By underestimating life expectancy, employees risk running out of money in retirement, according to a new survey by analytics firm Club Vita. The survey, which polled 3,000 respondents in Canada, the U.K. and the U.S., found on average, people underestimated their life expectancy by 4.7 years. Women underestimated their longevity by an average of 6.1 […]
Alberta’s government is proposing an amendment to provincial labour legislation that would extend bereavement leave to parents who’ve experienced a miscarriage or stillbirth. The proposed amendments would expand access to any employee who would’ve been a parent, including biological parents, adoptive parents and surrogates, according to a press release. While employees won’t be required to […]
The Pension Investment Association of Canada is urging the federal government to allow for tax-free mergers of maturing target-date funds. In a letter to the Department of Finance Canada, the PIAC said current tax rules don’t permit tax-free mergers of a target-date fund series into a terminal fund — where a target-date fund provider will […]
The Caisse de dépôt et placement du Québec is securing a share in a holding company consolidating two European high-speed rail companies. Alongside a group of other institutional investors, the Caisse will own a 19.31 per cent share in the Eurostar Group, a holding company that will control both Eurostar Ltd and THI Factory, which […]
The Nova Scotia Teachers’ Pension Plan exceeded its return benchmark in 2021, though its solvency ratio on a growing-concern basis remains underwater, according to its annual report. The defined benefit pension plan’s assets grew by 6.1 per cent last year, reaching $5.856 billion. Net investment returns, however, grew by 9.63 per cent, slightly higher than […]
The percentage of U.S. employers offering new or additional voluntary benefits increased by 41 per cent during the 2022 enrolment period, according to a new survey by Aon. The survey attributed this growth to employers’ talent retention and attraction strategies, as well as employee demand for supplemental health insurance products during the coronavirus pandemic. The […]
While almost two-thirds (67%) of employees agree their leader effectively supports their mental health, there are still some key areas where they feel their leaders are lacking, according to a new survey commissioned by Workplace Strategies for Mental Health complements of Canada Life Assurance Co. and conducted by Mental Health Research Canada. The survey, which […]
More than two-thirds (67 per cent) of U.S. employees believe a four-day workweek would alleviate their burnout, according to a survey by Eagle Hill Consulting Ltd. The survey, which polled more than 1,000 employees, found nearly half (49 per cent) said they’re feeling burnt out, with younger workers (53 per cent) and women (52 per cent) feeling […]
Does your organization’s benefits plan or financial wellness program deserve recognition? Are you leading the way when it comes to supporting your employees’ mental health? Is your company implementing award-worthy diversity, equity and inclusion initiatives? Benefits Canada’s annual Workplace Benefits Awards is officially open for nominations. Submit your entries here. As in previous years, the 2022 awards will […]
Almost a third (29 per cent) of Canadians believe their employer-sponsored pension plan will be their primary source of retirement income, while 15 per cent said they’re relying on government pension plans, according to LifeWorks Inc.’s latest financial well-being index. The survey, which polled 3,000 Canadian employees, found the overall financial well-being score decreased slightly […]