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As a majority (84 per cent) of Canadian employers say they’re concerned about an emerging retirement income crisis, they also agree that, without access to employer-sponsored pension plans, workers will become a burden on the taxpayer (82 per cent) and the economy will suffer (79 per cent), according to a new survey by the Healthcare […]

  • By: Staff
  • October 31, 2023 October 30, 2023
  • 09:00

Predictions of the demise of defined benefit pension plans are premature. The reality is DB is still alive and well in the public sector, with a growing number of multi-employer plans making the promise of financial certainty in retirement provided by DB pensions available to private sector employers of all sizes. What’s under threat is […]

At the beginning of April, the OPSEU Pension Trust made a change to a definition in its plan text that will have meaningful implications for plan members with disabled children who need to continue to rely on their parents into adulthood. The organization expanded the definition of a child eligible for survivor benefits to include […]

Three-quarters (75 per cent) of Canadian adults aged 55 to 64 have $100,000 or less in savings and 44 per cent have less than $5,000, according to a new survey by the Healthcare of Ontario Pension Plan. The survey, which polled 2,000 Canadian employees, found 44 per cent haven’t set aside any money for retirement […]

The Healthcare of Ontario Pension Plan is recognizing the property managers of nine Canadian buildings among the winners of its Leadership in Environmental Advancement Program awards. The LEAP awards, which were launched in 2011, recognize property managers of buildings in the pension organization’s property portfolio for efforts related to energy conservation and greenhouse gas emission […]

  • By: Staff
  • June 6, 2023 June 6, 2023
  • 12:00

An article on how British Columbia’s incoming pay transparency legislation could impact employers was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. How B.C.’s pay transparency legislation could impact employers 2. Report finds new diabetes, migraine treatments could impact private drug plans in 2023 3. CPPIB […]

  • By: Staff
  • March 24, 2023 March 23, 2023
  • 09:00
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The Healthcare of Ontario Pension Plan is reporting an annual return of negative 8.6 per cent for 2022, citing declines in equities and fixed income markets. The HOOPP finished the year with net assets of $103.7 billion and, despite the economic challenges, maintained a funded status of 117 per cent. Its fixed income portfolio generated […]

  • By: Staff
  • March 20, 2023 March 20, 2023
  • 09:00

An article on how working mothers are struggling with work-life balance was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Majority of Canadian working moms struggling with work-life balance: survey 2. CPPIB jointly acquiring cloud-based software company, OMERS subsidiary entering debt financing agreements 3. How employers […]

  • By: Staff
  • March 17, 2023 March 16, 2023
  • 09:00

The Healthcare of Ontario Pension Plan is enhancing its climate change strategy to achieve net-zero emissions in its portfolio by 2050. By 2025, the HOOPP expects 80 per cent of its assets to provide reported emissions. It will also initiate a scope 3 portfolio emissions measurement and exclude new direct investments in private thermal coal […]

  • By: Staff
  • March 14, 2023 March 13, 2023
  • 09:00

The Healthcare of Ontario Pension Plan and Bedford Capital are finalizing a deal to sell Edmonton-based Champion Petfoods to Ontario-based Mars Petcare Inc. Best known for its lines of confectionery products, including Mars Bars, M&Ms and Twix, Mars has built a significant portfolio of pet food brands. Following the transaction, Champion’s brands will be absorbed […]

  • By: Staff
  • March 9, 2023 March 9, 2023
  • 12:30