An article on how Yellow Corp.’s bankruptcy will impact Canadian workers’ pensions was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Yellow bankruptcy will have little impact on Canadian workers’ pensions: union 2. FSRA appoints Andrew Fung as EVP of pensions 3. Wildfires crystallizing threats of catastrophic […]
The union representing roughly 350 Canadian employees at Tennessee-based Yellow Corp. says the trucking company’s abrupt closure will have little to no impact on Canadian workers’ pensions. According to a spokesperson at Teamsters Canada, Yellow’s Canadian employees are enrolled in one of four defined benefit pension plans — all of which are fully or almost […]
The Canadian Union of Public Employees Local 4554 at Memorial University and the university’s students’ union are ratifying a new four-year collective agreement that includes improvements to employees’ benefits and pay. The agreement includes a new fertility treatment clause that provides time off and financial support for employees seeking treatment, since there’s a lack of fertility […]
The union representing employees at Montreal-based Canadian Aviation Electronics Ltd. has ratified a five-year agreement that includes retirement and benefits gains. The new agreement includes an early retirement program that allows employees to retire without penalty at the agreed upon time in the second and fourth year, starting at age 58 and meeting the factor […]
The Quebec Court of Appeal has ruled the province’s Bill 15, which substantially modified municipal sector pension plans, is unconstitutional with respect to retirees but justified for active plan members. The legislation, which was passed in 2014, adopted a cost-sharing formula for plans and plan deficits, established a shared-cost stabilization fund and put an end […]
The union representing more than 250 employees at Woodbridge Foam Corp. in Woodbridge, Ont. has ratified a three-year agreement that includes pension and benefits gains. The agreement includes the introduction of the Colleges of Applied Arts and Technology’s DBplus pension plan at a two per cent employer match. It also increases annual vision coverage from […]
The University of Toronto is supporting employee well-being with enhanced gender affirmation coverage. Heather Boon, acting vice-president of people strategy, equity and culture at U of T, says the coverage was negotiated in several of its recent collective agreements and is also available to non-union employees. “Gender affirmation coverage is being provided to help support […]
The union representing 89 employees at the University of Toronto has ratified a two-year agreement that includes retirement and benefits gains, including gender affirmation coverage. The agreement includes six retiring allowance packages equivalent to two months of base wages for employees who qualify for an unreduced pension in accordance with the University Pension Plan’s provisions. […]
The union representing more than 700 employees at Grand River Transit in Waterloo, Ont. has ratified a three-year collective agreement that includes benefits gains. The agreement between Unifor and the transit company includes enhanced paramedical coverage, from $1,000 to $2,000 per employee per year, which covers chiropractors, naturopaths and acupuncturists. It also includes coverage for […]
A pair of surveys on the state of Canadian workers’ mental health were among the most-read stories on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Survey finds 40% of Canadian gen Z employees at a mental-health ‘breaking point’ 2. Survey finds 40% of workers taking time off due […]