The OPSEU Pension Trust is allowing its plan members to earn full pension service if they temporarily reduce their working hours. The changes were made to support members who participate in flexible working arrangements so they can maximize their pension. Members who enter into a temporary part-time work arrangement on or after Feb. 1, 2022 […]
A deep dive into how AstraZeneca is helping employees keep socially connected and engaged as year three of the coronavirus pandemic looms took the top spot over the past week on BenefitsCanada.com. Here are the five most popular news stories of the week: 1. How AstraZeneca is boosting employee connection, engagement amid pandemic 2. Survey finds majority of […]
Almost half (44 per cent) of Canadians agreed the coronavirus pandemic has negatively impacted their ability to save for retirement and, as a result, 31 per cent have changed their financial priorities, according to a new survey by Edward D. Jones & Co. The survey, which polled more than 1,500 adult Canadians, also found 33 […]
The 2022 Defined Contribution Investment Forum, held virtually on Jan. 21, explored how generational priorities impact investment options and strategies, including the growing importance of environmental, social and governance factors; the introduction of liquid investments and real assets, helping all age groups set the right glide path to retirement; and ensuring communication reaches all plan members. […]
Defined contribution plan sponsors are facing much more challenging market conditions heading into 2022, with lower expected returns across core asset classes and high levels of uncertainty around the pandemic, rising inflation and other market factors. “This is truly an exceptionally difficult environment to navigate,” said Som Priestly, multi-asset solutions strategist at T. Rowe Price, […]
St. Stanislaus – St. Casimir’s Polish Parishes Credit Union Ltd. is the latest employer to join the Colleges of Applied Arts and Technology pension plan’s DBplus. “Joining DBplus reduced the financial risks, operational costs and administrative challenges of managing a pension plan,” said Tomasz Falfus, human resources manager for the credit union, in a press […]
Alberta’s nurses have a new collective bargaining agreement, which includes more mental-health support as the coronavirus pandemic drags on. In addition to more psychological and mental-health supports, the deal includes the creation of a union-employer workload advisory committee, $5 million a year toward recruitment and retention strategies in rural and remote areas and $2.5 million a […]
A survey demonstrating the strong appetite by Canadian employees for an employer-sponsored retirement plan took the top spot over the past week on BenefitsCanada.com. Here are the five most popular news stories of the week: 1. 84% of employees consider retirement plan a critical benefit: survey 2. Bell Let’s Talk Day: Employers supporting staff amid pandemic stresses 3. Survey finds 29% […]
The vast majority (84 per cent) of Canadian employees consider an employer-sponsored retirement plan to be a critical benefit, according to a new survey by Manulife Investment Management Holdings (Canada) Inc. It found 60 per cent of employees would be unlikely to work for a company that doesn’t offer a retirement plan. In addition, employees […]
Montreal’s AGA Benefit Solutions is acquiring Markham, Ont.’s J&D Benefits. AGA Benefit Solutions provides the development and administration of customized group insurance plans and specializes in group retirement plans. J&D Benefits offers customized benefits administration services, specializing in multi-provider, flexible benefits and multi-employer platforms. Read: Maple acquiring Wello, CloudMD finalizes MindBeacon deal Todd Rappitt, president of […]