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Employers focused on employee well-being twice as likely to report strong talent, financial outcomes: survey

Employers that are highly focused on employee well-being are twice as likely to report better human capital and financial outcomes than companies with low well-being effectiveness, according to a new survey by WTW. The survey, which polled more than 3,600 global employers and more than 45,000 employees, found 69 per cent of highly effective employers reported […]

  • September 12, 2024 September 12, 2024
  • 15:00

Bristol-Myers Squibb sued for US$2BN pension risk transfer deal

Bristol-Myers Squibb Co. is being targeted in a lawsuit over a US$2 billion pension risk transfer deal completed in 2019 with Athene Annuity and Life Co. The class action lawsuit, filed by former employee Charles Doherty and which names independent consultant State Street Global Advisors Trust Co. as a defendant, argues the pharmaceutical company is […]

  • September 12, 2024 September 12, 2024
  • 11:00

York University, YUFA agreement includes multiple benefits gains

The union representing more than 1,600 faculty, librarians, archivists and post-doctoral researchers at York University has ratified a three-year collective agreement that includes multiple benefits gains. The agreement includes an increase in coverage for eyeglasses from $850 to $935 every 24 months, as well as an increase for paramedical services from $3,000 to $3,200. In […]

  • September 12, 2024 September 12, 2024
  • 09:00

CPPIB reinvesting $532M in Brazilian water firm, OMERS increasing stake in Indian infrastructure fund

The Canada Pension Plan Investment Board is reinvesting $532 million in its majority-owned Brazilian water and sanitation company Iguá Saneamento. The new financial commitment will fund the company’s growth in the Brazilian state of Sergipe, according to a press release. “This sector has significant room for growth while also providing opportunities to invest in long-term, […]

  • September 11, 2024 September 10, 2024
  • 15:00

Mental-health leaves of absence among U.S. workers up 22% in Q1 2024: report

Roughly one in ten (11 per cent) of all leaves of absence among U.S. workers in the first quarter of 2024 were due to mental health — a 22 per cent increase from this period last year, according to a new report by ComPsych Corp. The report, which analyzed ComPsych’s absence book of business that […]

  • September 11, 2024 September 11, 2024
  • 15:00

Survey finds hybrid, remote employees more productive, connected to work

A majority of global employees say they feel more productive (84 per cent) and more connected to their teams (82 per cent) while working in hybrid or remote working environments than those working onsite, according to a new survey by Zoom Video Communications Inc. The survey, which polled more than 600 C-suite leaders and nearly […]

  • September 10, 2024 September 10, 2024
  • 15:00

Average Canadian DB pension plan returns 3.2% in July: report

The funded position of a typical Canadian defined benefit pension plan rose on both a solvency and accounting basis in July, according to Telus Health’s latest pension index. It found the solvency of the average DB plan rose to 107.8 per cent, up from 107.6 per cent in June, while the accounting index increased from […]

  • September 10, 2024 September 6, 2024
  • 09:00

Caisse investing in Quebec-based energy company, CPPIB buying stake in data centre operator

The Caisse de dépôt et placement du Québec is investing $575 million in Montreal-based natural gas company Énergir. The investment, which will be made in partnership with the Fonds de solidarité FTQ, is designed to fund a decarbonization and resilience strategy at Énergir and will fund renewable energy projects and renewable natural gas production plants, according […]

  • September 6, 2024 September 6, 2024
  • 15:00

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

An article announcing the finalists in the 2024 Workplace Benefits Awards 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. Who are the finalists of the 2024 Workplace Benefits Awards? 2. Ford, Lowes among employers pulling back from DEI policies 3. 68% […]

  • September 6, 2024 September 6, 2024
  • 09:00

Canadian pension risk transfer sales increase to $2.5BN in Q2 2024: report

The market volume of annuity purchases by Canadian defined benefit pension plan sponsors reached an estimated $2.5 billion in the second quarter of 2024, compared to $1.1 billion in the previous quarter, according to a new report by Telus Health. While plan sponsors that are poised for upcoming transactions have an advantageous position, insurers are […]

  • September 5, 2024 September 6, 2024
  • 09:00