Latest news in Benefits Canada News

Caisse investing in U.S.-based fintech company

Caisse adds exposure to fintech, CPPIB and BCI-owned grain company acquisition to be reviewed

The Caisse de dépôt et placement du Québec is increasing its exposure to fintech opportunities. The investment organization was among investors in a $71 million…

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Canadian institutional investors monitoring dispute with India

Canadian institutional investments in India could cool down if escalation between the two countries continues, according to a trade and investment lawyer. John Boscariol, a…

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Competitive pension risk transfer costs climb from 100.2% to 100.5% in August: report

The estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process increased from 100.2 per cent of a plan’s accounting…

  • By: Staff
  • September 28, 2023 September 27, 2023
  • 10:30
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Expert panel: How employers can support transgender, gender non-conforming employees

Canada’s most recent census found there are 59,460 Canadians aged 15 or older who identify as transgender and 41,355 who identified as non-binary. However, these individuals…

  • By: Wendy Cukier
  • September 28, 2023 September 27, 2023
  • 09:00

Alberta opposition creates counter survey on province’s ‘unicorn’ plan to quit CPP

Alberta’s opposition is launching its own survey on whether the province should leave the Canada Pension Plan, saying the government questionnaire is a “sham” and…

Survey finds majority of plan members with a workplace wellness culture satisfied with their jobs

Plan members with a workplace wellness culture are much more likely (89 per cent) to be satisfied with their jobs compared to those without one…

  • By: Staff
  • September 28, 2023 September 28, 2023
  • 09:00
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Canadian employers projecting smaller compensation increases in 2024: survey

Canadian employers are projecting, on average, 3.3 per cent for merit increase budgets and 3.7 per cent for total increase budgets in 2024, compared to…

  • By: Staff
  • September 27, 2023 September 27, 2023
  • 15:00
How CAA’s wellness app is evolving during the pandemic

73% of plan members agree their work environment supports mental wellness: survey

Three-quarters (73 per cent) of benefits plan members agree — 22 per cent strongly — their workplace environment supports mental wellness, according to the 2023 Benefits Canada…

  • By: Staff
  • September 27, 2023 September 26, 2023
  • 09:00
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PSP Investments reports $48.9BN exposure to green assets

Investments in low-carbon activities leading to positive environmental impacts make up 16.2 per cent of the Public Sector Pension Investment Board’s total assets under management,…

Caisse investing in artificial intelligence, OMERS backing property services firm

The Caisse de dépôt et placement du Québec is investing in Vooban, a Quebec-based supplier of applied artificial intelligence services. The investment will aid Vooban’s…

  • By: Staff
  • September 26, 2023 September 25, 2023
  • 10:30

Survey finds plan sponsors, members divided over whether workplace supports musculoskeletal health

While nearly three-quarters (72 per cent) of health benefits plan sponsors agree their work environment supports musculoskeletal health, two-thirds (65 per cent) of plan members…

  • By: Staff
  • September 26, 2023 September 26, 2023
  • 09:00
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Fewer U.S. employees say employer provides well-being resources: survey

Just four in 10 (43 per cent) U.S. employees say their company supports them with resources to better manage and improve their well-being, down from…

  • By: Staff
  • September 26, 2023 September 25, 2023
  • 09:00

BDO partnering with NGOs to address workplace accessibility gaps

BDO Canada is partnering with two non-governmental organizations to address accessibility gaps within the workplace. The consultancy is working with the Institute for Research and Development on…

  • By: Sadie Janes
  • September 26, 2023 September 25, 2023
  • 09:00

Ford, Unifor agreement includes significant DC pension improvements, transition to DB plan

More than 5,600 Ford of Canada workers have voted in favour of ratifying a three-year collective agreement that includes improvements to the defined contribution and…

  • By: Staff
  • September 25, 2023 September 25, 2023
  • 09:00

Men more likely than women to report reduced stress due to financial wellness programs: survey

More than a quarter (28 per cent) of male employees in the U.S. report a reduction in their stress levels due to their employer’s financial…

  • By: Staff
  • September 25, 2023 September 22, 2023
  • 09:00
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Survey finds 60% of plan sponsors reporting increased health benefits costs

Three-fifths (60 per cent) of benefits plan sponsors say the costs of their health benefits plan increased in the past three years, according to the…

  • By: Staff
  • September 25, 2023 September 22, 2023
  • 09:00
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Half of U.S. workers say employee well-being supports healthy workplace culture: survey

While half (51 per cent) of U.S. workers say improving employee well-being is a key action that employers can take to create a healthy workplace…

  • By: Staff
  • September 22, 2023 September 22, 2023
  • 15:00
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Alberta deserves more than half CPP assets if it exits program: report

A report commissioned by the Alberta government estimates the province would be entitled to more than half the assets of the Canada Pension Plan if it…

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

An article on the 2023 Benefits Canada Healthcare Survey’s findings on plan members’ appreciation of health benefits was the most-read story on BenefitsCanada.com over the last week.…

  • By: Staff
  • September 22, 2023 September 21, 2023
  • 09:00

Half of plan members say coverage of certain benefits limits their ability to seek treatment: survey

Half (51 per cent) of plan members say the coverage levels of at least one of their health benefits limit their ability to seek necessary…

  • By: Staff
  • September 22, 2023 September 21, 2023
  • 09:00

Employers contending with impacts of triple-peak work hours amid rise in flexible working

While flexible working arrangements may render the traditional workday obsolete, concepts like triple-peak work hours may jeopardize the work-life balance employees are seeking. A report…

CPPIB appointing Manroop Jhooty head of total fund management

The Canada Pension Plan Investment Board is appointing Manroop Jhooty as senior managing director and head of total fund management, effective immediately. In the new role,…

  • By: Staff
  • September 21, 2023 September 20, 2023
  • 15:00

CPPIB invests in private equity company, Ontario Teachers’ increases stake in Australian markets platform

The Canada Pension Plan Investment Board is extending its investment in Northleaf Capital Partners through an additional $200 million commitment. Private equity investment firm Northleaf…

  • By: Staff
  • September 21, 2023 September 20, 2023
  • 11:00

Funded ratio of large U.S. DB pension plans down in August with $98BN funded status decline: report

The funded ratio of the U.S.’s 100 largest defined benefit pension plans dropped slightly in August, from 76.8 per cent as of July 31 to…

  • By: Staff
  • September 21, 2023 September 20, 2023
  • 10:30
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Nova Scotia Labour Board orders St. Mary’s University to resume pension contributions for plan members on LTD leave

The Nova Scotia Labour Board has ordered St. Mary’s University to resume making pension contributions for employees on long-term disability leave, reasoning that the pension…