Some former Hudson’s Bay Co. employees have filed a class-action lawsuit seeking a share of the defunct retailer’s pension surplus. The court filing was made on behalf of workers who were enrolled in a pension plan offered by Simpsons, a rival department store HBC bought in the 1970s. The takeover made HBC the administrator of […]
Canadian public sector employees continue to outpace private sector workers in defined benefit pension plan membership, according to a new report by the Fraser Institute. It found 86.7 per cent of Canadian public sector workers were covered by a registered pension plan compared to only 21.8 per cent in the private sector, citing data from […]
When Bell Canada was communicating defined contribution plan changes to members in 2024, it turned to artificial intelligence to help personalize its message to all of its 25,000 plan members. The redesign, which aimed to respond to members’ different financial priorities, enhanced the company’s savings options with a first home savings account, a tax-free savings […]
In a year marked by an ongoing trade war and threats of tariffs by U.S. President Donald Trump and against a backdrop of rising costs, Canadian employers are reconsidering their total rewards and talent management strategies. “A lot more attention is being paid to total rewards, such as how we’re paying people,” says compensation and […]
Seven in 10 (71 per cent) employers say they’re concerned about meeting candidates’ salary expectations in 2026 and nearly half (46 per cent) say adding new employee benefits and perks will be the most effective strategy for recruiting skilled candidates in the coming year, according to a new report by Robert Half Canada. The report […]
Amid rising rates of food insecurity, employers have a role to play in easing immediate challenges and supporting long-term resilience among employees. “With rising food prices impacting everyone, we’ve developed or enhanced a range of programs that support both our employees and the communities where we work and live,” says Chris Pepper, vice-president of corporate […]
The federal government is investing $29.9 million in the Service Employees International Union Healthcare’s retirement savings program to strengthen retirement security for Canada’s homecare workers. The funding, announced earlier this month by SEIU Healthcare and Common Wealth alongside Minister of Jobs and Families Patty Hajdu, will provide more than 5,000 personal support workers and other […]
The value of the world’s 300 largest pension funds reached US$24.4 trillion in 2024, growing by 7.8 per cent to reach a new record sum, according to a new report from WTW’s Thinking Ahead Institute. It found Japan’s Government Pension Investment Fund replaced Norway’s Government Pension Fund as the leading investment organization by asset value […]
Nearly half (45 per cent) of U.S. capital accumulation plan members say they’d invest in private equity and private debt investments if their plan provided access to these assets, up from 36 per cent in 2024, according to a new survey by Schroders. The survey, which polled more than 1,500 plan members, found among employees […]
An article on the how capital accumulation plans are increasing their exposure to private assets 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: How does increased exposure to private assets impact CAP members’ financial health, retirement readiness? Pension […]