Latest news in Benefits Canada News

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Ontario court sides with IBM in pension benefits rectification case

An Ontario Superior Court ruling that allowed IBM Canada Ltd. to retrospectively rectify drafting errors that created unintended additional pension benefits for employees on disability…

Diabetes medications remain leading drug category for eligible claims in 2023: report

In 2023, diabetes medications remained the leading drug category for eligible private insurance claims for the second consecutive year, according to Telus Health’s annual drug…

  • By: Staff
  • April 24, 2024 April 23, 2024
  • 09:00
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WISE Trust returns 7.9% in 2023, net assets increase to $4 billion

The Workplace Insurance and Safety Employees Trust generated a net return of 7.9 per cent in 2023, with net assets reaching $4 billion, up from…

  • By: Staff
  • April 23, 2024 April 23, 2024
  • 15:00
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43% of U.S. workers would rather get a divorce than return to office: survey

Two-fifths (43 per cent) of U.S. employees say they’re more afraid of working in an office full time than of losing their romantic relationship or…

  • By: Staff
  • April 23, 2024 April 23, 2024
  • 15:00

Expert panel: How institutional investors are adapting to a post-pandemic global economy

Renowned American businessman and investor Charlie Munger once said, “You have to keep learning if you want to become a great investor. When the world…

Average funded ratio of Canadian DB pension plans up 7% in Q1 2024: report

The funded ratio of the average Canadian defined benefit pension plan, excluding the effect of asset smoothing, reached 124 per cent as at March 31,…

  • By: Staff
  • April 23, 2024 April 22, 2024
  • 09:00
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AIMCo returns 6.9% in 2023, driven by equities, fixed income

The Alberta Investment Management Corp.’s total fund generated a net return of 6.9 per cent in 2023, 1.8 percentage points below its 8.7 per cent benchmark.…

  • By: Staff
  • April 22, 2024 April 23, 2024
  • 15:00

69% of U.S. employees say they’d be happier if they had deeper connections with co-workers: survey

More than two-thirds (69 per cent) of U.S. employees say they’d be happier if they had deeper connections with work colleagues, according to a survey…

  • By: Staff
  • April 22, 2024 April 19, 2024
  • 09:00

Ontario Teachers’ considers selling seniors’ residence operator, Ivanhoé Cambridge forms Australian student housing joint venture

The Ontario Teachers’ Pension Plan is considering selling Amica Senior Lifestyles in a deal that could be worth $5 billion, according to report by Bloomberg. The…

  • By: Staff
  • April 19, 2024 April 18, 2024
  • 15:00
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Unifor withdraws application to represent workers at two Vancouver-area Amazon facilities

Unifor is temporarily withdrawing its applications to represent workers at two Vancouver-area Amazon facilities, accusing the e-commerce giant of providing a “suspiciously high” employee count.…

  • By: Staff
  • April 19, 2024 April 19, 2024
  • 15:00
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Meridian focusing on flexibility, mentorship to promote gender equity, female leadership

Meridian Credit Union is focusing on flexibility and mentorship to promote gender equity and female leadership in the historically male-dominated financial industry. According to the…

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

A story on how Organon Canada is supporting women employees at every stage of their career was the most-read story on BenefitsCanada.com. Here are the top…

  • By: Staff
  • April 19, 2024 April 18, 2024
  • 09:00

70% of employers say it’s impossible to offer all benefits demanded by employees: survey

While employers recognize employee benefits are an important part of attracting and retaining talent, seven in 10 (70 per cent) say it’s impossible to offer…

  • By: Staff
  • April 19, 2024 May 3, 2024
  • 09:00

Survey finds 74% of Canadians aged 24 to 44 view conventional retirement approach as outdated

Three-quarters (74 per cent) of Canadians aged 24 to 44 say the conventional approach to retirement — halting work at age 65 to enjoy a…

  • By: Staff
  • April 18, 2024 April 18, 2024
  • 15:00
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CAAT returns 9.5% for 2023, led by global, emerging market equities

The Colleges of Applied Arts and Technology pension plan saw a net return of 9.5 per cent for 2023, with net assets of $20.1 billion,…

  • By: Staff
  • April 18, 2024 April 18, 2024
  • 09:30

PSAC files policy grievance regarding transfer of PSHCP, impacts on plan members

The Public Service Alliance of Canada recently filed a policy grievance against the Treasury Board for its management of the transfer of the Public Service…

Unifor applies to represent two Amazon fulfilment centres in Metro Vancouver

Unifor has filed two applications with the B.C. Labour Relations Board to represent Amazon.com Inc. workers in New Westminster and Delta, B.C. “Workers at Amazon are seeking…

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Feds seeking to boost domestic investments by Canadian institutional investors: budget

In its 2024 budget on Tuesday, the federal government announced a new working group dedicated to encouraging increased domestic investments by Canadian institutional investors. Former…

  • By: Staff
  • April 17, 2024 April 16, 2024
  • 09:00
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FSRA focusing on target-benefit framework for MEPPs, sustainability of PBGF in 2024-25 annual plan

In its 2024-25 annual plan, the Financial Services Regulatory Authority of Ontario is focusing on assessing and mitigating systemic and high-priority risks in the province’s…

  • By: Staff
  • April 17, 2024 April 16, 2024
  • 09:00
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41% of pet owners willing to take a pay cut to work in a pet-friendly environment: survey

Two-fifths (41 per cent) of pet owners say they’d be willing to take a pay cut in order to work in a pet-friendly environment, according…

  • By: Staff
  • April 16, 2024 April 16, 2024
  • 15:00
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Demand for data centres rising as institutional investors seek to diversify real estate portfolios: expert

Data centres are becoming an important asset for institutional investors seeking to diversify their real estate portfolios. The data centre asset class was valued at…

Organon launching initiative to support women’s career, health journey in the workplace

Organon Canada’s ‘HER Professional Journey’ initiative is addressing women’s unique health experiences, including fertility, parental leave and menopause, so they can feel supported and empowered…

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Caisse reports more than $53 billion in low-carbon assets

The Caisse de dépôt et placement du Québec is reporting $53 billion in low-carbon assets, including $15 billion in Quebec, representing an overall increase of…

  • By: Staff
  • April 16, 2024 April 16, 2024
  • 09:00

CPPIB expands role of global offshore wind platform

The Canada Pension Plan Investment Board is expanding the role of its wholly owned subsidiary Reventus Power as its dedicated global offshore wind platform. The…

  • By: Staff
  • April 15, 2024 April 12, 2024
  • 15:00

Survey finds 38% of Canadian employees say they spend too much time working

Two-fifths (38 per cent) of Canadian employees say they spend too much time working and half (52 per cent) of these respondents say they work…

  • By: Staff
  • April 15, 2024 April 12, 2024
  • 09:00