Indigenous women in Canada continue to face structural barriers to workplace retirement plans and benefits programs, driven by employment instability, eligibility rules and traditional benefits design that often don’t reflect Indigenous realities, according to leaders at Aboriginal Community Career Employment Services. National labour data highlights the disparity. A Statistics Canada report found the employment rate […]
The bankruptcy of the Hudson Bay Co. and subsequent loss of promised supplemental employee/executive retirement plan benefits to executives has caused many to rethink the value of these plans and the security of promised benefits. SERPs are now common in most public corporations. In their simplest form, they can be nothing more than a letter […]
Young Canadians are redefining how they think about retirement, with many expecting to work longer and prioritizing flexibility and work-life balance in their careers, according to new survey from the Co-operators Group Ltd. It found two-thirds (65 per cent) of Canadians younger than age 35 believe retirement will look different for their generation compared to […]
Employers can improve women’s financial security by recognizing gender differences and improving pension contribution and benefits structures, says Kadie Philp, commissioner and chief administrative officer at the Ontario Pay Equity Commission. To close the gender pension gap, employers need to recognize how different work-life patterns can be for men and women, in addition to making […]
An article on how legislative changes in Alberta are impacting employer-sponsored benefits plans was the most-read article on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Alberta legislation allowing access to private health services through employer-sponsored benefits plans 2. 1 in 3 […]
Employers can reinforce the value of their workplace retirement plans by communicating to plan members about the importance of having money later versus money now, according to a new report by the National Institute on Ageing at Toronto Metropolitan University’s Pension Centre of Excellence. The report analyzed responses from an NIA survey of 6,000 Canadians […]
The British Columbia Supreme Court has ruled employers don’t necessarily have an unfettered right to dictate the terms of a repurchase of shares held by former employees under a stock option plan. “The message is that even when discretion is granted under the terms of a plan, that discretion is not necessarily unlimited, and it’s […]
Canadians believe they’ll need an average of $1.7 million to retire comfortably, up from $1.54 million in 2024, and more than a third say they’re unlikely to reach that goal, according to a new survey by BMO Financial Group. It found retirement expectations vary significantly by region, with British Columbia reporting the highest average savings […]
An article on the impact of a discrimination lawsuit against a bureau of the Canadian Broadcasting Corp. was the most-read article on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Discrimination lawsuit underscores reputational, accommodation risks for employers: expert 2. Heated rivalry […]
The Ontario Municipal Employees’ Retirement System earned a six per cent net investment return in 2025, generating $8.2 billion in net investment income, according to the investment organization’s latest financial report. Read: OMERS returns 2.2% in first half of 2025, net assets reach $138.2 billion It noted the OMERS increased its net assets to $145.2 billion […]