Keyword: Retiree benefits

69 results found
Eacom Timber workers reach agreement with pension, benefits improvements

Employees at Eacom Timber Corp. have a new six-year collective agreement, which includes improvements to the pension and benefits plan. The lumber operation employs 160 people at its Timmins, Ont. mill and regional administrative centre, 110 of whom are members of the United Steelworkers Local 1-2010. Prior to the agreement, employees contributed a mandatory $120 […]

  • By: Staff
  • December 16, 2019 November 30, 2020
  • 09:00
Half of Canadians confident they can manage investments in retirement: survey

Many Canadians are interested in learning more about how to manage their money as they make the transition to retirement, according to a new survey by Mackenzie Investments. About half (47 per cent) of baby boomers said they want to know more about how to make the transition to retirement. This age group is slightly more […]

  • By: Staff
  • November 14, 2019 November 12, 2020
  • 15:20
Saskatchewan school support workers could strike over unused sick leave retirement benefits

Support staff for the Prairie South School Division in Moose Jaw, Sask. have voted overwhelmingly in favour of job action, up to a full withdrawal of services, when the school year starts again. The staff, members of the Canadian Union of Public Employees 5512 chapter, object to their employer’s attempt to remove a long-service recognition benefit that provides employees with […]

University of Waterloo includes retirees in pension, benefits governance

Despite changing demographics and rising health-care costs, it’s uncommon for employers to include retirees in their pension and benefits governance. However, the University of Waterloo Retirees Association, which has been around for more than 30 years, not only connects retired employees with each other and the university, but also allows them to weigh in on […]

  • By: Jann Lee
  • March 15, 2019 September 13, 2019
  • 08:58
Portable non-employer retirement benefits could fill gap in pension savings: report

Portable non-employer retirement benefits could be a useful tool in addressing the underperformance of the U.S. retirement system as a whole, according to a new report by Common Wealth and the Aspen Institute Financial Security Program. These programs, which would be tied to employment but not to a specific employer, could be sponsored by a number […]

  • By: Staff
  • February 15, 2019 September 13, 2019
  • 10:30
A 2018 roundup of the top legal cases in the benefits industry

When considering the legal cases attracting the most attention from the pension and benefits industry in 2018, the Ontario Human Rights Tribunal’s decision in Talos v. Grand Erie District School Board was one of the most talked about of the year. “This case is important because plan administrators who previously relied on the Employment Standards Act […]

Sounding Board: How a delayed retirement can affect health benefits

Canadians look forward to retirement, but for many, it’s only at the back of their minds, something that will happen eventually and, increasingly, not at the magical age of 65. Today’s employees often work long past the eligible age of retirement, creating new workforce dynamics that demands the attention — and often a new analysis […]

Sears pensioners reach settlement, without priority creditor status

Sears Canada Inc.’s pensioners reached a settlement last week after they were denied priority over the company’s other creditors. The settlement is subject to certain conditions before it becomes binding, according to a news release from Koskie Minsky LLP, the firm representing Sears’ retirees in the proceedings. The firm is dropping the deemed trust option it was […]

  • By: Staff
  • December 3, 2018 September 13, 2019
  • 10:38
Legal cases highlight issues around LTD coverage

Whether considering age eligibility or policy wording, recent rulings for employees in a pair of Ontario cases are reminders to employers to review their long-term disability offerings. When I’m 65 Ontario employers may no longer have the option to reduce or eliminate health and life insurance benefits for employees aged 65 or older, following the […]

Arbitrator awards rural Canada Post carriers up to 25% raise in pay equity decision

Rural and suburban postal workers across the country celebrated Thursday after an arbitrator ordered Canada Post to pay them more — much more — as part of a long-awaited pay equity decision. For a majority of the Crown agency’s mostly-female rural and suburban carriers, known as RSMCs, the ruling translates into a 25-per-cent pay hike, plus some increased […]