An article on the impact of rising benefits costs was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. 73% of employers say rising benefits costs a top issue in 2025: survey 2. 50% of Canadian gen-Zers prefer roles […]
Alberta’s Local Authorities Pension Plan is now allowing defined benefit pension plan sponsors to join by transferring their existing assets and liabilities into the LAPP. The Alberta Teachers’ Association is the first plan sponsor to join the LAPP in this way, by transferring its plan for office staff. These members will now have access to […]
An article on the Association of Canadian Pension Management’s call for modernized pension legislation in Alberta was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. ACPM urging Alberta government to align pension funding, administration rules with other provinces […]
The Association of Canadian Pension Management is calling on the Alberta government to modernize its provincial pension legislation and align its laws with other Canadian jurisdictions in terms of funding rules, innovation, administration and reducing red tape. In an open letter to Alberta Finance Minister Nate Horner, the ACPM outlined several proposed legislative changes, based […]
Administering a pension plan involves the accumulation of large amounts of data in the form of documents, filings, reports, emails and letters. At some point, plan administrators who have amassed all this information will ask themselves, “How long do we need to keep these records?” There’s some guidance from pension legislation, as well as pension […]
The idea of Alberta opting out of the Canada Pension Plan isn’t moving ahead — at least for now. Premier Danielle Smith says she won’t be putting the creation of a provincial pension plan to a referendum any time soon. “I’m not seeing that there’s an appetite to put it to the people at the […]
The Alberta Investment Management Corp. is closing its offices in New York City and Singapore. In an emailed statement to Benefits Canada, AIMCo spokesperson Carolyn Quick confirmed the office closures as “part of a strategic realignment of resources to better serve our clients.” Read: AIMCo opening first Asia office in Singapore, remains leery of China […]
The Alberta Pension Services Corp. is appointing Javier Lozano as vice-president of information services and technology, effective Feb. 3, 2025. Lozano has more than two decades of leadership experience in technology and previously served as vice-president of technology and innovation at East Coast Credit Union and vice-president of technology at Northern Savings Credit Union. Read: […]
Changes to Alberta’s Occupational Health and Safety Code are simplifying workplace violence and harassment prevention requirements for employers, says Cristina Wendel, an Edmonton-based employment lawyer at Dentons Canada LLP. The amendments, which take effect March 31, include a requirement for employers to develop and implement a consolidated violence and harassment prevention plan. The plan must […]
While it doesn’t contain an exact figure, the federal government’s official rebuttal to a 2023 report — which argued Alberta is entitled to more than half the assets of the Canada Pension Plan — provides a roadmap in the event the province exits the CPP, says Sebastien Betermier, associate professor of finance at the Desautels […]