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A third (33 per cent) of Americans nearing retirement say they’re already drawing down their social security benefits, according to a survey by Allspring Global Investments. The survey, which polled more than 1,500 near-retirees and more than 1,200 retirees, found one in four retirees said they retired early due to job loss or a health […]

  • By: Staff
  • January 23, 2023 January 23, 2023
  • 09:00

Walmart Canada is enhancing its employee benefits plan with coverage for fertility treatments and gender affirmation. Nadia Cerisano, vice-president of total rewards and global mobility at Walmart, says the new benefits, which take effect Feb. 1, will help employees be their authentic selves in the workplace. Last fall, Walmart extended fertility benefits to its U.S. […]

The third Monday in January, also known as ‘Blue Monday,’ is considered to be the saddest day of the year, as people contend with frigid weather and higher-than-normal credit cards bills from the holiday season. Employers can use this occasion to check in with employees and plan their mental-health strategies for the year, says Janet […]

Nearly two-thirds (62 per cent) of U.S. women say they expect to retire later than originally planned or not at all due to rising inflation, a significant increase from 25 per cent in 2021, according to a new survey by Edelman Data and Intelligence on behalf of Nationwide Mutual Insurance Co. The survey, which polled […]

  • By: Staff
  • January 13, 2023 January 13, 2023
  • 15:00

Nearly two-thirds (63 per cent) of U.S. workers say their financial stress increased in 2022, according to a new survey by the Hartford Financial Services Group Inc. The survey, which polled more than 900 employees, found more than half (56 per cent) said their financial stress negatively impacted their mental health, a percentage that increased […]

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

With the coronavirus pandemic and rising inflation causing economic uncertainty, capital accumulation plan sponsors are looking for new ways to help their members feel secure and get the most out of their savings plans. Benefits Canada asked CAP sponsors and other industry experts what’s on their wish lists to make these plans more effective and engaging […]

  • By: Sadie Janes
  • December 16, 2022 December 15, 2022
  • 08:57

After a brief hiatus, Benefits Canada’s long-standing Healthy Outcomes Conference returned as an in-person event designed for employers to exchange ideas and best practices for achieving improved employee health outcomes. Nearly 85 employers gathered at the Omni King Edward Hotel in Toronto on Oct. 18 to hear from several panels discussing themes that are currently […]

Financial education and well-being initiatives are in the spotlight as employees face the stress of multiple financial headwinds — from inflation reaching a 40-year high to the strong likelihood of an impending recession — and search for advice and clarity. “There’s a very strong correlation between financial wellness and mental wellness,” said Dr. Jim Chung […]


Meridian Credit Union Ltd. is supporting its employees’ financial wellness by guaranteeing wages of at least $23.15 per hour. The pay rate — which is the Ontario Living Wage Network’s minimum hourly pay recommendation for the Greater Toronto Area — takes effect this week and applies to employees across the province, says Jay-Ann Gilfoy, Meridian’s […]

  • By: Blake Wolfe
  • November 29, 2022 November 29, 2022
  • 09:00

The FIRE concept — financial independence and retiring early — is gaining traction among younger workers, but as appealing as early retirement may be, it isn’t very realistic given the current economic conditions, according to experts. Bonnie-Jeanne MacDonald, director of financial security research for the National Institute on Ageing at Toronto Metropolitan University, notes the population […]

  • By: Sadie Janes
  • November 18, 2022 November 18, 2022
  • 09:01