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Friday 10 January 2025
Benefits Canada Daily Newsletters
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Top Stories
Feds' report dismisses Alberta’s CPP entitlement, offers formula to calculate potential exit: expert
Feds' report dismisses Alberta’s CPP entitlement, offers formula to calculate potential exit: expert
Once the parties agree on the method, they can converge to a final number, says McGill University's Sebastien Betermier, noting the devil will lie in the details due to the many parameters that will need to be considered.
Amazon facing lawsuit over use of forfeited 401(k) funds, potential violation of ERISA
Amazon facing lawsuit over use of forfeited 401(k) funds, potential violation of ERISA
In December, Cory Curtis, an Amazon employee, filed a lawsuit alleging the organization violated its duties under ERISA by using forfeited 401(k) funds of plan participants who didn't fully vest to reduce its matching contributions instead of using the funds to cover administrative fees for the plan.
Canadian employees working 13.6 additional hours to prepare for, catch up from vacation: survey
Canadian employees working 13.6 additional hours to prepare for, catch up from vacation: survey
Nearly a third (31%) of employees said they took all of their allotted vacation time for 2024, similar to the previous year but still well below pre-pandemic figures (48%), according to new survey by ADP Canada.
 
From the Archives
Alberta deserves more than half CPP assets if it exits program: report
Alberta deserves more than half CPP assets if it exits program: report
A third-party report compiled by consultant LifeWorks Inc. (now Telus Health) calculated that if Alberta gave the required three-year notice to quit the CPP next year, it would be entitled to $334 billion — or about 53% — of the national pension plan’s pool by 2027.
 
In Case You Missed It
Top 5 HR, benefits, pension and investment stories of the week
Top 5 HR, benefits, pension and investment stories of the week
An article on the issues that Canadian pension plan sponsors are considering in 2025 was the most-read story on BenefitsCanada.com this past week.
VPLAs, target-benefit pension legislation among CIA’s 2025 priorities
VPLAs, target-benefit pension legislation among CIA’s 2025 priorities
Two CIA task forces — one on VPLAs and another researching the impact of gender identity on actuarial standards — will report their findings this year, says Eckler’s Simon Nelson.
 
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