Latest news in Benefits Canada News

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U.S. health benefits costs rising to nearly 8% in 2025: survey

U.S. employers’ health benefits costs are expected to increase to nearly eight per cent for 2025, the highest amount in more than a decade, according…

  • By: Staff
  • August 28, 2024 August 28, 2024
  • 15:00

Ontario’s target-benefit framework too prescriptive, could lead to increased plan costs: ACPM

Ontario’s proposed regulatory framework for target-benefit pension plans includes requirements that are more prescriptive than other jurisdictions and could result in additional costs and reduced…

  • By: Staff
  • August 28, 2024 August 27, 2024
  • 15:00
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AIMCo returns 5.4% in first half of 2024, driven by public equities

The Alberta Investment Management Corp. is reporting a net return of 5.4 per cent for the first half of 2024. During the six-month period ending…

  • By: Staff
  • August 28, 2024 August 28, 2024
  • 15:00

How employers can support employees experiencing pregnancy loss

Despite the prevalence of pregnancy loss, many employers still don’t have a plan in place that adequately supports employees experiencing this type of loss, says…

Half of U.S. employees considering looking for new job if employer reduces flexibility: survey

Half (50 per cent) of U.S. employees say they’d consider looking for a new job if their employer reduced remote and hybrid work flexibility, a…

  • By: Staff
  • August 27, 2024 August 26, 2024
  • 15:00

Citigroup enhancing parental leave, introducing caregiver leave for U.S., Puerto Rico employees

Citigroup Inc. is enhancing its parental leave and introducing a new caregiver leave for employees in the U.S. and Puerto Rico. The financial services company…

  • By: Staff
  • August 27, 2024 August 27, 2024
  • 09:00

U.K. looking to Canada’s Maple 8 for inspiration in public pension reform: report

U.K. Chancellor Rachel Reeves met with some of Canada’s biggest public sector pension plans this month, as the country looks to reform its public pension…

  • By: Staff
  • August 26, 2024 August 26, 2024
  • 15:00

U.S. employers projecting health benefits cost increase of 8% for 2025: survey

U.S. employers are projecting health benefits costs to increase by eight per cent for 2025, up from seven per cent in 2023, according to a…

  • By: Staff
  • August 26, 2024 August 23, 2024
  • 09:00

Caisse invests $35M in energy transition fund, AIMCo buys Australian rural portfolio

The Caisse de dépôt et placement du Québec is investing $35 million in a new energy transition fund from Quebec-based equity firm MacKinnon Bennett &…

  • By: Staff
  • August 23, 2024 September 4, 2024
  • 15:00
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Argentine Senate passes pension spending increase in a blow to President Milei’s radical austerity

Argentina’s Senate defied President Javier Milei to push through an increase to pension spending that would cost at least 0.4 per cent of the country’s…

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

An article on how the concept of merit, excellence and intelligence can thwart employers’ diversity, equity and inclusion efforts was the most-read story on BenefitsCanada.com…

  • By: Staff
  • August 23, 2024 August 22, 2024
  • 09:00

95% of workers see value in learning generative AI tools, despite job security concerns: report

While the vast majority (95 per cent) of workers said they appreciate the value of learning to use generative artificial intelligence tools, they’re unsure their…

  • By: Staff
  • August 23, 2024 August 22, 2024
  • 09:00

20% of U.S. workers aren’t currently saving for retirement: survey

A fifth (20 per cent) of U.S. workers aren’t currently saving for retirement, according to a new survey by Flexjobs. The survey, which polled more…

  • By: Staff
  • August 23, 2024 August 22, 2024
  • 09:00

PSP Investments’ Eduard van Gelderen stepping down from SVP, CIO role

Eduard van Gelderen, the Public Sector Pension Investment Board’s senior vice-president and chief investment officer, is stepping down after six years with the organization. Effective…

  • By: Staff
  • August 22, 2024 September 4, 2024
  • 15:00
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Survey finds U.S. employees’ average retirement savings decreases in 2024

The average amount that U.S. adults have saved for retirement dropped slightly from US$89,300 in 2023 to $88,400 in 2024 and more than $10,000 from its…

  • By: Staff
  • August 22, 2024 August 21, 2024
  • 09:00

Canadian pension funds recognized for governance, sustainability practices: report

Four of Canada’s largest pension funds have been ranked among the top 10 global pension funds for demonstrating best practices in governance, sustainability and resilience,…

  • By: Staff
  • August 21, 2024 August 21, 2024
  • 15:00

Concept of ‘MEI’ taking away from employers’ DEI efforts: expert

The concept of merit, excellence and intelligence — which is gaining traction in certain industries — can detract from the critical efforts employers are making…

CPPIB appointing Caitlin Gubbels as global head of private equity

The Canada Pension Plan Investment Board is appointing Caitlin Gubbels as senior managing director and global head of private equity. In this role, she’ll lead…

  • By: Staff
  • August 20, 2024 August 20, 2024
  • 15:00

CPPIB returns 8% in latest fiscal year, net assets increase to $632BN

The Canada Pension Plan Investment Board reported an eight per cent return in its fiscal year ending March 31, but significantly underperformed the 19.9 per cent…

Ontario Teachers’ appointing Mabel Wong as CFO

The Ontario Teachers’ Pension Plan is appointing Mabel Wong as its chief financial officer, effective immediately. She officially enters the role after serving as acting CFO following…

  • By: Staff
  • August 19, 2024 August 19, 2024
  • 15:00
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OMERS returns 4.4% for first half of 2024

The Ontario Municipal Employees’ Retirement System earned a net investment return of 4.4 per cent for the first six months of this year, helped by…

Employers gaining upper hand when negotiating pay, benefits with unions: expert

Over the past year, union negotiations have ramped up and wage settlements have reached new heights, mainly due to the fact that negotiations were set…

  • By: Sadie Janes
  • August 19, 2024 September 26, 2024
  • 09:00
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CPPIB invests $1.2BN in energy operator, considers €300M sale of debt portfolio in Spain

The Canada Pension Plan Investment Board is investing approximately $1.2 billion in energy infrastructure firm Tallgrass Energy. The Denver-based company manages more than 10,000 miles…

  • By: Staff
  • August 16, 2024 August 16, 2024
  • 14:00
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Top 5 HR, benefits, pension and investment stories of the week

An article on why Canadian workers say job flexibility is key to satisfaction was the most-read story on BenefitsCanada.com this past week. Here are the…

  • By: Staff
  • August 16, 2024 August 15, 2024
  • 09:00

Caisse returns 4.2% in first half of 2024, underperforming benchmark

The Caisse de dépôt et placement du Québec returned 4.2 per cent in the first half of 2024, underperforming its benchmark of 4.6 per cent.…

  • By: Staff
  • August 16, 2024 August 15, 2024
  • 09:00