Latest news in Benefits Canada News

How Concordia University’s pension plan is putting liabilities first

Since the financial crisis, the Pension Plan for the Employees of Concordia University has transformed the way it approaches investments by introducing its first funding…

What pension legislation is expected in 2020?

What pension legislation is expected in 2020?

Pension plan stakeholders will see a continued evolution of both short- and long-term reform, with some significant developments expected in 2020. “Hopefully, Ontario will finalize…

Why you should hire a workplace life coach

Why you should hire a workplace life coach

From rowing to rugby, skiing to athletics, coaching has long been an intrinsic part of sports. In the workplace, however, coaching is a newer development.…

Q&A with Ceridian’s Michelle Bogart

Q&A with Ceridian’s Michelle Bogart

Ceridian HCM Inc.’s director of employee engagement and culture discusses flexible working, parental leave and family bike rides. Q. What top challenges do you face…

New report calling on feds to allow Canadians to buy annuities within TFSAs

New report calling on feds to allow Canadians to buy annuities within TFSAs

A new report by the C.D. Howe Institute is recommending the federal government amend legislation to allow Canadians to buy life annuities within a tax-free savings account.…

  • By: Staff
  • December 19, 2019 November 30, 2020
  • 10:15
Canada Life eliminating plastic drug plan cards, moving to complete digital experience

Canada Life eliminating plastic drug plan cards, moving to complete digital experience

The Canada Life Assurance Co. is eliminating plastic drug plan cards, with an aim to move to a completely digital experience for group plan members…

  • By: Staff
  • December 19, 2019 November 12, 2020
  • 08:45
CPPIB investing in Indian distressed assets platform

CPPIB investing in Indian distressed assets platform

The Canada Pension Plan Investment Board is committing US$225 million to the India Resurgence Fund platform, through its wholly owned subsidiary CPPIB Credit Investments Inc. The IndiaRF is…

  • By: Staff
  • December 18, 2019 November 12, 2020
  • 15:00
Co-op Refinery employees locked out over protracted pension dispute

Co-op Refinery employees locked out over protracted pension dispute

Eight hundred unionized employees of Regina-based Co-op Refinery remain locked out after contract negotiations stalled. The refinery, which is part of Federated Co-operatives Ltd., locked out…

Air Canada pension plan investment team launches investment management firm

Air Canada pension plan investment team launches investment management firm

In 2009, the Air Canada pension plan was in dire straits with a $2.6 billion solvency deficit. A decade later, it has a surplus of…

  • By: Yaelle Gang
  • December 18, 2019 November 11, 2020
  • 09:00
Navacord acquiring Ontario-based SmartChoice Benefits

Navacord acquiring Ontario-based SmartChoice Benefits

Canadian insurance and risk management brokerage Navacord Corp. is acquiring Concord, Ont.-based SmartChoice Benefits Inc. The acquisition will allow Navacord to enter the third-party administration space, noted a press…

  • By: Staff
  • December 17, 2019 November 12, 2020
  • 15:00
Lower interest rates inflating federal pension costs: Morneau

Lower interest rates inflating federal pension costs: Morneau

Heading into 2020 and beyond, the outlook for interest rates is impacting the federal government’s projected pension obligations and its budgetary balance. In its 2019 fall economic…

  • By: Staff
  • December 17, 2019 November 30, 2020
  • 09:20
Manitoba premier wants to merge management of public sector pensions

Manitoba premier wants to merge management of public sector pensions

Manitoba Premier Brian Pallister is calling for a merger of the management services for the province’s public-sector pensions. Pallister says he’s not suggesting the funds…

  • By: Staff
  • December 16, 2019 November 30, 2020
  • 15:45
Northumberland County workers fighting proposed changes to STD leave

Northumberland County workers fighting proposed changes to STD leave

The union representing 33 employees of the Northumberland County social services department says the county is attempting to weaken employees’ short-term disability leave and remove…

Millennials facing challenges saving for retirement: survey

Millennials facing challenges saving for retirement: survey

Two-thirds (65 per cent) of Canadian millennials said they worry if they buy a home and delay their savings, they won’t have enough for retirement,…

  • By: Staff
  • December 16, 2019 November 30, 2020
  • 09:30
Eacom Timber workers reach agreement with pension, benefits improvements

Eacom Timber workers reach agreement with pension, benefits improvements

Employees at Eacom Timber Corp. have a new six-year collective agreement, which includes improvements to the pension and benefits plan. The lumber operation employs 160…

  • By: Staff
  • December 16, 2019 November 30, 2020
  • 09:00
Institutional investors unsatisfied with public companies’ climate disclosures: survey

Institutional investors unsatisfied with public companies’ climate disclosures: survey

A majority (59 per cent) of global institutional investors said they’re dissatisfied with publicly traded companies’ climate-related disclosures, according to a new survey by the…

  • By: Staff
  • December 16, 2019 November 12, 2020
  • 08:30

Feds supporting PEI initiatives addressing workplace sexual harassment

The federal government is giving the Prince Edward Island Human Rights Commission and the Community Legal Information Association of PEI $1.7 million over five years for a…

  • By: Staff
  • December 13, 2019 December 3, 2020
  • 15:00
70% of U.S. employees concerned about retirement savings: survey

70% of U.S. employees concerned about retirement savings: survey

The majority (70 per cent) of U.S. employees said their top financial concern is saving enough money for retirement, according to a new survey by…

  • By: Staff
  • December 13, 2019 November 11, 2020
  • 09:15
Equity markets, macro indicators playing tug of war

Equity markets, macro indicators playing tug of war

Heading into 2020, institutional investors are eyeing the disconnect between gloomy macroeconomic indicators and strong equity market performance. Leading indications in both North American and European…

OMERS appoints Blake Hutcheson new CEO

OMERS appoints Blake Hutcheson new CEO

The Ontario Municipal Employees Retirement System is appointing Blake Hutcheson as its new chief executive officer, effective June 1, 2020. Hutcheson, who is currently OMERS’ president and…

  • By: Staff
  • December 12, 2019 November 12, 2020
  • 15:30
Caisse participating in financing round for Quebec payment-tech provider

Caisse participating in financing round for Quebec payment-tech provider

The Caisse de dépôt et placement du Québec is taking part in a $358-million round of equity financing by Montreal-based Nuvei, a global payment-technology provider. Nuvei offers omni-channel,…

  • By: Staff
  • December 12, 2019 November 12, 2020
  • 15:00
New Indigenous Women’s Healing Centre collective agreement includes paid days off

New Indigenous Women’s Healing Centre collective agreement includes paid days off

Employees at the Indigenous Women’s Healing Centre in Winnipeg who are members of the Canadian Union of Public Employees Local 2348 have ratified their first collective…

  • By: Staff
  • December 12, 2019 November 12, 2020
  • 15:00

OECD urging countries to strengthen pension systems: report

The Organisation for Economic Co-operation and Development is urging governments around the world to urgently reform their pension systems to ensure employees in temporary or part-time employment can…

  • By: Staff
  • December 12, 2019 December 1, 2022
  • 09:00
OMERS Ventures hires former Uber executive as London managing partner

OMERS Ventures hires former Uber executive as London managing partner

OMERS Ventures, the venture capital investing arm of the Ontario Municipal Employees Retirement System, has hired former Uber Technologies Inc. executive Jambu Palaniappan to join…

  • By: Staff
  • December 12, 2019 November 12, 2020
  • 08:45
Green Shield Canada, Maple partner on telemedicine access

Green Shield Canada, Maple partner on telemedicine access

Green Shield Canada is teaming up with virtual health-care provider Maple to offer telemedicine to its plan members. The partnership aims to reduce employee absences and…

  • By: Staff
  • December 11, 2019 November 12, 2020
  • 15:00