Latest news in Benefits Canada News

Alberta court rules against double-dipping in disability payments, lost wages

An Alberta court has ruled that employees receiving disability payments during the reasonable notice period can’t “double-dip” by receiving payments for lost wages. “The decision…

Canadian health benefits costs expected to grow 6% in 2020: report

Canadian health benefits costs expected to grow 6% in 2020: report

The cost of employer-provided health benefits in Canada is forecasted to rise six per cent in 2020, outpacing general inflation by 1.9 per cent, according to a…

  • By: Staff
  • September 16, 2019 November 12, 2020
  • 09:00
Caisse invests in Element AI’s $200-million Series B round

Caisse invests in Element AI’s $200-million Series B round

The Caisse de dépôt et placement du Québec is one of several investors participating in Element AI’s $200-million Series B funding round,. The Montreal-based company, founded by…

  • By: Staff
  • September 13, 2019 November 12, 2020
  • 16:00
Workplace inclusivity starts with acknowledging systemic racism: report

Most investors support climate disclosure, board diversity, finds ISS

Climate risk disclosure and gender diversity on corporate boards are key issues attracting majority support from institutional investors, according to a new survey by proxy advisory…

A practical look at responsible investing at Ontario Teachers’

A practical look at responsible investing at Ontario Teachers’

As environmental, social and governance issues are increasingly recognized as material factors when considering investments and amid growing stakeholder pressure, many options are available for…

Regular exercise leads to better mental-health outcomes: study

Regular exercise leads to better mental-health outcomes: study

Regular exercise does in fact reduce people’s mental-health burden, according to a study published in The Lancet Psychiatry. The study examined the relationship between exercise…

  • By: Staff
  • September 13, 2019 November 12, 2020
  • 09:45
80% of employees want financial education at work: survey

80% of employees want financial education at work: survey

While 80 per cent of employees said they want some type of financial education in the workplace, just 58 per cent of employers said they…

  • By: Staff
  • September 13, 2019 November 11, 2020
  • 09:19
Employer pension plans’ assets hits $1.97 trillion: Stats Can

Employer pension plans’ assets hits $1.97 trillion: Stats Can

The market value of assets held by Canadian trusteed pension plans hit $1.97 trillion in the first quarter of 2019, an increase of five per…

  • By: Staff
  • September 13, 2019 November 12, 2020
  • 09:18
Editorial

Editorial: Making space for a room of one’s own

At the risk of cementing my reputation as an unapologetic literary nerd (I opened my last editorial with a George Bernard Shaw quote), I’ve always…

Head to head: In workplace wellness programs, is it better to use the carrot or the stick?

While employer-provided wellness programs can include incentives or penalties for members, the industry is divided on which tactic is most effective in encouraging employee participation.…

How De Beers Canada used its EAP to prepare workforce for mine closure

How De Beers Canada used its EAP to prepare workforce for mine closure

In October 2017, De Beers Canada senior management flew to the company’s remote Victor diamond mine near Attawapiskat, Ont., to tell its employees some tough…

  • By: Kelsey Rolfe
  • September 13, 2019 December 11, 2020
  • 08:57
Women in Canada’s benefits, pension and investment industries talk career, workplace attire and family

Women in Canada’s benefits, pension and investment industries talk career, workplace attire and family

Since Grace Palombo joined Great-West Lifeco Inc. five years ago, she’s seen a shift at the company. Back then, in her role as executive vice-president…

  • By: Kelsey Rolfe
  • September 13, 2019 December 11, 2020
  • 08:57

A profile of Janice Fukakusa, chair of the Canada Infrastructure Bank

Technically, Janice Fukakusa is retired. However, after more than 30 years at the Royal Bank of Canada, where she rose to the rank of both…

What options are available for de-risking DB pension plans?

What options are available for de-risking DB pension plans?

The 2008 financial crisis is an event that defined benefit plan sponsors won’t soon forget. Roller-coaster markets exposed gaps in their investment strategies, while de-risking…

Which health conditions are impacting benefits plans?

Which health conditions are impacting benefits plans?

The Health Association of Nova Scotia, which has a number of different employers in its benefits plan, cites rheumatoid arthritis medications as its top drugs…

Newfoundland and Labrador Teachers’ Pension Plan bouncing back under JSPP model

Newfoundland and Labrador Teachers’ Pension Plan bouncing back under JSPP model

Rewind to August 2015. The Newfoundland and Labrador Teachers’ Pension Plan was underfunded on both a solvency and going-concern basis, at 43.7 per cent and…

  • By: Yaelle Gang
  • September 13, 2019 March 6, 2021
  • 08:53
How investors are turning the gender diversity dial on corporate boards

How investors are turning the gender diversity dial on corporate boards

In 2017, a group of Canada’s largest institutional investors and asset managers, known as the 30% Club, called for a boost in the representation of…

The case for incorporating automatic features into DC pension plans

As a solution to employee inertia, many plan sponsors with defined contribution arrangements are looking at setting automatic features as their plan’s default option. When…

Why employers should recognize, support and train middle managers

Why employers should recognize, support and train middle managers

Middle managers, as the bridge connecting those at the top of an organization with the wider workforce, are an integral part of how a company…

Q&A with Pethealth’s Nelia Rutledge

Pethealth Inc.’s senior vice-president of HR talks flexible working, mental health and crime fiction. Q. What top challenges do you face in your role? A.…

Telus Communications shares journey moving from DB to DC pensions

Telus Communications shares journey moving from DB to DC pensions

Since Telus Communication Inc.’s journey from defined benefit pension plans to defined contribution  began in 1996, it’s come a long way, but it’s far from over.…

  • By: Yaelle Gang
  • September 12, 2019 November 30, 2020
  • 09:15
Prescription drug costs for Canadian public plans hit $11.4 billion in 2017/18: report

Prescription drug costs for Canadian public plans hit $11.4 billion in 2017/18: report

Prescription drug costs for public drug plans covering most of Canada increased 7.4 per cent in 2017/18 to reach $11.4 billion, according to a new…

  • By: Staff
  • September 12, 2019 November 12, 2020
  • 09:00
Survey finds 28% of Canadian men fear talking about mental health at work

Survey finds 28% of Canadian men fear talking about mental health at work

One in four (28 per cent) Canadian men fear their job could be at risk if they discussed their mental health at work, according to…

  • By: Staff
  • September 11, 2019 November 12, 2020
  • 15:45
Blue Pier retirement plan appointing Brian Mills to board

Blue Pier retirement plan appointing Brian Mills to board

Blue Pier Administration Corp. is appointing Brian Mills to the board of trustees of its retirement plan. “Brian brings to the board a wealth of…

  • By: Staff
  • September 11, 2019 November 11, 2020
  • 15:00
Manulife launches wellness app for Canadian group benefits plan members

Manulife launches wellness app for Canadian group benefits plan members

Manulife Financial Corp. is rolling out its Vitality health and wellness app to all its group benefits plan members after initially launching it with its…

  • By: Kelsey Rolfe
  • September 11, 2019 November 12, 2020
  • 09:00