The Office of the Superintendent of Financial Institutions Canada has published a revised version of its instruction guide for the preparation of actuarial reports for defined benefit pension plans. The update, published last week, includes a decrease in the maximum going-concern discount rate, from 6.25 per cent to six per cent. “That will directly impact […]
For his vocal advocacy for public policy to improve retirement outcomes for Canadians, his role in the introduction of an innovative investment strategy at OPTrust and as a global promoter of the Canadian defined benefit pension model, Hugh O’Reilly was named industry leader of the year at Benefits Canada’s 2016 Workplace Benefits Awards in Toronto […]
Professional advisory firm Stem Capital Inc. has appointed Joseph Chan vice-president in its benefits and total rewards practice. Chan has worked in the industry for 18 years in both Canada and Asia. He joined Walmart Canada in 2011 as senior manager of benefits and moved up to director of total rewards before leaving the company […]
A court hearing on whether Northern Transportation Co. Ltd. pensioners should be the first recipients of the proceeds of the company’s sale has been delayed. The hearing, which was expected to take place on Oct. 26, has been postponed to early 2017. The company, which provides shipping services to communities and exploration projects throughout the […]
Carproof is rolling out a wellness campaign focused on employee self care, including access to a yoga and meditation specialist, massage therapists and a naturopath, as well as weekly lunchtime colouring. The London, Ont.-based company, which has 120 employees, surveys employees twice a year and then tailors its programs based around what people are interested […]
The U.S. election trail reached a fever pitch this past weekend on the heels of Donald Trump’s leaked audio tapes and the second presidential debate, but how could the election results affect stock markets and what’s the prognosis for Canadian institutional investors? There’s certainly a risk to short-term market pricing, says Todd Nelson, investment consultant […]
After hearing in May that the federal government was consulting with Canadians on bringing the right to request flexible working to all federally regulated employees, I thought it was about time Canada considered the issue. It’s no secret that the way we work has changed dramatically in the past decade and labour laws need to […]
With many Canadians struggling to balance their work responsibilities with their duties as caregivers for loved ones, employers are facing the challenge of how to step up and offer support. “Business has to come to the table and take a proactive role. Besides it being the right thing to do, it makes economic sense,” says […]
When France implemented its 35-hour workweek more than 15 years ago, it seemed to signal a real victory for work-life balance in a world where the lines between work and personal matters had grown increasingly blurry. But is the country’s latest labour reform bill, which includes an amendment governing work email after hours, another step […]
While there has been plenty of attention on the affect of Nortel Networks Corp.’s bankruptcy on its pension plan members, the struggle by a group of employees to receive what the company owes them in long-term disability benefits plan has been less prominent. But amid years of legal wrangling, a group of 350 long-term disabled […]