Specialty drugs are accounting for a slightly smaller portion of the total eligible amount for all drug claims, declining from 33.6 per cent in 2021 to 33.1 per cent in 2022, according to Telus Health’s annual drug trends report. The report, based on claims data from more than 4.6 million plan members in 2022, found the […]
Three-quarters (76 per cent) of U.S. employees say they’d actively search for — or be open to — a new job if their company rolled back flexible working policies, according to a new survey by Greenhouse Software Inc. The survey, which polled more than 1,200 U.S. employees, found 40 per cent of workers said they […]
Salvatore Iacono will succeed John Sullivan as president and chief executive officer of Cadillac Fairview, the real estate arm of the Ontario Teachers’ Pension Plan, effective November. Iacono joined the real estate investment organization in 2018 and is currently its executive vice-president of operations. In the position, he’s responsible for overseeing the retail, office and mixed-use […]
The Caisse de dépôt et placement du Québec is underwriting $75 million of bonds issued to finance a portion of the construction of a new bridge in Quebec. The underwriting will cover a significant portion of a $380-million issuance from Groupe Nouveau Pont Île-Aux-Tourtes Inc. It will be used to fund the construction of the […]
The University Pension Plan posted 9.1 per cent losses in 2022, according to its annual report. During the year, the jointly sponsored defined benefit pension plan’s assets declined from $11.8 billion to $10.8 billion. The plan finished the year with a solvency ratio of 103.3 per cent, down from 111 per cent at the end […]
When Alaska switched its public education employees from two defined benefit pension plans to a 401(k)-style defined contribution plan, more staff left their positions, according to a new report by the National Institute on Retirement Security. The report benchmarks retirement benefit offerings among state-level plans in Alaska and nationwide, analyzing the evolution of public pension […]
Google is enforcing its hybrid working policy by tying required in-office days to employee performance reviews. In an internal email, the company said it would consider office attendance when reviewing employees who don’t come into the office a minimum of three days per week, according to a report by Fortune. The company also said it […]
Sixty per cent of Canadian employees say they’d consider leaving their jobs for a role that offers more inclusive benefits, according to a new survey by Medavie Blue Cross. The survey, which polled 1,000 employees and 500 employers in Ontario, Quebec and Atlantic Canada, also found employees want to work for an organization that supports […]
More than half (58 per cent) of U.S. employees say outliving their assets is their greatest fear in retirement, according to a new survey by Cerulli Associates. While the percentage is even higher for near-retiree and retiree generations (generation X and baby boomers), longevity risk is the greatest concern across all generations. As a result, […]
An article on seven questions that employers should ask as the coronavirus pandemic moves into an endemic phase was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Expert panel: Seven important questions as pandemic moves into endemic phase 2. Just 14% of U.S. women say […]