The Ontario Teachers’ Pension Plan is appointing Dale Burgess executive managing director of equities, effective immediately. Burgess has been at the investment organization since 1996 and has already been in this role on an interim basis since February, overseeing the equities investment department globally. Read: Ontario Teachers’ names Kevin Kerr as executive managing director, portfolio […]
U.S. employer health-care costs are projected to climb 9.5 per cent in 2026, pushing average plan costs above US$17,000 per employee, according to a new report by Aon. The report draws on the firm’s health value initiative database, which tracks plan costs and designs for more than 1,000 employers covering 7.7 million employees and US$120 […]
The New Brunswick Public Service Pension Plan is reporting a funded status of 136.5 per cent as at Dec. 31, 2024, and will provide a full cost-of-living adjustment of 2.01 per cent to all members. Last year, the plan returned 12.65 per cent and its long-term rate of return increased to 7.14 per cent, surpassing […]
The Workplace Insurance and Safety Employee Trust is appointing Trevor Cartlidge as chief pension officer and vice-president of funding and innovation. In the new role, Cartlidge will oversee funding strategy, actuarial oversight and innovation in pension service delivery. Most recently, he was deputy chief actuary of pensions at the Financial Services Regulatory Authority of Ontario. […]
While just a quarter (24 per cent) of Canadian small- and medium-sized employers say they’ve seen an increase in employee absences due to mental-health issues over the last 12 months, eight in 10 (80 per cent) say they aren’t confident that employees would disclose mental-health issues, according to a new survey by Peninsula Canada. The […]
The financial health of working Canadians may finally be improving after years of decline, according to a new survey by the National Payroll Institute. The survey, which polled more than 2,320 employees, found the proportion of workers who described themselves as financially stressed has decreased from 41 per cent in 2024 to 36 per cent […]
The Ontario Teachers’ Pension Plan is completing the acquisition of an industrial facility in Houston alongside real estate investment advisor Sagard Real Estate. The financial details of the transaction weren’t disclosed. The deal represents the first transaction as part of a new partnership between the investment organization and the real estate firm. “As we look […]
The median job tenure is nearly identical among employees across all generations, despite a prevailing myth that millennials and generation Z employees are more eager to switch jobs than their older colleagues, according to a new report by the National Institute on Retirement Security. The report cited data by the U.S. Bureau of Labor Statistics […]
An article on amendments to Quebec employment legislation 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. Quebec employment legislation introducing unpaid leave for workers impacted by provincial health, disaster orders 2. HOOPP providing menopause-inclusive workplace through benefits, […]
The value of the world’s 300 largest pension funds reached US$24.4 trillion in 2024, growing by 7.8 per cent to reach a new record sum, according to a new report from WTW’s Thinking Ahead Institute. It found Japan’s Government Pension Investment Fund replaced Norway’s Government Pension Fund as the leading investment organization by asset value […]