Latest news in Benefits Canada News

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Pension legislation should balance DB sustainability with pension promise: CIA

Any modifications to federal pension legislation should encourage plan sponsors to continue offering defined benefit pension plans, while helping them fulfil their pension promises to plan members,…

  • By: Jann Lee
  • January 15, 2019 January 12, 2021
  • 10:05

PSP takes majority stake in Australian farm business

The Public Sector Pension Investment Board is taking on a majority stake in B.F.B. Pty Ltd., an Australia-based agricultural business. Currently, BFB has taken on more…

  • By: Staff
  • January 15, 2019 January 12, 2021
  • 10:02
Northwest Territories considering legislated domestic violence leave

Northwest Territories considering legislated domestic violence leave

The Northwest Territories is considering adding domestic violence leave legislation to its Employment Standards Act. “We have not yet determined what a potential domestic violence leave provision…

A third of Canadians not confident about retirement savings goals: survey

A third of Canadians not confident about retirement savings goals: survey

More than a third of Canadians aren’t confident they’ll reach their financial goal for retirement, according to a new survey by the Royal Bank of Canada. The…

  • By: Staff
  • January 14, 2019 September 13, 2019
  • 15:30
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ESG move to mainstream boosts demand for data: report

While there aren’t consistent definitions around the inclusion of environmental, social and governance issues in investing, factoring them into the investment process is now mainstream, which is increasing the…

  • By: Staff
  • January 14, 2019 January 12, 2021
  • 10:48
Majority of Canadians agree on single-payer pharmacare system: report

Majority of Canadians agree on single-payer pharmacare system: report

A majority of Canadians, health-care providers, labour organizations and employers agree a national single-payer system is an idea whose time has come, according to a…

  • By: Staff
  • January 14, 2019 September 13, 2019
  • 10:00
Cannabis boom brings recruitment challenges for employers

Cannabis boom brings recruitment challenges for employers

As the cannabis industry rapidly grows, employers in the sector are feeling overwhelmed with the sheer volume of employees they need to recruit. A network for…

  • By: Jann Lee
  • January 14, 2019 September 13, 2019
  • 09:30
DB pension plans contributing billions to U.S. economy: report

DB pension plans contributing billions to U.S. economy: report

While a defined benefit pension plan’s main goal is to provide steady income for retirees, in doing so they also provide substantial benefits to local, state…

  • By: Staff
  • January 14, 2019 September 13, 2019
  • 09:00
Employer intentions, actions on diversity don’t align: report

Employer intentions, actions on diversity don’t align: report

While Canadian organizations have good intentions around their diversity and inclusion strategies, their investments and actions aren’t always aligned, according to a Conference Board of…

  • By: Staff
  • January 11, 2019 September 13, 2019
  • 09:15
City of York pension plan merging with OMERS

City of York pension plan merging with OMERS

The Corporation of the City of York employee pension plan is merging with the Ontario Municipal Employees Retirement System. The City of York plan is one…

  • By: Staff
  • January 11, 2019 September 13, 2019
  • 09:15
Proposed Ontario childcare rebate could lead to influx of working mothers: report

Proposed Ontario childcare rebate could lead to influx of working mothers: report

The Ontario government’s proposed childcare rebate could spur as many as 112,787 mothers to enter the workforce, resulting in an increase of tax revenues for…

  • By: Jann Lee
  • January 11, 2019 September 13, 2019
  • 09:10
Conference Coverage: 2018 Face to Face Drug Plan Management Forum

Conference Coverage: 2018 Face to Face Drug Plan Management Forum

On Dec. 5, the 2018 Face to Face Drug Plan Management Forum in Toronto highlighted the leading issues for plan sponsors to consider in the…

A look at the benefits of patient support programs for plan members, sponsors

A look at the benefits of patient support programs for plan members, sponsors

With patient support programs providing a number of benefits for private plan stakeholders, ongoing digitization is likely to allow even greater connectivity and personalization for patients,…

Employer, private payer considerations around medical cannabis coverage

Employer, private payer considerations around medical cannabis coverage

As plan sponsors and private payers begin integrating medical cannabis coverage into benefits plans, it’s crucial they account for the dynamic nature of the industry and remain…

Opportunities around drug coverage for traditional ‘lifestyle’ issues

Opportunities around drug coverage for traditional ‘lifestyle’ issues

Although certain drug categories have always been considered optional in benefits plans, this may be an opportune time to look at modernizing coverage in a…

Panel addresses pros and cons of pharmacogenetic testing

Panel addresses pros and cons of pharmacogenetic testing

Pharmacogenetic testing can produce significant results for plan members, but it isn’t appropriate for everyone and should never be looked at in isolation, according to…

How CADA’s plan design changes affected drug plan sustainability

How CADA’s plan design changes affected drug plan sustainability

Even for a complex benefits plan, it’s possible to make changes that have a notable impact on drug sustainability, according to one plan sponsor. The…

Hamilton Health Sciences takes part in mental-health pilot project

Hamilton Health Sciences takes part in mental-health pilot project

Hamilton Health Sciences was one of 26 Canadian organizations that participated in a two-year mental-health pilot project that wrapped up in 2018. Developed by Mindful…

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Sustainalytics acquiring European institutional investor engagement firm

Sustainalytics, a research, ratings and analytics firm focusing on environmental, social and governance issues, is acquiring GES International, a provider of engagement, screening and fiduciary voting…

  • By: Staff
  • January 9, 2019 January 12, 2021
  • 15:45
Shifting work hours pushing fast food workers into precarious employment

Shifting work hours pushing fast food workers into precarious employment

Madeleine Miller started working part time at a Kanata, Ont., Tim Hortons as soon as she turned 15. She found her work schedule erratic. She’d…

Mercer appoints Calgary wealth business leader

Mercer appoints Calgary wealth business leader

Mercer Canada has appointed Carole Field as wealth business leader in Calgary. In the new role, she will focus on identifying and executing improvements to pension and…

  • By: Staff
  • January 9, 2019 September 13, 2019
  • 15:20

Caisse invests in security guard software company

The Caisse de dépôt et placement du Québec, alongside equity firm Georgian Partners, is investing $45 million in Montreal-based technology startup TrackTik Software Inc. TrackTik, which…

  • By: Staff
  • January 9, 2019 January 12, 2021
  • 10:11
Germany, Bahrain and U.K. ranked best countries for expat workers: survey

Germany, Bahrain and U.K. ranked best countries for expat workers: survey

Canada is the 10th best country for expatriate employees, with Germany, Bahrain and the U.K. taking the top three spots, according to a new survey by HSBC Bank.…

  • By: Staff
  • January 9, 2019 September 13, 2019
  • 10:04
Sounding Board: Industry still neutral on CLHIA’s proposed G19 regime

Sounding Board: Industry still neutral on CLHIA’s proposed G19 regime

The Canadian Life and Health Insurance Association is to be commended on its proactivity in proposing a new guideline for compensation disclosure in group benefits and group…

Sears Canada pensioners going after 2013 dividend paid to shareholders

Sears Canada pensioners going after 2013 dividend paid to shareholders

Three lawsuits were filed in December by the parties seeking the best possible outcome for former Sears Canada Inc. employees with regard to the funding deficit of their defined…

  • By: Staff
  • January 8, 2019 September 13, 2019
  • 10:59