An article on the Association of Canadian Pension Management’s response to the Canadian Association of Pension Supervisory Authorities’ draft risk management guideline was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. CAPSA pension risk management guideline too divergent, says ACPM 2. B.C. Municipal Pension Plan appointing […]
In 2022, some of the top chronic conditions affecting group benefits plans were diabetes, obesity, depression and arthritis. Diabetes was the No. 1 ranked condition for drug claims in 2022, knocking rheumatoid arthritis down to the No. 2 spot, according to Telus Health’s annual drug plan trends report. And the 2023 Benefits Canada Healthcare Survey […]
Thomson Reuters Corp. is supporting employee mental health by creating opportunities for workers to connect with each other and highlighting resources to support mental health during its month-long ‘Courage to Connect’ campaign. The company will also hold its second annual Global Mental-Health Day Off on Oct. 23, allowing employees to fully check out of work […]
Amid a challenging labour market, Canadian employers say attraction (64 per cent) and retention (57 per cent) are the top challenges impacting total rewards decisions, according to a new survey by Arthur J. Gallagher & Co. The survey, which polled more than 500 employers, found just a third (29 per cent) were concerned about benefits […]
The average cost of employer-sponsored health benefits in Canada is expected to decline to five per cent in 2024, down from 7.5 per cent in 2023, according to a report by Aon. The report, which is based on insights from more than 100 global Aon offices that broker, administer or advise on employer-sponsored medical plans, found […]
A third (32 per cent) of Canadian employees say cost/affordability is the top barrier to getting mental-health support, according to the latest mental-health index by Telus Health. The survey, which polled 3,000 respondents, found lack of available care/long wait times (16 per cent) and not knowing where to get care or what type of care […]
While employees’ overall view of their employer’s workplace mental-health efforts are on the rise, workers were 49 per cent less likely to say their employer made significant positive changes to support mental health in 2023 compared to 2022, according to a new report by LifeSpeak Inc. and Lighthouse Research & Advisory. The report, which consisted […]
Canada’s life and health insurers paid out a record $114 billion in health and retirement benefits last year, up $11 billion since before the coronavirus pandemic and up 60 per cent from a decade ago, according to the Canadian Life and Health Insurance Association’s annual fact book. “During a year when many households faced higher […]
Canada’s most recent census found there are 59,460 Canadians aged 15 or older who identify as transgender and 41,355 who identified as non-binary. However, these individuals disproportionately experience egregious discrimination and are most at risk of violence — sexual assault, in particular — than their cisgender counterparts. A lack of support and action by employers to […]
Plan members with a workplace wellness culture are much more likely (89 per cent) to be satisfied with their jobs compared to those without one (59 per cent), according to the 2023 Benefits Canada Healthcare Survey. It found plan members with a workplace wellness culture were also more satisfied with their health benefits plan (81 per cent […]