation options

From plan members to plan sponsors to providers, everyone in the industry is talking about decumulation. Even governments are getting in on the action. But…

Using creativity to engage employees with pensions

Using creativity to engage employees with pensions

When is the best time to tell your employees about how good your pension plan is? “Before someone else tells them about theirs,” said Keith…

Wrap-up: DC plan sponsor challenges and opportunities

Wrap-up: DC plan sponsor challenges and opportunities

Wrapping up the 2020 DC Plan Summit with his customary flair, Zaheed Jiwani, principal and leader of the DC consulting group at Eckler Ltd., highlighted…

Goldman Sachs using virtual programs to support workers, kids during coronavirus

Goldman Sachs using virtual programs to support workers, kids during coronavirus

Goldman Sachs Group Inc. is supporting its U.S. staff during the coronavirus pandemic with a series of programs they can tune into remotely, from fitness…

  • By: Staff
  • April 16, 2020 November 12, 2020
  • 09:45
How to ease pension plan member anxiety when they can’t access funds

How to ease pension plan member anxiety when they can’t access funds

Anxiety is running high for many Canadians who are feeling the immediate financial impact of the coronavirus pandemic due to job losses, reduced work hours…

How are Canadian employers handling workers’ family responsibility pressures?

The majority of Canadian employers are aware of workers who can’t conform to their normal schedule because of family responsibilities while working from home during…

  • By: Staff
  • April 15, 2020 November 23, 2020
  • 16:00

Feds expand CERB to workers earning up to $1,000 per month

The federal government is expanding the Canada Emergency Response Benefit to include workers whose monthly income has been reduced to $1,000 or less, in response…

  • By: Staff
  • April 15, 2020 March 19, 2021
  • 15:00
Feds urged to allow tax-deferred RRSP withdrawals during coronavirus

Feds urged to allow tax-deferred RRSP withdrawals during coronavirus

A new report by the C.D. Howe Institute is urging the federal government to suspend taxes on registered retirement savings plan withdrawals during the coronavirus pandemic. The report…

  • By: Staff
  • April 14, 2020 November 30, 2020
  • 15:45
Majority of Canadian workers feel safe at work: survey

Majority of Canadian workers feel safe at work: survey

The vast majority (86 per cent) of Canadians feel safe in their workplaces right now, according to a new survey. The survey, conducted by Angus…

  • By: Staff
  • April 14, 2020 November 12, 2020
  • 15:15
Are pension plans considering filing early valuations to lock in pre-coronavirus funded ratios?

Are pension plans considering filing early valuations to lock in pre-coronavirus funded ratios?

With coronavirus causing market volatility and an increase in the size of solvency liabilities, defined benefit pension plans are feeling the impact. One potential way…

Specialty drug usage, traditional drug costs drive small rise in 2019 spending: report

Specialty drug usage, traditional drug costs drive small rise in 2019 spending: report

Private drug plans saw a slight uptick in costs in 2019 due to the increased use of specialty drugs and higher price points for traditional medications,…

  • By: Staff
  • April 14, 2020 September 15, 2022
  • 10:00
Pension industry urging feds for relief from coronavirus fallout

Pension industry urging feds for relief from coronavirus fallout

The Association of Canadian Pension Management and the Pension Investment Association of Canada have sent the federal government their wish lists for actions to help…

Number of staff working remotely, part time up 415%: survey

Number of staff working remotely, part time up 415%: survey

Several weeks into the coronavirus pandemic, the U.S. has seen a 415 per cent increase in the percentage of employees working remotely or part time, according to…

  • By: Staff
  • April 13, 2020 November 12, 2020
  • 15:15

Should plan sponsors shift their benefits plan spend during coronavirus?

With the coronavirus pandemic affecting many businesses, employers are considering their options for shifting their benefits plan spend. Usage rates for benefits such as dental and paramedical…

CAP members seeking reassurance but not changing investments

CAP members seeking reassurance but not changing investments

While a flurry of capital accumulation plan member activity might indicate their anxiety amid an economic crisis, not many are choosing to make changes to…

Contract, self-employed Canadians worry about end of coronavirus support

Contract, self-employed Canadians worry about end of coronavirus support

Summers are big business for the Butlers. Samantha and her husband John are partners in a small photography and videography business, with the bulk of…

Are there legal issues for pension funds making charitable donations right now?

Are there legal issues for pension funds making charitable donations right now?

With the coronavirus pandemic causing pain for employers and employees across the country, many organizations want to help out those in need. But can pension…

Considerations for employers rehiring with help from federal wage subsidies

With a few days under their belts to digest the federal government’s proposed wage subsidy benefits, some Canadian employers are starting to rehire workers who were put…

AIMCo earns 10.6% return for 2019, underperforms benchmark

The Alberta Investment Management Corp. delivered a 10.6 per cent return in 2019, net of all fees, representing a net investment income of about $11.5…

  • By: Staff
  • April 9, 2020 November 11, 2020
  • 08:45
Employers to have easier time accessing coronavirus wage subsidy program

Employers to have easier time accessing coronavirus wage subsidy program

The federal government will now only require employers to demonstrate a 15 per cent drop in revenue during the month of March due to the…

  • By: Staff
  • April 8, 2020 November 12, 2020
  • 15:45
Webinar: Coronavirus and workplace mental health

Webinar: Coronavirus and workplace mental health

While physical well-being is vital during the coronavirus pandemic, the situation is raising multiple mental-health issues, including rising stress levels exacerbated by job uncertainty and…

Global sales of mental-health drugs could hit US$40B by 2025 due to coronavirus

Global sales of mental-health drugs could hit US$40B by 2025 due to coronavirus

The mental-health repercussions of the coronavirus could see global sales of psychiatric drugs increase to more than US$40 billion by 2025, according to data and…

  • By: Staff
  • April 7, 2020 November 12, 2020
  • 15:00

Legal considerations for pension plan sponsors on design changes amid coronavirus

Financial hardship is hitting employers across Canada and they’re starting to make difficult choices around cost-cutting measures within their businesses. “Some plan sponsors may be…

PSP investing in real estate advisory and tech firm

PSP investing in real estate advisory and tech firm

The Public Sector Pension Investment Board is making a strategic investment in SitusAMC, which provides advisory, outsourcing, talent and technology solutions to both the commercial and…

  • By: Staff
  • April 6, 2020 November 12, 2020
  • 15:51
CPPIB appoints head of San Francisco operations

CPPIB appoints head of San Francisco operations

The Canada Pension Plan Investment Board is appointing Judy Wade as managing director and head of the San Francisco offices it set up in August 2019. In…

  • By: Staff
  • April 6, 2020 November 12, 2020
  • 15:45