Latest news in Benefits Canada News

Copyright_sinenkiy_123RF

Communication, benefits key to supporting employees in sectors hit by U.S. trade war

Canadian employers in sectors that have been hardest hit by the U.S. trade war can support employees’ mental and financial wellness by communicating clearly about…

Top 5 HR, benefits, pension and investment stories of the week

An article on the Association of Canadian Pension Management’s call for modernized pension legislation in Alberta was the most-read story on BenefitsCanada.com this past week.…

  • By: Staff
  • May 30, 2025 May 29, 2025
  • 09:00
Copyright_alekstaurus_123RF

Saskatchewan legislation updates policies around interpersonal violence leave, sick notes

The Saskatchewan government has passed several amendments to the provincial Employment Act that will impact employers’ leave policies. The amendments include the creation of a…

  • By: Staff
  • May 30, 2025 May 28, 2025
  • 09:00
123rf.com_wklzzz

PSP Investments, Bell partnership exemplifying pursuit of Canadian growth ambitions

A new partnership between the Public Sector Pension Investment Board and BCE Inc. was built out of an ongoing dialogue and a desire to support…

Copyright_vapi_123RF

Caisse acquires Antylia Scientific in US$1.3BN deal, OMERS sells portion of stake in Australian electricity firm

The Caisse de dépôt et placement du Québec is completing an acquisition deal for Antylia Scientific worth nearly US$1.3 billion. The deal is being completed…

  • By: Staff
  • May 29, 2025 May 28, 2025
  • 11:00

HBC employees losing post-retirement benefits, keeping DB pension benefits amid closure

More than 8,300 workers will have lost their job and some benefits by the time Hudson’s Bay Co. closes all of its stores at the…

82938017-123RF

SPP relying on diverse asset mix to withstand current economic uncertainty

The Saskatchewan Pension Plan is reassuring plan members its asset mix is designed to withstand shifts stemming from global disruptions and economic uncertainty. In a…

  • By: Staff
  • May 28, 2025 May 28, 2025
  • 15:00

What are the considerations for employers introducing AI in a unionized workplace?

In the unionized workplace, the implementation of artificial intelligence isn’t just a management decision — it’s also a bargaining issue. “Just don’t assume you can…

ACPM urging Alberta government to align pension funding, administration rules with other provinces

The Association of Canadian Pension Management is calling on the Alberta government to modernize its provincial pension legislation and align its laws with other Canadian…

  • By: Staff
  • May 27, 2025 May 27, 2025
  • 11:00

CPPIB drops 2050 net-zero goal, climate critic says commitments aren’t optional

The Canada Pension Plan Investment Board is facing criticism for backing out of a commitment to achieve net-zero emissions by 2050. Following the release of…

Copyright_gajus_123RF

How employers can design effective financial wellness programs

For employers that are designing a financial wellness program, it’s important to provide a user-friendly, educational, and flexible offering that reflects the diversity of employees’…

Copyright_fizkes_123RF

93% of employers maintaining or expanding well-being programs in 2025: survey

Nine in 10 (93 per cent) of global employers say they’ll maintain or expand their well-being offerings in 2025, according to a new survey by…

  • By: Staff
  • May 27, 2025 May 26, 2025
  • 09:00

Yellow Pages de-risks $210 million in DB pension plan obligations

Yellow Pages Ltd. is transferring $210 million in defined benefit pension liabilities through a group annuity contract with BMO Insurance. According to a press release,…

  • By: Staff
  • May 26, 2025 May 23, 2025
  • 15:00
Copyright_efetova_123RF

CAA Club Group’s 2024 Workplace Benefits Awards win reinforcing holistic wellness strategy

CAA Club Group’s win in Benefits Canada’s 2024 Workplace Benefits Awards is reinforcing the company’s efforts to provide a comprehensive wellness program to its employees,…

Copyright_ fizkes_123RF

Employees with personalized benefits more likely to believe employer cares about health, well-being: survey

Roughly eight in 10 (78 per cent) employees who can personalize their benefits package to meet their needs say their employer cares about their health…

  • By: Staff
  • May 26, 2025 May 23, 2025
  • 09:00
Copyright_mikkiorso_123RF

U.S. meatpacking workers win back DB pension plan in new union contract

U.S. meatpacking workers are getting their first new defined benefit pension plan in nearly 40 years under a contract agreement between Brazil-based JBS, one of…

Copyright_olegback_123RF

Top 5 HR, benefits, pension and investment stories of the week

An article on how employers are supporting working parents and caregivers was the most-read story on BenefitsCanada.com this past week. Here are the top five…

  • By: Staff
  • May 23, 2025 May 22, 2025
  • 09:00
Copyright_jirsak_123RF

Pay transparency supports employers’ attraction, retention strategies, employee equity: expert

While pay transparency requirements differ across Canada, there are several best practices for employers to ensure equity in the workplace, says Caitlin Hurren, legal counsel…

Copyright_fizkes_123RF

North American employers prioritizing employee productivity, benefits costs in 2025: report

Three-quarters (75 per cent) of Canadian employers and two-thirds (66 per cent) of U.S. employers say they plan to link compensation directly to performance outcomes,…

  • By: Staff
  • May 23, 2025 May 22, 2025
  • 09:00
Copyright_john6863373 _123RF

Canadian DB pension plan sponsors spending US$165 in per-member administration costs: report

Canadian defined benefit pension plan sponsors have an average per-member administration cost of US$165, according to a new report by CEM Benchmarking Inc. The report,…

  • By: Staff
  • May 22, 2025 May 21, 2025
  • 11:00

Climate action group advising Canadian companies on transition plans

A new climate initiative is advising Canadian companies on how to develop effective climate transition plans as part of a larger effort to support a…

58% of Ontario workers say retirement planning includes considering physical, mental health: survey

More than half (58 per cent) of Ontario employees say retirement planning should go beyond financial wellness and encompass physical and mental health and social…

  • By: Staff
  • May 22, 2025 May 21, 2025
  • 09:00
Copyright_andranik2018_123RF

CPPIB returns 9.3% in latest fiscal year

The Canada Pension Plan Investment Board says it earned a net return of 9.3 per cent for its latest fiscal year. The board says the…

How employers can support employee health amid current measles outbreak

As cases of measles continue to climb across Canada, employers can support employee health and productivity by educating workers on vaccines and encouraging them to…

OPB appointing Andrew Tambone as CIO

The Ontario Pension Board is appointing Andrew Tambone as chief investment officer. In the role, Tambone will be responsible for overseeing the OPB’s relationship with…

  • By: Staff
  • May 21, 2025 May 20, 2025
  • 09:00