The Colleges of Applied Arts and Technology’s pension plan is placing chief executive officer Derek Dobson on administrative leave and appointing Kevin Fahey as acting CEO and plan manager, effective immediately. The leadership shakeup takes place amid a formal review of the investment organization’s governance, including decisions around a $1.6-million vacation payout to Dobson and […]
An article on the removal of the board chair at the Colleges of Applied Arts and Technology pension plan was the most-read article on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. CAAT pension plan board chair removed amid ongoing governance emergency […]
An Ontario court approved Wednesday the creation of a $250,000 hardship fund for former employees of Hudson’s Bay Co. as well as $5 million in collective payments to ex-HBC staff who were set to lose their long-term disability benefits. The hardship fund is targeted at workers and retirees who have been having trouble paying expenses […]
Ontario’s Superior Court is scheduled to decide next week whether to approve a fund the insolvent company will set up to help former Hudson’s Bay Co. workers with expenses. The more than 9,300 workers who lost their jobs last year when the company collapsed weren’t paid severance and some lost access to long-term disability and […]
It took Peter Deitz eight years to figure out the best way to sell his business. But it wasn’t until the federal government opened up a new option for succession planning that he found the right buyer: his own employees. Deitz — co-founder of Grantbook, a Toronto-based firm that supports organizations doling out grants to […]
The federal government is expanding its return-to-office mandate for public employees. As of May 4, executives in the federal public service will be required to work onsite five days per week, while all workers will return four days per week as of July 6. The mandate applies to workers in the core public administration, including […]
Don Smith, the recently suspended chair of the Colleges of Applied Arts and Technology pension plan’s board of trustees, has been removed from his position following allegations of an improper executive compensation approval, according to a report by the Toronto Star. He was removed Thursday by the members of the plan’s sponsors’ committee amid a […]
The Colleges of Applied Arts and Technology pension plan has suspended its board chair Don Smith. The pension organization, which oversees more than $23 billion in assets under management, is awaiting the results of a governance review following concerns raised over a $1.6 million vacation payout to chief executive officer Derek Dobson. In an emailed […]
More than half (56 per cent) of Canadian job seekers believe they’ve applied for a ‘ghost job’ — a posting for a role that an employer has no intention of filling — underscoring growing frustration with opaque hiring practices, salary secrecy and employer silence, according to a new survey by Employment Hero. The survey, which […]
An article on how winter weather impacts employers’ return-to-office and hybrid work policies was the most-read article on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Winter weather exposing cracks in return-to-office flexibility: expert 2. Tribunal rules employer’s conduct creating emotional discomfort […]