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While the majority (80 per cent) of U.S. retirement plan sponsors rate their record keeper as excellent or very good, they’re also seeking more support for plan members’ financial wellness, according to a new survey by Greenwich Associates. The survey, which polled 145 U.S. retirement plan sponsors and 15 U.S. consultants, found among plan sponsors, […]

  • By: Staff
  • November 7, 2022 November 8, 2022
  • 15:00

Fluor Canada Ltd.’s dynamic approach to absence management scored the company a win at Benefits Canada‘s 2022 Workplace Benefits Awards on Oct. 18. The multinational engineering and construction company won in the Absence management program category for policies such as flexible work options, general leaves of absence, family-friendly resources and paid time off, including 26 Fridays off per […]

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Eight in 10 (80 per cent) small- and medium-sized employers in Eastern Canada say they don’t provide employee benefits, according to a new survey for Medavie Blue Cross by Abacus Data. The survey, which polled SMEs and SME workers in Ontario, Quebec and Atlantic Canada, found a third (35 per cent) of SMEs that don’t […]

  • By: Staff
  • October 11, 2022 October 7, 2022
  • 09:00

Half of benefits plan members (49 per cent) and plan sponsors (48 per cent) say they have a health-care spending account in 2022, compared to 39 per cent of both plan members and plan sponsors that said the same in 2021, according to the 2022 Benefits Canada Healthcare Survey. In 2017, when this question was […]

  • By: Staff
  • October 4, 2022 October 5, 2022
  • 09:00

Ontario-based StoneRidge Insurance Brokers Corp. is acquiring employee benefits consultancy MultiCare Group. The acquisition will allow StoneRidge to provide a full range of insurance, risk advisory and benefits services to employer clients, according to a press release. Adam Lewis, president of MultiCare, will join StoneRidge and Scott Studley has been appointed executive vice-president of the company’s […]

  • By: Staff
  • September 21, 2022 September 21, 2022
  • 15:00
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Nearly three-quarters (73 per cent) of employees are experiencing high or moderate levels of stress, according to a new survey by Alight Solutions and Business Group on Health. The survey, which polled more than 10,000 employees across the globe, found more than a third (34 per cent) of workers reported symptoms of burnout and just […]

  • By: Staff
  • September 19, 2022 September 16, 2022
  • 09:00

The union representing employees at the City of St. John’s, N.L. ratified a collective agreement that includes enhanced bereavement leave. The agreement increases bereavement leave from three to five days for a spouse, child/stepchild or grandchild. The term “legal guardian” will be added for a three-day entitlement and an additional paid day will be included […]

  • By: Staff
  • August 22, 2022 August 21, 2022
  • 09:00
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The union representing roughly 3,000 Canadian Pacific Railway Ltd. employees across Canada has ratified a two-year collective agreement that includes pension enhancements and increased benefits. Read: Arconic, Unifor agreement protects workers’ DB pension plan The agreement will allow members of the Teamsters Canada Rail Conference to join CP Rail’s pension improvement accounts and includes a 3.5 per […]

U.S. employers are anticipating health benefits costs will rise by an average of 5.6 per cent per employee in 2023, according to early results from a survey by Mercer. The survey, which polled more than 850 U.S. employers, found if respondents made no changes to their benefits plans, the cost for the largest plans would rise […]

  • By: Staff
  • August 16, 2022 August 15, 2022
  • 09:00
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A recent court ruling that awarded a plaintiff $1.5 million in punitive damages against the Blue Cross Life Insurance Co. of Canada — in connection with its more than six-year denial of long-term disability benefits — could result in increased costs for employer-sponsored benefits plans. “If this sets a precedent, then higher awards will be […]