pensions – Benefits Canada.com

Chipotle expanding benefits offering to focus on career development, student debt

Sadie Janes — Fri, 26 Apr 2024 13:00:13 +0000

In anticipation of 25 per cent to 35 per cent growth in Canada by the end of 2024, restaurant chain Chipotle Mexican Grill Inc. is making staff development a key part of its attraction and retention strategy. This focus on employee development has contributed to an internal promotion rate of 87 per cent and has led […]

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Zayo, Unifor agreement includes pension, benefits gains

Sadie Janes — Tue, 02 Apr 2024 13:00:07 +0000

The union representing 120 employees working across Canada for U.S. telecommunications company Zayo Group has ratified a four-year collective agreement that includes pension and benefits gains. Unifor Local 2000A was able to protect and maintain the company’s defined benefit pension plan; however, the employee contribution will increase from three per cent to 4.5 per cent. […]

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Robinson Solutions, Unifor agreement includes pension, benefits gains

Sadie Janes — Wed, 31 Jan 2024 14:00:00 +0000

The union representing more than 160 employees at facilities services provider Robinson Solutions in Oshawa, Ont. has ratified a three-year collective agreement that includes pension and benefits gains. The agreement includes enrolment in the Colleges of Applied Arts and Technology’s DBplus pension plan with a two per cent employer contribution. As well, full-time employees will […]

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3M freezing U.S. DB pension plans for non-union employees by end of 2028

Sadie Janes — Wed, 10 Jan 2024 20:00:11 +0000

3M will freeze its U.S. defined benefit pension plans for non-union U.S. employees, effective Dec. 31, 2028, and move plan members to a 401(k) plan structure. Eligible employees will continue to accrue benefits under the pension plans until the freeze date, according to a press release, which noted this decision applies to both 3M and 3M Health Care. Former […]

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Magna, Unifor agreement includes multiple benefits gains

Sadie Janes — Fri, 08 Dec 2023 14:00:27 +0000

After a five-day strike, the union representing 800 employees at Magna International Inc.’s Integram Seating factory in Windsor, Ont. has ratified a collective agreement that includes multiple benefits gains. The benefits gains include: vision coverage, from $250 every two years to $400; a rise in the basic annual dental maximum, from $1,600 to $1,900; an […]

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Just 17% of workers aged 50+ confident they can maintain a comfortable lifestyle in retirement: survey

Sadie Janes — Tue, 03 Oct 2023 13:00:31 +0000

Only 17 per cent of U.S. employees aged 50-plus and 23 per cent of retirees are very confident they’ll be able to maintain a comfortable lifestyle throughout retirement, according to a new survey by the Transamerica Center for Retirement Studies in collaboration with the Transamerica Institute. The survey, which polled more than 10,000 U.S. employees, […]

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Online gig work growing rapidly, but workers lack benefits, retirement plans: report

Sadie Janes — Fri, 08 Sep 2023 13:00:57 +0000

Roughly half of online gig workers across the globe don’t have a retirement plan, a percentage that increases among Venezuelan (73 per cent) and Nigerian (75 per cent) workers, according to a new report by the World Bank Group. The report, based on surveys across 17 countries, found online gig work is growing globally, particularly in the developing world, creating an important […]

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Metro, Unifor agreement includes pension, benefits gains

Sadie Janes — Thu, 07 Sep 2023 13:00:11 +0000

The union representing 3,700 frontline grocery workers at 27 Metro Inc. stores across the Greater Toronto Area has ratified a collective agreement that includes pension and benefits gains. The agreement was reached following a month-long strike by workers at the 27 stores. It includes an enhanced future service pension credit for full-time workers, increasing by $2 to […]

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Union calling for better benefits, pension accrual for wildland firefighters

Sadie Janes — Thu, 31 Aug 2023 13:00:39 +0000

Improved benefits and pensions are needed for wildland firefighters amid the unprecedented amount of wildfires in Canada this year, says Bert Blundon, president of the National Union of Public and General Employees. “Firefighters have an increased risk of cardiovascular disease, pulmonary disease, mental-health concerns and cancer. That last one is the main source of contention for wildland […]

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U.S. gen X workers falling short of retirement savings targets: report

Sadie Janes — Thu, 20 Jul 2023 13:00:27 +0000

While more than half (55 per cent) of U.S. generation X employees participate in an employer-sponsored retirement savings plan, nearly two-thirds of men (62 per cent) and women (64 per cent) participating in these plans say they’ve saved less than 10 per cent of their retirement savings target, according to a new report by the […]

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