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OMERS buying U.S. bio-manufacturing facility, Ontario Teachers’ acquiring Australian produce seller

The real estate arm of the Ontario Municipal Employees’ Retirement System is acquiring a pharmaceutical manufacturing facility in Raleigh, NC. The Oxford Properties Group is purchasing the 30,000 square-metre facility that’s located beside a five-building office and life sciences campus it owns. According to a press release, the pension fund could expand the facility to […]

  • March 30, 2023 March 29, 2023
  • 12:30

What’s in the federal budget for DB pension plans, institutional investors?

The 2023 federal budget, which was announced on Tuesday, includes several initiatives related to defined benefit pension plans and the broader institutional investment sector. The government said it would entrust the administration of a new federal investment fund to the Public Sector Pension Investment Board. “By partnering with PSP Investments, the Canada Growth Fund will […]

  • March 30, 2023 March 30, 2023
  • 12:00

Manitoba, NL to sign onto agreement for multi-jurisdictional pension plans

Manitoba and Newfoundland and Labrador are signing the 2020 agreement respecting multi-jurisdictional pension plans, effective July 1, 2023. The agreement, which was introduced in June 2020 and replaced the 2016 version, was initially signed by the federal government and the provincial governments of British Columbia, Alberta, Saskatchewan, Ontario, Quebec, New Brunswick and Nova Scotia. Once adopted by all […]

  • March 30, 2023 March 29, 2023
  • 09:00

Report finds more Canadian pension funds committing to net-zero emissions by 2050

Over the last year, the number of large Canadian pension funds with commitments to achieving net-zero emissions by 2050 rose from two funds to nine, representing $1.8 trillion — or 81 per cent — of total pension fund assets evaluated, according to a new report by Corporate Knights. The report also found four of the […]

  • March 30, 2023 March 29, 2023
  • 09:00

73% of U.S. employee caregivers seeking more mental-health benefits: survey

Nearly three-quarters (73 per cent) of U.S. employees who are caregivers for dependants with mental-health challenges wish their employers would offer more mental-health benefits, according to a new survey by the New York Life Insurance Co. The survey, which polled 1,000 employees, found mental-health benefits play a key role in employee satisfaction. The vast majority of […]

  • March 29, 2023 March 29, 2023
  • 15:00

46% of Canadian employees feel very happy at work: survey

Nearly half (46 per cent) of Canadian employees say they’re very happy with their current role and responsibilities at work, according to a new survey by Maru Public Opinion and ADP Canada. The survey, which polled more than 1,200 employees, found the national work happiness score for March is 6.7 out of 10. Workers in Quebec […]

  • March 29, 2023 March 29, 2023
  • 09:00

CPPIB-backed green energy service provider launching in Brazil

The Canada Pension Plan Investment Board is entering a joint venture focused on providing services to support Brazil’s transition away from fossil fuel reliance. Alongside Votorantim Group, the CPPIB is launching Floen, which will support the scaling of innovative technologies and business models with the potential to accelerate the energy transition, according to a press […]

  • March 28, 2023 March 28, 2023
  • 12:30

Gesco, Unifor agreement includes retirement, paid leave gains

The union representing employees at Ontario-based flooring company Gesco Ltd. Partnership has ratified a three-year collective agreement that includes retirement and paid leave gains. The company will now match all regular employees’ contributions to the group registered retirement savings plan to a maximum of four per cent of their basic annual earnings. The agreement also […]

  • March 27, 2023 March 24, 2023
  • 09:00

PSP Investments focusing on climate change in updated proxy voting guidelines

The Public Sector Pension Investment Board is updating its proxy voting guidelines to communicate its views on sound corporate governance practices and climate change. According to the guidelines, boards of directors at the companies in which PSP Investments invests, are expected to ensure climate risks and opportunities are integrated into their strategy and operations. They […]

  • March 27, 2023 March 24, 2023
  • 09:00

Top 5 HR, benefits, pension and investment stories of the week

An article on how British Columbia’s incoming pay transparency legislation could impact employers was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. How B.C.’s pay transparency legislation could impact employers 2. Report finds new diabetes, migraine treatments could impact private drug plans in 2023 3. CPPIB […]

  • March 24, 2023 March 23, 2023
  • 09:00