An article on a lawsuit filed by Ontario Provincial Police recruits against the Ontario Municipal Employees Retirement System and the Ontario Pension Board was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. OPP recruits suing OMERS, OPB over […]
The average Canadian defined benefit pension plan returned 1.1 per cent during the first quarter of 2025, a slight decrease from 1.6 per cent in the previous quarter, according to a new report by RBC Investor Services. It found Canadian equities returned 1.2 per cent, slightly underperforming the TSX composite index, which rose 1.5 per […]
An article on how Canada’s federal election could impact employees’ retirement savings was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. How Canada’s federal election could impact retirement savings 2. How the coronavirus pandemic shifted employees’ retirement planning […]
The percentage of female benefits plan members using fertility drugs rose by roughly 14.57 per cent in 2024, according to a new report by Manulife Financial Corp. The report, which analyzed the insurer’s 2024 aggregate claims data, also found while more than half (53 per cent) of Canadian employers offer coverage for fertility drugs, fewer […]
After reaching new highs at the end of 2024, capital accumulation plan member outcomes have seen significant impacts following the inauguration of U.S. President Donald Trump and subsequent tariffs on Canadian imports, according to a new report by Eckler Ltd. The consultancy’s latest CAP income tracker found a typical male member retiring at the end of […]
U.S. workers believe they’ll need an average of US$1.26 million in savings to retire comfortably, $200,000 less than the $1.46 million reported last year and nearly flat with 2022 and 2023 estimates, according to a new survey by Northwestern Mutual. The survey, which polled more than 4,600 workers, found among employees who have retirement savings, […]
Flexible retirement savings plans and employer matching can potentially provide lower-income workers with earlier retirement options despite the rising cost of living, according to a new report by Mercer. The report analyzed two scenarios for workers earning $50,000 with workplace retirement plans that include employer matching. Read: Employer matching key to supporting young workers’ retirement […]
Donna Mathieu, vice-president and chief financial officer at NAV Canada, is retiring, effective Oct. 31, 2025. She joined NAV Canada in 2003 and became CFO in January 2022 following progressively senior roles. During her time at the organization, she provided executive leadership and direction to NAV Canada’s finance department, overseeing the company’s pension plan and […]
The European Union is imposing strict rules on artificial intelligence activities that pose high and unacceptable risks, including those deployed in the workplace. The AI Act, which is being implemented in stages through to Aug. 2, 2026, applies to all member states without the need for local legislation to be adopted, though some states may […]
More than half of U.S. pension plan sponsors say economic conditions like interest rate and market volatility (58 per cent) as well as demographic changes (57 per cent) are the market forces most likely to influence the evolution of employer-sponsored retirement plans, according to a new survey by MetLife Inc. The survey, which polled more […]