TMX Group Ltd. was the winner at Benefits Canada’s 2024 Workplace Benefits Awards for its diligent approach to mapping out a future workplace that leaves the one-size-fits-all office in the past. The financial services company was this year’s winner in the Future of Work Strategy category for its hybrid-first way of working experiment, which was designed to […]
The union representing more than 5,200 Air Canada pilots has ratified a four-year collective agreement that includes multiple benefits gains, avoiding a possible strike. The agreement includes physiotherapy coverage of up to $5,000 a year per plan member and lifetime coverage for fertility drugs up to $10,000. Employees will also have a choice between $500 […]
PepsiCo Canada’s 2024 Workplace Benefits Awards win demonstrates how weaving diversity, equity and inclusion into strategic business practices can foster employee mental health and wellness. The food and beverage company’s inclusive end-to-end business transformation strategy made it this year’s winner in the DEI Program category. “It’s so fantastic that all of our hard work has been […]
The union representing 60 employees at Maple Leaf Foods in Port Perry, Ont., has ratified a four-year collective agreement that includes pension and benefits gains. Vision coverage will increase from $280 to $315 in the first year and coverage for paramedical services will increase from $380 to $410 in the first year and to $420 […]
The union representing more than 1,300 employees at General Motors’ assembly plant in Ingersoll, Ont. has ratified a two-year collective agreement that includes pension and benefits gains. On Aug. 3, 2025, employees hired on or after Sept. 17, 2013, and currently participating in the defined contribution pension plan will be enrolled in the Colleges of […]
Canada’s life and health insurers paid out a record $128 billion in health and retirement benefits last year, up from $114 billion in 2022, according to the Canadian Life and Health Insurance Association’s annual fact book. “The benefits that life and health insurers provide through workplace plans and individual policies contributed significantly to Canadians’ health […]
Canadian benefits plan sponsors are increasingly seeking to balance providing competitive benefits against plan sustainability issues, said expert panellists during the launch event for the 2024 Benefits Canada Healthcare Survey last week. Andrea Belvedere (pictured right), assistant vice-president of health benefits and solutions at Sun Life, said plan sponsors are starting to ask more questions […]
Canadian health benefits plan members are increasingly feeling financially strained, according to the 2024 Benefits Canada Healthcare Survey — a finding that experts say should be a call to action to employers to include more financial wellness supports in benefits plans. Personal finances has remained plan members’ top stressor for the past two years, with […]
A large majority (80 per cent) of Canadian employers feel it’s extremely (36 per cent) or somewhat challenging (44 per cent) to provide benefits in today’s economic climate, according to the 2024 Benefits Canada Healthcare Survey. However, three-quarters (77 per cent) of plan sponsors indicated their health benefits plan was extremely or very important to […]
The unions representing more than 9,000 Canada Border Services Agency employees have ratified a four-year collective agreement that includes pension and benefits gains. The agreement with, the Public Service Alliance of Canada and the Customs and Immigration Union, includes a pensionable $2,500 one-time, lump-sum payment for all employees upon the date of signing. For members […]