There was a time when job security and good benefits were the hallmarks of public sector employment. Employees reasoned that while they may be able to make more money in the private sector, a lower-paying job in the public sector meant a job for life and a good pension at retirement. While the job security […]
© Copyright 2006 Rogers Publishing Ltd. The following article first appeared in the June 2006 edition of BENEFITS CANADA magazine. A World of Innovation Defined benefit plans are dying. New pension schemes are being created. Around the globe, pension regulators and lawmakers are facing new demographic challenges and creating innovative approaches to deal with them. […]
IN THE MID- TO LATE-1990S, CIBC noticed a significant increase in the number of employees going on long-term disability(LTD). After examining its data, the bank realized that while its incidence of short-term disability(STD)was staying constant, it was having to deal with more psychological claims. A greater number of those psychological claims—often more complex in nature—were […]
© Copyright 2006 Rogers Publishing Ltd. The following article first appeared in the December 2005 edition of BENEFITS CANADA magazine. Textbook Case With more employees forgoing early retirement, St. Mary’s University is watching its drug premiums rise annually. An education campaign hopes to make the premium/benefits costs connection for employees. By Andrea Davis Saint […]
© Copyright 2006 Rogers Publishing Ltd. The following article first appeared in the December 2005 edition of BENEFITS CANADA magazine. Grin and Bear It McCain Foods reports that its pension plans are no cakewalk. Instead, the company is riding out low interest rates, higher DB liabilities and Monsanto fallout. By Andrea Davis In his […]
© Copyright 2006 Rogers Publishing Ltd. The following article first appeared in the November 2005 edition of BENEFITS CANADA magazine. The comfort zone Baby boomers are already contemplating retirement. What are employers willing to do to entice them to stay? By Andrea Davis When employment and labour ministers from the Group of Eight met […]
© Copyright 2006 Rogers Publishing Ltd. The following article first appeared in the October 2005 edition of BENEFITS CANADA magazine. How to deal With a looming shortage of workers, plan sponsors will have to develop creative strategies to engage—and retain—their younger employees. By Andrea Davis Much has been written about Canada’s aging workforce and […]