Changes to tax rules can improve Canadians’ retirement security and make the retirement system more equitable, according to a new report by the C.D. Howe Institute. The report argued in favour of key changes to the accumulation phase, such as more equitable tax-deferred registered wealth accumulation limits, changes to the tax recognition of administrative expenses […]
Roughly half of U.S. employees say rising costs (49 per cent) and recent financial crises (46 per cent) have caused them to reduce or stop their retirement savings, according to a new survey by Allianz Life Insurance Co. of North America. The survey, which polled more than 1,000 employees, found more than half (56 per […]
An article on Amazon Canada’s ‘Dogs at Work’ program was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Amazon expanding ‘Dogs at Work’ program to Canada, easing employees’ return to workplace 2. Survey finds 39% of women considering quitting job due to stress, burnout 3. 76% […]
More than half of U.S. women say they aren’t financially secure, a percentage that increases to 77 per cent among low-income women, according to a survey by Public Opinion Strategies and Lake Research Partners on behalf of the National Council on Aging and the Women’s Institute for a Secure Retirement. The survey, which polled more […]
Three-quarters (76 per cent) of Canadians say they’ll need to work longer than their parents to become financially secure in retirement, a percentage that increases among millennials (85 per cent) and generation X (84 per cent), according to a new survey by Edward Jones Canada. The survey, which polled more than 1,000 employees, found 82 per […]
Financial education programs can be humdrum at times, bringing to mind the iconic sleepy classroom scene in the movie Ferris Bueller’s Day Off. With that in mind, Fluor Canada is empowering employees to take stock of their finances through fun and engaging programs that appeal to the different generations that make up its workforce. Employees […]
Two-fifths (41 per cent) of U.S. employers say they embed information on retirement benefits in their onboarding process, according to a new survey by XpertHR. The survey, which polled more than 200 companies in the U.S., found that, although some indicated they use emails or letters to deliver retirement information (39 per cent), fewer than […]
Just 53 per cent of Black employees and 45 per cent of Latino employees are participating in a U.S. workplace retirement plan, compared to 66 per cent of white employees and 62 per cent of Asian employees, according to a new survey by Voya Financial Inc. The survey, which analyzed data from U.S. workplace retirement plans […]
Just over half (52 per cent) of Canadian women say they feel financially confident about retiring at their target age, compared to 68 per cent of men, according to a new survey by the Bank of Montreal. The survey, which polled more than 3,400 Canadian adults, found almost three-quarters (73 per cent) of women said […]
An article on how employers can close the pension gap among BIPOC employees was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Employers can leverage choice, education to help close pension gap among BIPOC workers 2. Ontario biosimilars policy could cut drug costs for plan […]