Feds seek to shake up discount rates
Feds to review discount rates for pension, benefits obligations
- October 26, 2017 January 31, 2021
- 08:24
Feds to review discount rates for pension, benefits obligations
The federal government is currently reviewing the discount rates it uses for its pension and benefits obligations, Finance Minister Bill Morneau said in the fall economic statement on Tuesday. The project includes a review of industry practices, trends in the public and private sectors and emerging developments in accounting standards. The government expects to complete the review […]
With more than 400 programs created over the past decade, Carleton University’s proactive approach to health and wellness helped it earn the inaugural Sanofi Canada Wellness Pioneer award at Benefits Canada’s 2017 Workplace Benefits Awards in Toronto on Oct. 12. The new award recognizes an organization that has developed an innovative and effective long-term health or […]
Fidelity Canada was recognized for its comprehensive diversity program at Benefits Canada’s 2017 Workplace Benefits Awards last week. In 2012, the company established five Canadian employee resource groups, which are made up of self-organized teams. “We’re really proud of the work that our groups are doing because they’re driving us to make the change and they’re […]
As pension plans grapple with what to do about environmental, social and governance factors, Quebec-based fund Bâtirente offers some guidance on the options available. It formalized its approach in 2005, the year before the United Nations laid out its six principles for responsible investment. Bâtirente is one of the original signatories of the principles. “I […]
While defined benefit pensions often make headlines when a company is struggling, there has traditionally been less of a focus on retiree benefits plans. The issue is paramount, however, in Sears Canada Inc.’s bankruptcy case. After filing for protection under the Companies’ Creditor Arrangement Act in June, Sears sought to suspend payments under its post-retirement […]
A number of employers and benefits plans were in court this week in support of the Canadian Elevator Industry Welfare Trust Fund’s appeal of a January 2017 decision by the Nova Scotia Human Rights Commission ordering it to cover a member’s medical marijuana prescription. In the latest development in the case, Skinner v. Board of Trustees […]
The Michael Garron Hospital is adding to its diversity and inclusion program by creating a gender diversity policy to support employees in the workplace and help them from a patient-care perspective. The Toronto hospital began developing its diversity and inclusion program with employee training around lesbian, gay, bisexual, transgender and queer communities in 2014 and […]
The Canadian Institute of Actuaries is consulting with its members on the development of a public statement for policy-makers about what’s next for Canada’s retirement age. The consultation covers two main issues: whether Canadians should plan to work longer and what measures to employ to encourage that behaviour; and whether to raise the pensionable ages […]
How does an employer go about creating a mental-health strategy? In the case of Ontario’s Workplace Safety & Insurance Board, it brought its own employees into the conversation. Speaking during an event hosted by Manulife Financial Corp. in Toronto on Thurday, Lilian Riad-Allen, a senior consultant for the mental health and wellness program at the […]