The union representing 2,100 workers at DHL Express Canada sites across the country has ratified a new four-year agreement that includes pension and benefits gains. The agreement, which officially ends a nearly three-week lockout and strike by employees, includes an increased employer match in the defined contribution pension plan (from four per cent to 4.5 […]
Ukraine is taking inspiration from Canada as it reforms its pension system and moves away from Soviet-era concepts. The topic has been frequently discussed by both countries this year, including during last month’s G7 meeting in Alberta. Read: North American markets tumble as Russian forces move on Ukraine In May, the two countries held preliminary […]
The implementation of variable payment life annuities in Quebec will support employee financial well-being and retirement readiness, while providing a model for other Canadian jurisdictions, says Louis-Bernard Désilets, an associate at Normandin Beaudry. “Currently, there’s approximately $1.5 trillion in retirement savings accumulated in [registered retirement savings plans] and [defined contribution] plans in Canada, with likely […]
Employees at Toronto’s Hospital for Sick Children are joining the Healthcare of Ontario Pension Plan’s defined benefit plan, effective Dec. 29, 2025. Almost all active members currently enrolled in the hospital’s DB plan will transition to the HOOPP for future service, enabling these members to continue to grow their existing SickKids pension, according to a […]
Three years ago, I wrote an editorial for our inaugural DEI Issue heralding the overdue and rising attention that was being bestowed on diversity, equity and inclusion in the workplace — but in such a short period of time, the tide is already turning. The rhetoric demonizing DEI began to gain momentum after a ruling […]
Defined contribution pension plan sponsors are navigating the demands of a strict asset allocation guideline in accordance with Islam by incorporating Sharia-compliant funds into their plans’ investment lineups. One reason is the increasingly diverse makeup of the Canadian workforce. According to Statis-tics Canada, the country’s Muslim population doubled between 2001 and 2021, from two per […]
George & Bell Consulting and Bilsland Griffith Benefit Administrators are merging under the name Convyta Partners. The merger will allow the two firms, which provide complementary services to employers and plan sponsors, to be wholly aligned with the goals of its clients and their plan members, according to a press release. Read: Acera Insurance partnering […]
The Colleges of Applied Arts and Technology pension plan is appointing Rasho Donchev as vice-president of pension solutions. In his new role, Donchev will drive the continued growth and expansion of the CAAT’s retirement solutions, working with employers and unionized workplaces to increase access to secure pensions, according to a press release. He succeeds Graham […]
Two-thirds (67 per cent) of Canadians say they’re very concerned about how Canada-U.S. relations, along with the cost of living (67 per cent) and general economic uncertainty (65 per cent), will impact their retirement savings, according to a new survey by the Healthcare of Ontario Pension Plan. The survey, which polled more than 2,000 Canadians, […]
In the next three years, more than half (57 per cent) of global employers plan to reallocate or rebalance their benefits spend, adding or enhancing some benefits (23 per cent) while reducing or removing others (two per cent), according to a new survey by WTW. The survey, which polled more than 5,500 global employers, found […]