Latest news in Benefits Canada News

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What do Ontario employers need to know ahead of new pay transparency legislation?

Before new pay transparency legislation takes effect in Ontario, it’s important for employers to ensure their current compensation structure is in order, says Dominic Girard, a senior…

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55% of Canadians were covered under employer-sponsored drug plans in 2019: report

More than half (55 per cent) of Canadians were covered under employer-sponsored drug plans in 2019, while roughly a third were covered under government-sponsored plans (21…

  • By: Staff
  • January 12, 2024 January 11, 2024
  • 09:00
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Majority of Indigenous IT workers have experienced workplace discrimination: survey

More than half of Indigenous Canadians working in the information technology sector say they’ve experienced discrimination at their current workplace (59 per cent) and have…

  • By: Staff
  • January 11, 2024 January 11, 2024
  • 15:00
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Caisse invests US$100M in U.S. subscription commerce platform, backs supply chain solutions acquisition

The Caisse de dépôt et placement du Québec is investing US$100 million in subscription commerce platform company AppDirect. This marks the second investment from the…

  • By: Staff
  • January 11, 2024 January 10, 2024
  • 11:00
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Pension plan sponsors more vigilant of cybersecurity risks when dealing with third-party vendors: expert

Data management and transference is a key area of risk for pension plan sponsors as the vulnerability of engaging with third parties creates opportunities for…

Labour shortages, employee retention among SMEs’ top business concerns for 2024: survey

More than two-fifths of small- and medium-sized employers say labour shortages (46 per cent) and employee retention (42 per cent) are among their top business…

  • By: Staff
  • January 11, 2024 January 10, 2024
  • 09:00

3M freezing U.S. DB pension plans for non-union employees by end of 2028

3M will freeze its U.S. defined benefit pension plans for non-union U.S. employees, effective Dec. 31, 2028, and move plan members to a 401(k) plan structure. Eligible…

  • By: Staff
  • January 10, 2024 January 10, 2024
  • 15:00
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Employers increasingly aware of lifetime pension pools, but more work to be done: report

While there’s more work to be done before lifetime pension pools are widely implemented in North America, employers are increasingly aware of concepts such as…

  • By: Blake Wolfe
  • January 10, 2024 January 8, 2024
  • 09:00

My Take: DEI in the workplace begins with re-thinking recruitment processes

Achieving a diverse, equitable and inclusive workplace requires a multi-pronged approach that ensures inclusion is embedded into business practices, beginning with traditional recruitment practices. After…

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Canada’s 100 highest-paid CEOs earned 246-times more than average employee in 2022: report

Canada’s 100 highest-paid chief executive officers — who are overwhelmingly male — were paid an average of $14.9 million in 2022, 246-times more than the…

  • By: Staff
  • January 9, 2024 January 9, 2024
  • 15:00

AI holds uncapped potential for pension plan sponsors’ administration, communications: expert

While pension plan sponsors are still in the early days of exploring how artificial intelligence solutions could help automate maintenance tasks, they’re exploring the various…

Highest-cost drugs reimbursed by Canadian public plans in 2021/22 were rare disease treatments: report

The 10 highest-cost drugs reimbursed by public drug plans in Canada in the 2021/22 fiscal year were all rare disease treatments with annual treatment costs…

84% of Canadian job seekers value work-life balance over climbing corporate ladder: survey

A majority (84 per cent) of Canadian job seekers define success through work-life balance as opposed to climbing the corporate ladder, according to a new…

  • By: Staff
  • January 8, 2024 January 8, 2024
  • 15:00

U.S. pension risk transfer sales increased 39% in Q3 2023: report

U.S. pension risk transfer sales increased by 39 per cent during the third quarter of 2023, according to a report by LIMRA. It found single…

  • By: Staff
  • January 8, 2024 January 6, 2024
  • 09:00
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Expert panel: Employers taking preventative, holistic approach to employee mental health in 2024

Workplace wellness and employee mental health are popular topics of discussion and top priorities for organizations across Canada — and that conversation will continue in…

N.S. providing CAAT DBplus pension plan, comprehensive benefits plan to ECEs, support staff

The government of Nova Scotia is introducing a new benefits and pension package for roughly 3,000 early childhood educators and support staff. All employees will…

  • By: Staff
  • January 5, 2024 January 4, 2024
  • 09:00

Median solvency ratio of Canadian DB pension plans declines in Q4 2023: reports

The median solvency ratio of Canadian defined benefit pension plans declined in the fourth quarter of 2023, according to reports by Mercer and Aon. Mercer’s…

  • By: Staff
  • January 5, 2024 January 5, 2024
  • 09:00

Willful expanding bereavement leave to provide employees with additional support, flexibility

Canadian online estate planning company Willful is expanding its bereavement policy to provide more employee support and flexibility. Employees are allowed up to 15 consecutive business days…

Office REITs suffer another tough year in 2023, but opportunities may still arise for long-term investors

It’s poised to be another challenging year for office real estate investment trusts, but some money managers say there could be decent entry points in…

Caisse buys stake in Brazilian energy firm subsidiary, backs Quebec-based bakery

The Caisse de dépôt et placement du Québec is buying a 15 per cent stake in a subsidiary of Brazil-based renewable energy company ENGIE Brasil…

  • By: Staff
  • January 4, 2024 January 4, 2024
  • 11:00
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MPs calling on government to bar pension funds from investing in Chinese companies linked to human rights abuses

The House of Commons Special Committee studying Canada-China relations is calling on the federal government to bar Canadian pension funds from investing in Chinese companies…

  • By: Staff
  • January 4, 2024 January 3, 2024
  • 10:00

28% of global employees planning to leave their employer within the next year: survey

More than a quarter (28 per cent) of employees say they’re planning to leave their current employer within a year, according to a new survey…

  • By: Staff
  • January 4, 2024 January 3, 2024
  • 09:00
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Expert panel: What does 2024 hold in store for the pension industry?

With the arrival of the new year, there are three topics that will be important for pension plan sponsors, members and other industry stakeholders in…

Survey finds fewer Canadian employees working longer hours pre-, post-vacation

Nearly a third (30 per cent) of Canadian employees say they aren’t working any extra hours before or after taking a one-week vacation, according to…

  • By: Staff
  • January 3, 2024 January 3, 2024
  • 15:00