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The union representing roughly 900 workers at Metro Inc. warehouses in Etobicoke, Ont. has ratified a new 4.5-year collective agreement that includes pension and benefits gains. Sandeep Kakan, director of pension and benefits at Unifor, says the agreement includes an increase in the defined benefit pension plan’s flat-rate benefit, retroactive to 2001, as well as […]

  • April 29, 2022 April 28, 2022
  • 09:00

A Toronto-based software company is offering a virtual veterinarian service through its benefits program. Nicola Watson, human resources manager at Tribalscale Inc., says pet-owning employees can use the service, operated by Vetster Inc., to schedule up to four virtual vet visits per year. She notes the offering is in line with TribalScale’s decision to shift […]

  • April 27, 2022 April 26, 2022
  • 09:00

Changes to the calculation of commuted pension values in Canada are making it more challenging for defined benefit pension plan members to determine an optimal day to quit their job and receive the maximum payout, says one actuary. Peter Gorham, an actuary at JDM Actuarial Expert Services Inc., says while he used to point plan […]

  • April 6, 2022 April 5, 2022
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While Canadian employers have spent millions of dollars to address and support employee mental health during the coronavirus pandemic, the co-author of a new study says employee feedback is key to addressing gaps in the improvement of workplace psychological health and safety. “We’ve got random acts of wellness and we’re spending millions of dollars on […]

  • March 25, 2022 March 25, 2022
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This month marks the second anniversary of the beginning of the coronavirus pandemic, a 24-month span that has had profound effects on the health of benefits plan members and the status and structure of their plans. For drug plans in particular, several trends have come to light — or have accelerated — during the course […]

  • March 18, 2022 March 22, 2022
  • 08:55

A Toronto-based non-profit organization is compensating prospective employees by paying them for their time during interviews. FoodShare Toronto’s new policy, which took effect March 1, pays interviewees a fixed rate of $75, regardless of the position. In addition, if an interview requires the candidate to complete an assignment or prepare a presentation, they’re also compensated […]

  • March 15, 2022 March 11, 2022
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Representatives from a few of Canada’s most progressive pension plans weighed in on topics ranging from plan design to the various challenges posed by legislation and governance during a webinar hosted by the Association of Canadian Pension Management last week. Orla Cousineau, executive director of pensions at the University of British Columbia, said the province’s […]

  • February 28, 2022 February 28, 2022
  • 09:00

A retirement community operator is allowing employees to access their pay at any time as part of a wider financial wellness strategy. In May, Seasons Retirement Communities is incorporating a new app into its payroll system, which allows employees to receive up to 50 per cent of their daily pay instantly. Jessica Poling, senior director […]

  • February 25, 2022 April 19, 2022
  • 09:00

Nearly two years after the declaration of the global coronavirus pandemic and its subsequent impact on the worldwide economy, institutional investors are looking to the future with cautious optimism. Amid a recovering economy and rising inflation, pension plan sponsors are taking a long-term investment view and staying the course in the year ahead, while incorporating […]

  • February 11, 2022 March 11, 2022
  • 08:55

The Ontario Teachers’ Pension Plan’s focus on diversity, equity and inclusion issues is an increasingly key part of its long-term strategic vision. The pension fund is embedding DEI initiatives into its latest enterprise strategy and is guiding the plan’s global growth and expansion, says Beth Tyndall, its chief people officer. “For the first time ever in [our] […]

  • February 9, 2022 February 9, 2022
  • 09:00