Vancouver City Savings Credit Union is using its internal benefits and employee data to react to the financial realities that workers are facing amid the rising cost of living, says Ivana Afonso, the organization’s director of total rewards. “We know the cost-of-living crisis is hitting our core-aged employees hardest, especially those balancing housing, childcare and […]
As employers and employees grapple with inflation, political turbulence and an economic slowdown, consultants are stepping up to offer support. That uncertainty also extends to broader business operations. Companies in the automotive and steel industries are particularly impacted by the tariffs, but many other sectors remain unsure of what the future holds more generally. The […]
While workplace savings programs have traditionally focused on retirement, there has been a shift in recent years to facilitate employees’ changing financial priorities and savings journeys. Benefits Canada’s 2025 Employee Savings Survey (formerly known as the CAP Member Survey) found three-quarters (73 per cent) of Canadian employees ranked paying for day-to-day expenses among their top […]
Nearly half (48 per cent) of U.S. employees say they expect to retire with less than US$500,000 even though they believe they’ll need $1.28 million, according to a new survey by Schroders. It found a quarter (26 per cent) of respondents expect to retire with less than $250,000, while just 30 per cent believe they’ll […]
Nearly one in four divorced, separated or widowed U.S. women have less than one month’s worth of retirement savings, compared to fewer than one in 10 men, according to a new survey by PensionBee. The survey, which polled more than 1,000 employees, found following a marital transition, women (43 per cent) are twice as likely […]
More than two-fifths (44 per cent) of U.S. Black retirees said they left the workforce earlier than planned due to a health issue or disability, compared to 32 per cent of non-Black retirees, according to a new report from the Employee Benefit Research Institute. The survey — which polled more than 2,700 American workers and […]
Employees at Toronto’s Hospital for Sick Children are joining the Healthcare of Ontario Pension Plan’s defined benefit plan, effective Dec. 29, 2025. Almost all active members currently enrolled in the hospital’s DB plan will transition to the HOOPP for future service, enabling these members to continue to grow their existing SickKids pension, according to a […]
Benefits Canada is extending the deadline for entering the 2025 Workplace Benefits Awards to Friday, July 4 at 5 p.m. EST. The industry’s original — and FREE to enter — awards program has been recognizing plan sponsors and individuals for more than 20 years, highlighting their creative and innovative approaches to supporting employee well-being. Enter […]
With just two weeks to go until the 2025 Workplace Benefits Awards’ nomination process draws to a close, Benefits Canada is pleased to announce this year’s panel of expert judges. The deadline for this year’s awards is June 30, at which time the awards entries will be turned over to the hands of several industry […]
Two-thirds (67 per cent) of Canadians say they’re very concerned about how Canada-U.S. relations, along with the cost of living (67 per cent) and general economic uncertainty (65 per cent), will impact their retirement savings, according to a new survey by the Healthcare of Ontario Pension Plan. The survey, which polled more than 2,000 Canadians, […]