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U.S. Steel accused of ‘oppressive conduct’ as pension fight heats up

U.S. Steel accused of ‘oppressive conduct’ as pension fight heats up

The United Steelworkers union was in court once again Thursday in a bid to boost the claims of pensioners amid the ongoing restructuring of U.S. Steel…

Trudeau says budget will commit to returning eligibility for OAS to 65

Trudeau says budget will commit to returning eligibility for OAS to 65

Prime Minister Justin Trudeau says next week’s federal budget will restore the age of eligibility for old age security to 65. Trudeau says the decision…

Canadian pension funds hold back on U.K deals ahead of Brexit vote

Canadian pension funds hold back on U.K deals ahead of Brexit vote

Some of Canada’s top pension funds are holding back on U.K. deals until after June 23, when Britons vote on whether to leave the European…

  • By: Staff
  • March 17, 2016 September 13, 2019
  • 09:53
45% of Canadians have a low level of financial wellness: survey

45% of Canadians have a low level of financial wellness: survey

Nearly half (45%) of Canadian employees said they have a low level of financial wellness, according to new research by Manulife. Its Financial Wellness study, which…

  • By: Staff
  • March 17, 2016 September 13, 2019
  • 09:20
Saskatoon bus drivers back in uniform after pension and wages protest

Saskatoon bus drivers back in uniform after pension and wages protest

Bus drivers in Saskatoon are back in uniform, after a week of protest around pension and wages. On Wednesday, the Amalgamated Transit Union recommended drivers…

The impact of returning OAS to age 65

The impact of returning OAS to age 65

The federal government is widely expected to make good on its election promise to restore OAS eligibility to age 65 for all Canadians, giving clients…

Five tips for getting plan members to open your materials

Five tips for getting plan members to open your materials

According to the results of a recent survey by the International Foundation of Employee Benefit Plans the top challenge with benefits plan communication is getting participants to…

Beware of legal issues around Ontario’s pension regulator review

Beware of legal issues around Ontario’s pension regulator review

Plan sponsors awaiting a final report on modernizing and increasing accountability in the regulations of financial services and pension plans in Ontario should be wary of a recommendation that…

Canadian pension fund managers combine forces in Asciano bid

Canadian pension fund managers combine forces in Asciano bid

Three of Canada’s largest fund managers are part of a joint proposal by two bidders to buy and break up Asciano Ltd., an Australian rail,…

Sounding Board: Why Trudeau should support target benefit pensions

Sounding Board: Why Trudeau should support target benefit pensions

According to a recent Broadbent Institute study, “the value of retirement assets of those aged 55 to 64 without an employer pension is wholly inadequate.”…

  • By: Ron Olsen
  • March 15, 2016 September 13, 2019
  • 09:09
VW sued by big investors, including CalPERS pension fund

VW sued by big investors, including CalPERS pension fund

Institutional investors are suing automaker Volkswagen in a German court, seeking 3.25 billion euros ($3.57 billion) in damages over the company’s diesel emissions scandal. Attorney…

OPTrust’s 2015 return shrinks

OPTrust’s 2015 return shrinks

Like other large defined benefit pension funds in Canada, OPTrust, which manages the OPSEU Pension Plan, saw its 2015 investment return slide amid low interest…

AIMCo to get piece of US$219 million legal settlement

AIMCo to get piece of US$219 million legal settlement

A U.S. insurance company has agreed to pay US$219 million to end a class action lawsuit for allegedly making false and misleading statements about a…

52% of U.S. private sector workers with employer-sponsored retirement plans say they contribute: survey

While more than two-thirds (69 per cent) of private sector workers in the U.S. have access to an employer-sponsored retirement savings plan, just half (52…

  • By: Staff
  • April 29, 2024 April 29, 2024
  • 15:00

Chipotle expanding benefits offering to focus on career development, student debt

In anticipation of 25 per cent to 35 per cent growth in Canada by the end of 2024, restaurant chain Chipotle Mexican Grill Inc. is making…

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

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

An article on how employers are enhancing their benefits packages to boost talent attraction and retention was the most-read story on BenefitsCanada.com this past week.…

  • By: Staff
  • April 26, 2024 April 25, 2024
  • 09:00

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…

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

Just a third of U.K pension plan members feel they’ve saved enough to retire: survey

Only a third (31 per cent) of U.K. pension plan members say they have sufficient retirement savings, down slightly from 32 per cent in 2022,…

  • By: Staff
  • April 26, 2024 April 25, 2024
  • 09:00

Clear, flexible regulations needed for target-benefit plans: report

Clear and flexible regulations that reflect the nature and diversity of target-benefit plans would allow these plans to thrive, according to a new report from…

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

OPB working with employers to receive salary information of employees impacted by Bill 124

The Ontario Pension Board is working closely with employers to receive updated salary information from public sector workers that may have been impacted by the…

  • By: Staff
  • March 12, 2024 March 13, 2024
  • 15:00

How Ontario pay transparency legislation will impact employers

As Ontario prepares to introduce pay transparency legislation, it’s important for employers to consider how much information they want to share in job postings, says…

Desjardins using budget workshops, interactive game to support employee financial wellness

Desjardins Insurance is marking Financial Literacy Month with a series of budgeting workshops for employees and an interactive game to help improve financial literacy. The…

  • By: Sadie Janes
  • November 24, 2023 November 23, 2023
  • 09:00

2023 Healthy Outcomes Conference: A closer look at the mental, physical, financial risk factors facing plan members

Many plan members are experiencing risk factors related to poor mental, physical and financial well-being, but often don’t know they can turn to their benefits…