In May 2018, more than 76,500 Ontario public service employees received emails from their employer encouraging them to use the federal government’s retirement income calculator. The emails were the same, but the subject lines were different. Each one targeted a different way of thinking: emphasizing the simplicity of retirement planning, playing up its immediate benefits […]
Shaw Communications Inc.’s Kristina Humphreys talks financial well-being, plan flexibility and league hockey. Q. What top challenges do you face in your role? A. A big challenge is finding effective ways to communicate with our employees because it’s across many locations, demographics, different career points, etc. Also, retirement may feel very far away for a […]
While defined contribution plan members want to know they’ll have stable income through retirement with flexibility around accessing their funds, the Canadian market needs to evolve to include a broader range of retirement products to accommodate that. According to a Mercer survey of 1,000 Australians over the age of 55, DC plan members most want an […]
Toronto Uber drivers are joining the United Food and Commercial Workers Canada union to bargain for sick days and vacation days, as well as a guaranteed minimum wage. During a media conference in Toronto on Wednesday, Pablo Godoy, the national co-ordinator for gig and platform-employer initiatives at UFCW Canada, said many drivers spoke of a “resounding […]
The union representing about 8,000 Canadian border and intelligence officers and investigators is calling on the Treasury Board of Canada Secretariat and Canadian Border Services Agency to provide its members with a so-called 25-and-out retirement option. The Public Service Alliance of Canada’s Customs and Immigration Union has been in negotiation with the two federal agencies since […]
Almost a third of General Motors Inc. investors with nearly $2 trillion in total assets under management voted in favour of a shareholder resolution last week requesting the car manufacturer disclose its lobbying practices around vehicle emission standards. The vote, led by Canadian responsible investment firm NEI Investments and New York City Comptroller Scott Stringer, took […]
Plan sponsors and members are increasingly interested in making non-core benefits like pharmacogenetic testing and medical cannabis part of their plans, according to the 2019 Sanofi Canada health-care survey. For pharmacogenetics, 74 per cent of plan members said they’d consent to giving a sample of their DNA so a physician could prescribe the most effective medication […]
While just half (49 per cent) of plan members said changes were made to their benefits plan in the past two years, 72 per cent of plan sponsors reported they made changes, according to the 2019 Sanofi Canada health-care survey. More than half (51 per cent) of members said they didn’t know of any changes to their […]
Citigroup Inc.’s employees in Toronto spent Tuesday planting trees and shrubs at a local conservation area for the bank’s global community day. During Citi’s annual event, employees and their family members volunteer time to local causes around the world. It expects the participation of 100,000 Citi volunteers across 450 cities this year, with 1,000 Canadian employees and […]
Genetic testing is gradually growing in popularity as some employers adopt a more preventative benefits and wellness strategy. In its annual employee benefits report, the U.S.-based Society of Human Resources Management found 18 per cent of organizations offered genetic testing in 2018, up six per cent from 2016. It also found plan members are increasingly interested in learning […]