Latest news in Benefits Canada News

Employees suing Yale over fines for not participating in wellness program

Employees suing Yale over fines for not participating in wellness program

The American Association of Retired Persons Foundation and the law firm Garrison, Levin-Epstein, Fitzgerald and Pirrotti have filed a class-action lawsuit on behalf of Yale…

Employees want help with pension, retirement planning: survey

Employees want help with pension, retirement planning: survey

Globally, the majority (85 per cent) of employees want help with their pension and retirement planning, according to a new survey by Accenture. The report,…

  • By: Staff
  • July 19, 2019 November 12, 2020
  • 08:30

Canadian boomers concerned about retirement savings: survey

Canadian boomers age 50 and up are concerned they haven’t saved enough for retirement, according to a new survey by the Royal Bank of Canada. It found the savings…

  • By: Staff
  • July 18, 2019 May 30, 2022
  • 16:01
Caisse, partner adding $200 million to McInnis Cement refinancing

Caisse, partner adding $200 million to McInnis Cement refinancing

The Caisse de dépôt et placement du Québec and Beaudier Inc. are among a group providing $500 million in private capital refinancing to Quebec-based McInnis Cement.…

  • By: Staff
  • July 18, 2019 November 12, 2020
  • 15:00
Geopolitics becoming a primary market driver for institutional investors

Geopolitics becoming a primary market driver for institutional investors

Global protectionism appears to be here for the long game. While investors may not want to start playing defence just yet, it might be time…

Half of companies in carbon-intensive sectors aren’t considering climate risk: report

Half of companies in carbon-intensive sectors aren’t considering climate risk: report

Nearly half (46 per cent) of the world’s highest-emitting publicly listed companies aren’t adequately considering climate risk in their operational decision-making, according to a new…

  • By: Staff
  • July 18, 2019 November 12, 2020
  • 08:30
Workplaces key sites for mental-health promotion, finds UBC study

Workplaces key sites for mental-health promotion, finds UBC study

A growing body of international evidence indicates education, prevention efforts and early intervention are critical to people’s mental health, according to a new study at the University…

Caregiver benefits for parents of ill children misunderstood, says federal review

Caregiver benefits for parents of ill children misunderstood, says federal review

An evaluation of a federal benefit to help parents take time off work to care for critically ill children says fewer people have used it…

Employers extending parental leave to new, part-time staff

Employers extending parental leave to new, part-time staff

About two-thirds (65 per cent) of U.S. employers are now offering parental leave for employees who’ve worked at their organizations for less than a year,…

  • By: Staff
  • July 17, 2019 November 12, 2020
  • 09:15
Saskatchewan school support workers could strike over unused sick leave retirement benefits

Saskatchewan school support workers could strike over unused sick leave retirement benefits

Support staff for the Prairie South School Division in Moose Jaw, Sask. have voted overwhelmingly in favour of job action, up to a full withdrawal of services, when the…

Plan sponsors using generic substitution, co-payments to curb drug plan costs: report

Plan sponsors using generic substitution, co-payments to curb drug plan costs: report

Plan sponsors are increasingly adopting plan design tools to manage their drug plan costs, according to Telus Health’s annual drug trends report. It found private…

Majority of staff value personalization in group benefits plans

Majority of staff value personalization in group benefits plans

The majority (80 per cent) of working Canadians reported their overall well-being would improve if their employer offered a personalized wellness program customized to their…

  • By: Staff
  • July 16, 2019 November 12, 2020
  • 09:00
U.S. plan sponsors taking proactive steps to boost member retirement success: survey

U.S. plan sponsors taking proactive steps to boost member retirement success: survey

A disconnect exists between defined contribution plan sponsors’ intentions and actions when it comes to helping employees with financial wellness, according to a new survey…

  • By: Staff
  • July 16, 2019 November 30, 2020
  • 08:45
What investment risks remain as the cannabis market grows?

What investment risks remain as the cannabis market grows?

With the legalization of recreational cannabis in Canada and a patchwork of regulations governing its use in various states in the U.S., the sector’s influence…

  • By: Staff
  • July 15, 2019 November 12, 2020
  • 15:00
Is sex addiction a disability employers must accommodate?

Is sex addiction a disability employers must accommodate?

A Nova Scotia arbitrator has ruled that sex addiction isn’t a disability that employers must accommodate, especially where the condition doesn’t affect the employee’s ability…

Increased odds of cardiovascular disease among workers in negative environments: study

Increased odds of cardiovascular disease among workers in negative environments: study

People who work in negative environments have an increased chance of developing cardiovascular disease, according to a new study published in the Journal of Environmental Research…

Amazon, seeking more skilled workers, will offer free training

Amazon.com Inc., needing a more tech-savvy workforce, is offering to pay to retrain its employees and help them switch to more technical jobs at Amazon…

CUSMA’s data protection proposals for biologics could raise costs for private plans: PBO

CUSMA’s data protection proposals for biologics could raise costs for private plans: PBO

If the Canada-United States-Mexico trade agreement goes through it could have a significant impact on the cost of private drug plans. Currently on hold until…

Sounding Board: Factoring CPP, inflation in retirement plan design

Sounding Board: Factoring CPP, inflation in retirement plan design

Inflation must be taken into account when designing both plan sponsor and government retirement programs because, over time, it will undermine purchasing power. In terms…

  • July 12, 2019 November 30, 2020
  • 09:00
Mercer, Wealthsimple launch online savings, investment tool

Mercer, Wealthsimple launch online savings, investment tool

Mercer and Wealthsimple Inc. are teaming up to create a digital saving and investing platform for Canadian employees. Mercer Invest Wise, which is a voluntary savings tool,…

Toronto hospital dismisses 150 staff for alleged benefits fraud

Toronto hospital dismisses 150 staff for alleged benefits fraud

About 150 employees at Baycrest Health Sciences have been dismissed for benefits fraud. Last year, in the course of establishing an approved provider network for its…

  • By: Staff
  • July 11, 2019 November 12, 2020
  • 10:00
CAP webinar highlights plan member understanding of decumulation

CAP webinar highlights plan member understanding of decumulation

The majority of Canadian capital accumulation plan members said they’re confident in their understanding of how to optimize their income in retirement, according to Benefits Canada‘s 2019 CAP Member…

  • By: Staff
  • July 11, 2019 November 30, 2020
  • 09:00
Canopy Growth, CMHA partnership to develop education on cannabis in the workplace

Canopy Growth, CMHA partnership to develop education on cannabis in the workplace

Spectrum Therapeutics, the medical division of Canopy Growth Corp., is partnering with the Canadian Mental Health Association to develop an educational content module related to…

  • By: Staff
  • July 10, 2019 November 12, 2020
  • 15:10
Pension, health-care reform required as elderly population grows across the Americas

Pension, health-care reform required as elderly population grows across the Americas

Population aging is taking place throughout the Americas, with the elderly expected to grow faster than the overall population between 2018 and 2025, according to…

OMERS investing in agri-food venture capital fund

OMERS investing in agri-food venture capital fund

The Ontario Municipal Employees Retirement System, alongside the Bank of Montreal, is committing $33 million in funding to District Ventures Capital. Founded by financier Arlene Dickinson, the fund…

  • By: Staff
  • July 10, 2019 November 12, 2020
  • 15:00