British Columbia – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 26 Apr 2024 20:02:31 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Clear, flexible regulations needed for target-benefit plans: report https://www.benefitscanada.com/pensions/governance-law/clear-flexible-regulations-needed-for-target-benefit-plans-report/ Tue, 19 Mar 2024 13:00:06 +0000 https://www.benefitscanada.com/?p=153230 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 the C.D. Howe Institute. The report analyzed data collected from 29 target-benefit plans registered in British Columbia, which was the first province to implement these plans. Read: Report finds disconnect […]

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]]> Canadian jurisdictions enacting pay transparency legislation, but more work to be done https://www.benefitscanada.com/human-resources/hr-law/canadian-jurisdictions-enacting-pay-transparency-legislation-but-more-work-to-be-done/ Tue, 21 Nov 2023 14:00:14 +0000 https://www.benefitscanada.com/?p=147431 Pay transparency legislation is quickly gathering steam in Canada as provincial governments take steps towards shrinking the gender wage gap. Prince Edward Island was first to the post with pay transparency provisions in June 2022. While Newfoundland and Labrador’s Pay Equity and Transparency Act received royal assent in November 2022, its pay transparency provisions haven’t […]

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]]> B.C. introducing minimum wage, labour protections for app-based gig workers https://www.benefitscanada.com/human-resources/hr-law/b-c-introducing-minimum-wage-labour-protections-for-app-based-gig-workers/ Fri, 17 Nov 2023 20:00:20 +0000 https://www.benefitscanada.com/?p=147350 British Columbia is introducing new protections for ride-hailing and food delivery app workers including a minimum wage, compensation for expenses and other standards. A minimum hourly wage of $20.10, which is $3.35 more than the current general minimum wage, would apply for a gig worker’s ‘engaged time,’ beginning when they accept an assignment to the […]

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]]> B.C. Municipal Pension Plan appointing Chelsea Kittleson as executive director https://www.benefitscanada.com/notice/appointment-notice/b-c-municipal-pension-plan-appointing-chelsea-kittleson-as-executive-director/ Tue, 10 Oct 2023 15:00:14 +0000 https://www.benefitscanada.com/?p=144947 The British Columbia Municipal Pension Plan is appointing Chelsea Kittleson as executive director, effective Nov. 15, 2023. She joins the pension plan from the British Columbia Investment Management Corp., where she was director of client relations. In the new role, Kittleson will oversee the office that supports the MPP’s board of trustees and act as […]

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]]> Head to head: Are employers making progress on the gender pay gap? https://www.benefitscanada.com/archives_/benefits-canada-archive/head-to-head-are-employers-making-progress-on-the-gender-pay-gap/ Fri, 15 Sep 2023 12:59:35 +0000 https://www.benefitscanada.com/?p=143398 While Canada has had pay equity laws since the 1970s, gender pay gaps still exist, but new pay transparency legislation in British Columbia is aiming to make an impact. Paulette Senior, president and chief executive officer of the Canadian Women’s Foundation The pace of closing the gender pay gap is glacial. All kinds of reports […]

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]]> Expert panel: How portable benefits can support inclusivity among gig workers https://www.benefitscanada.com/benefits/health-benefits/expert-panel-how-portable-benefits-can-support-inclusivity-among-gig-workers/ Thu, 06 Jul 2023 13:00:56 +0000 https://www.benefitscanada.com/?p=140729 The concept of employee benefits was established on a foundation built decades ago, when employees worked full time and long term with one employer. Those days are long gone. Temporary, part-time and gig work have become the norm, accounting for 60 per cent of job growth in advanced economies since the 1990s. Gig work is […]

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]]> B.C. court dismisses appeal, upholds pension plan’s decision to increase retirement age https://www.benefitscanada.com/pensions/governance-law/b-c-court-dismisses-appeal-upholds-pension-plans-decision-to-increase-retirement-age/ Tue, 21 Mar 2023 13:00:00 +0000 https://www.benefitscanada.com/?p=135440 A British Columbia court has dismissed an appeal of a Supreme Court of B.C. decision that upheld the B.C. Credit Union Employers’ Pension Plan’s choice to increase its normal retirement date to age 65 from age 62. In its decision, the court found the appeal — brought by a group of plan members — alleged […]

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]]> How B.C.’s pay transparency legislation could impact employers https://www.benefitscanada.com/human-resources/hr-law/how-b-c-s-pay-transparency-legislation-could-impact-employers/ Fri, 17 Mar 2023 13:00:40 +0000 https://www.benefitscanada.com/?p=135391 British Columbia is introducing pay transparency legislation to help close the province’s gender pay gap. Once the legislation is passed on Nov. 1, 2023, all B.C. employers will be required to include wage or salary ranges on all publicly advertised jobs. Employers will also be required to publicly post reports on their gender pay gap, […]

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]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-21/ Fri, 27 Jan 2023 14:00:34 +0000 https://www.benefitscanada.com/?p=133099 An article on how British Columbia’s amended definition of provision for adverse deviation will impact the province’s target-benefit pension plans was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. B.C.’s amended PfAD to provide more flexibility to target-benefit pension plans: experts 2. BNP Paribas expanding […]

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]]> B.C.’s amended PfAD to provide more flexibility to target-benefit pension plans: experts https://www.benefitscanada.com/pensions/governance-law/b-c-s-amended-pfad-to-provide-more-flexibility-to-target-benefit-pension-plans-experts/ Fri, 20 Jan 2023 14:00:10 +0000 https://www.benefitscanada.com/?p=132808 British Columbia’s amended definition of provision for adverse deviation will provide additional flexibility to the province’s target-benefit pension plans, according to experts. The changes to the PfAD’s definition lowers the minimum funding requirement to 7.5 per cent and allows a supplementary percentage identified by the target-benefit plan administrator or board as appropriate to achieve the […]

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