A thousand members of the Anglican Church of Canada’s defined contribution pension plan are joining the General Synod pension plan, effective Jan. 1, 2022. The Church-wide Lay employee pension system’s transition into the multi-employer pension plan is part of an expansion strategy to offer more Canadians better financial security in retirement, according to a press […]
Employees’ confidence in their organization’s culture and leadership has dropped slightly (three per cent) since the early days of the coronavirus pandemic, according to a survey by Eagle Hill Consulting. The survey, which polled more than 1,000 employees across the U.S., found slightly more than a quarter (29 per cent) believe their organization has trusted leaders […]
Trans-Canada Capital Inc., an investment manager that was spun out of Air Canada’s defined benefit pension plans in 2019, is a signatory of the United Nations-backed principles for responsible investment. The PRI is a set of principles that reflect the view that environmental, social and corporate governance issues need to be appropriately considered in the […]
The OPSEU Pension Trust is allowing its plan members to earn full pension service if they temporarily reduce their working hours. The changes were made to support members who participate in flexible working arrangements so they can maximize their pension. Members who enter into a temporary part-time work arrangement on or after Feb. 1, 2022 […]
While 85 per cent of employees believe workplace perks are as important or more important to them now than before the coronavirus pandemic, 65 per cent said their employer hasn’t added any new perks since the pandemic’s onset, according to a new survey by workplace management platform Robin Powered Inc. The survey, which polled nearly 600 full-time employees, […]
The Healthcare of Ontario Pension Plan is investing in a Toronto-based fintech company offering an alternative to payday loans. The HOOPP joined the Business Development Bank of Canada as a participant in a $210 million funding round for Koho Financial Inc. The funds raised will be used to expand Koho’s workforce from 250 to 400 […]
The Colleges of Applied Arts and Technology Pension Plan is expanding the definition of who can qualify to receive benefits as disabled or as a dependant child under its plan. Effective Dec. 1, 2021, the CAAT’s DBprime plan design was amended to remove the requirement that a member must be receiving benefits from an employer’s long-term […]
The median return of Canadian defined benefit pension plans was 4.11 per cent for the fourth quarter of 2021, the seventh consecutive positive quarterly return following the initial reaction to the coronavirus pandemic in the first quarter of 2020. BNY Mellon Asset Management Canada Ltd.’s master trust universe, which comprises 84 Canadian corporate, public and […]
A deep dive into how AstraZeneca is helping employees keep socially connected and engaged as year three of the coronavirus pandemic looms took the top spot over the past week on BenefitsCanada.com. Here are the five most popular news stories of the week: 1. How AstraZeneca is boosting employee connection, engagement amid pandemic 2. Survey finds majority of […]
Morningstar Inc. is appointing Tom Kuh as its first global head of environmental, social and governance strategy. In the newly created role, Kuh will be responsible for advancing the Chicago-based financial services firm’s strategy to accelerate growth while harnessing its broad ESG strengths. He’ll report to Rolf Agather, head of research and product. Read: Mark Carney […]