The union representing employees at automobile manufacturing company Stellantis’ assembly plants in Windsor, Ont. and Brampton, Ont. has ratified a three-year collective agreement that includes…
An article on Telus Communications Inc.’s win in Benefits Canada‘s 2022 Workplace Benefits Awards was the most-read story on BenefitsCanada.com over the last week. Here are the five most…
Western University is marking Financial Literacy Month with a series of webinars and consultations addressing employees’ financial questions. The webinars cover topics such as retirement,…
The maximum pensionable earnings under the Canada Pension Plan for 2023 is increasing to $66,600 from $64,900 in 2022. The new ceiling was calculated according to a CPP legislated…
While Canadian employers recognize the value of retirement benefits, the current high inflation environment is driving them to favour wage hikes instead, according to a…
Around half (54 per cent) of U.S. employees say they’ve stopped or reduced retirement savings due to inflation, according to a new survey by Allianz…
A pair of articles on Benefits Canada‘s 2022 Workplace Benefits Awards winners were among the most-read stories on BenefitsCanada.com over the last week. Here are the five…
Equitable Bank’s comprehensive financial literacy seminars led to a win in the Financial wellness category at Benefits Canada’s 2022 Workplace Benefits Awards on Oct. 18. During the coronavirus…
Capital accumulation plan sponsors need to focus on providing lifetime retirement income for plan members amid the growth of decumulation solutions such as advanced life…
In conversations with pre-retirees, retirees and industry professionals, there’s a growing recognition that retiring is often the easy part — it’s figuring out what they’re…
LifeLabs Inc.’s holistic well-being strategy led to its win in the Coronavirus and benefits category for an employer with more than 1,000 employees at Benefits Canada‘s…
Alongside the steady decline of defined benefit pension coverage in Canada, defined contribution plans have seen a massive growth — “a secular shift of responsibility…
An article on the lack of benefits provided by small- and medium-sized employers in Eastern Canada was the most-read story on BenefitsCanada.com over the last…
Six organizations representing Canadian retirees say proposed amendments to the federal Bankruptcy and Insolvency Act would have a positive impact on defined benefit pension plan…
As Canadians face continued economic uncertainty, a recent university graduate and a long-time teacher share their views on balancing different financial priorities. Sul Mahmood, age…
While defined contribution pension plans currently outnumber defined benefit pension plans, this wasn’t always the case, recalls Bita Jenab, a principal at RetirementWorks Services Inc.…
Our industry sometimes gets a bad rap for being overly traditional and slow to change. But there’s no question we’ve seen some major shifts in…
I was a little daunted to write a piece for Benefits Canada’s 45th anniversary issue — it has been almost 15 years since I last…
While Canada’s pension system continues to rank well globally, the current economic environment poses particular risks for defined contribution pension plan sponsors and members, according…
The Saskatchewan College of Pharmacy Professionals is joining the Colleges of Applied Arts and Technology pension plan’s DBplus arrangement. “I did a lot of research…
An article on Ontario’s incoming electronic monitoring policy was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories…
Canada’s gender pension gap is growing as Canadian women received an average of 18 per cent less retirement income than men in 2020, according to…
Nearly three-quarters (71 per cent) of Canadians say saving for retirement is a challenge amid rising inflation, an increase of six percentage points over 2021,…
Defined contribution pension plan members in the U.S. are committed to saving and investing, as only two per cent stopped contributing to their plan in…
Canadian life and health insurers processed nearly $600 million in claims related to mental health in 2021, up 45 per cent since 2020 and 75…