Latest news in Benefits Canada News

PMPRB report shows increased plan costs, promising pharmaceutical innovation: expert

A recent report by the Patented Medicine Prices Review Board shows increased growth for private drug plan costs but promising pharmaceutical innovation, says Joe Farago, executive…

  • By: Sadie Janes
  • September 20, 2023 September 20, 2023
  • 09:00
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Half of benefits plan members understand their plan extremely or very well: survey

Half (51 per cent) of Canadian benefits plan members say they understand their plan extremely or very well, down from 65 per cent in 2018,…

  • By: Staff
  • September 20, 2023 September 19, 2023
  • 09:00
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Employers seeking to know employees better should avoid using positional power: experts

National Hockey League coach Mike Babcock thought he was just trying to get to know his players better, but experts say he may have crossed a line that’s…

CalPERS CIO Nicole Musicco to step down this month

The California Public Employees’ Retirement System’s Nicole Musicco will step down from her role as chief investment officer, effective Sept. 29, 2023. Musicco, who joined…

  • By: Staff
  • September 19, 2023 September 19, 2023
  • 11:00
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NY state law requiring employers disclose proposed pay rates takes effect

Job advertisements in New York will have to disclose proposed pay rates after a statewide salary transparency law went into effect on Sunday, part of growing state and city efforts to give women and…

54% of benefits plan members currently live with at least one chronic condition: survey

More than half (54 per cent) of Canadian benefits plan members currently live with at least one diagnosed chronic health condition, according to the 2023…

  • By: Staff
  • September 19, 2023 September 18, 2023
  • 09:00

InvestX balancing productivity, employee well-being in return-to-office strategy

Vancouver-based investment firm InvestX Financial Canada Ltd. is balancing flexibility, employee productivity and well-being by requesting all employees work onsite each Tuesday. The ‘Together Tuesdays’…

  • By: Blake Wolfe
  • September 19, 2023 September 18, 2023
  • 09:00
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Public DB pensions key to supporting women, BIPOC workers in retirement: report

Public defined benefit pension plans can play a critical role in delivering adequate retirement income for U.S. retirees, while providing a key buffer against economic…

  • By: Staff
  • September 18, 2023 September 18, 2023
  • 15:00

38% of plan members experienced a high level of stress over past 3 months: survey

More than a quarter (38 per cent) of plan members say they’ve experienced a high level of stress on a typical day over the past…

  • By: Staff
  • September 18, 2023 September 15, 2023
  • 09:00
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New target-benefit funding framework in Ontario to provide more flexibility for administrators, boards: expert

The Ontario government’s new funding framework for target-benefit plans will provide more flexibility for plan administrators and boards, says Domenic Barbiero, principal at Eckler Ltd.…

North American institutional investors own half of private capital raised globally in 2022: report

North American institutional investors raised $749.7 billion, nearly half (49 per cent) of the $1.53 trillion total private capital raised globally between the second half…

  • By: Staff
  • September 15, 2023 September 15, 2023
  • 15:00

72% of plan members appreciate health benefits more today than before pandemic: survey

Nearly three-quarters (72 per cent) of Canadian benefits plan members say they appreciate their health benefits more today than they did before the coronavirus pandemic,…

  • By: Staff
  • September 15, 2023 September 14, 2023
  • 09:00

Editorial: Getting personal about life as a working single mom

Every time I sit down to write my editorial for our annual Women’s Issue, now in its sixth year, the themes these issues highlight for…

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

An article on the Canadian Association of Pension Supervisory Authorities’ new risk management guideline was the most-read story on BenefitsCanada.com over the last week. Here are the five most…

  • By: Staff
  • September 15, 2023 September 14, 2023
  • 09:00

Webinar coverage: Employers embracing gender affirmation coverage, menopause education as they increase focus on DEI

After years of viewing diversity, equity and inclusion as a side-of-the-desk issue, Canadian employers are increasingly considering it a top priority and integrating their organizational DEI…

  • By: Kelsey Rolfe
  • September 15, 2023 September 14, 2023
  • 09:00

Head to head: Are employers making progress on the gender pay gap?

While Canada has had pay equity laws since the 1970s, gender pay gaps still exist, but new pay transparency legislation in British Columbia is aiming…

How Snap is using flexible working to help ease new parents’ return to work

By March 2021, nearly half a million Canadian women who lost their jobs during the pandemic still hadn’t returned to work by the beginning of…

Canadian women share what evolving benefits and workplace policies mean to them

When Jessica Charbonneau decided to have a child through assisted reproduction a few years ago, it wasn’t cheap, but her employer helped shoulder some of…

  • By: Kelsey Rolfe
  • September 15, 2023 September 14, 2023
  • 08:57

Getting to know Shannan Corey and the Saskatchewan Pension Plan

Working in the pension industry has always been aligned with Shannan Corey’s personal interests and values. Her father was an actuary so she was exposed…

  • By: Sadie Janes
  • September 15, 2023 September 14, 2023
  • 08:56

Which frontier markets are on institutional investors’ radars amid geopolitical churn?

While the Nova Scotia Pension Services Corp. isn’t currently invested in frontier markets, the institutional investor is set to take its first steps towards investing…

  • By: Blake Wolfe
  • September 15, 2023 September 14, 2023
  • 08:55

A look at Ivanhoé Cambridge’s mission to reposition

Since joining the real estate investment arm of the Caisse de dépôt et placement du Québec in 2017, Michèle Hubert has held many titles —…

Has the Federal Pay Equity Act helped to close Canada’s gender pay gap?

The Federal Pay Equity Act, which took effect on Aug. 31, 2021, requires all federally regulated employers with 10 or more employees to prepare and…

  • By: Moira Potter
  • September 15, 2023 September 14, 2023
  • 08:53

Q&A with BDO Canada’s Brooke Schwarz

The organization’s manager of national total rewards discusses incorporating ESG into the DEI space, its experience reimbursement program and spending time around B.C.’s lakes and…

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NYC, Oregon public pension funds suing Fox over 2020 U.S. election coverage, alleging harm to investors

New York City’s pension funds and the State of Oregon are suing Fox Corp., alleging the company harmed investors by allowing Fox News to broadcast…

  • By: Staff
  • September 14, 2023 September 14, 2023
  • 11:30

Private debt helping institutional investors meet their goals in 2023

In the pursuit of long-term portfolio construction solutions, institutional investors are increasingly turning their attention to the private debt asset class, says David Sum, director…