Benefits Canada News – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 29 Nov 2024 20:31:34 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 CPPIB investing $1 billion in Korea data centres, Ontario Teachers’ buys Paris-based logistics portfolio https://www.benefitscanada.com/canadian-investment-review/alts/cppib-investing-1-billion-in-korea-data-centres-ontario-teachers-buys-paris-based-logistics-portfolio/ Fri, 29 Nov 2024 19:00:38 +0000 https://www.benefitscanada.com/?p=163332 The Canada Pension Plan Investment Board is investing $1 billion in Korea-based data centres through its joint venture with the Pacific Asset Management Co. “The demand for data centres in [the Asia-Pacific region] has been on the rise, driven by the continued need for cloud computing and the increasing global adoption of artificial intelligence,” said […]

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]]> Canadian pension income adding $24.5BN to federal coffers in 2025: report https://www.benefitscanada.com/canadian-investment-review/db-investments/canadian-pension-income-adding-24-5bn-to-federal-coffers-in-2025-report/ Fri, 29 Nov 2024 14:00:43 +0000 https://www.benefitscanada.com/?p=163372 Workplace pension income will add $24.5 billion to federal coffers and $16.8 billion to the provinces in 2025, according to a new report by the Canadian Centre for Policy Alternatives. It found pension income for seniors across Canada is adding $16.9 billion in additional income tax revenue and $2.3 billion in commodity tax revenue, while […]

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]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-110/ Fri, 29 Nov 2024 14:00:20 +0000 https://www.benefitscanada.com/?p=163376 An article on employees’ views of employer-sponsored benefits plans 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. Survey finds seven in 10 Canadian workers dissatisfied with their employer’s benefits plan 2. Claims for obesity, diabetes medications up in 2023: […]

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]]> UAP supporting financial wellness with retirement toolkit https://www.benefitscanada.com/benefits/health-wellness/uap-supporting-financial-wellness-with-retirement-toolkit/ Fri, 29 Nov 2024 14:00:20 +0000 https://www.benefitscanada.com/?p=163378 UAP Inc. is supporting employees’ financial wellness and retirement readiness with a new retirement toolkit. The toolkit, which launched this week, explains the company’s retirement savings plans and additional post-employment income sources such as Canada and Quebec Pension Plan benefits, as well as information on adjusting to life in retirement. It also includes resources for […]

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]]> Employer-sponsored pension plans supporting increased employee productivity: survey https://www.benefitscanada.com/pensions/retirement/employer-sponsored-pension-plans-supporting-increased-employee-productivity-survey/ Thu, 28 Nov 2024 20:00:06 +0000 https://www.benefitscanada.com/?p=163374 While nine in 10 (85 per cent) employers that reported decreased employee productivity over the past year cited burnout as a major problem, investing in retirement benefits appears to have a positive impact on these issues, according to a new survey by the Angus Reid Group on behalf of the Healthcare of Ontario Pension Plan. […]

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]]> Average funded status of Ontario DB pension plans at 121% in Q3 2024: report https://www.benefitscanada.com/pensions/defined-benefit-pensions/average-funded-status-of-ontario-db-pension-plans-at-121-in-q3-2024-report/ Thu, 28 Nov 2024 14:00:41 +0000 https://www.benefitscanada.com/?p=163302 The average funded position of defined benefit pension plans in Ontario was 121 per cent in the third quarter of 2024, down just two per cent from the previous quarter, according to a new report by the Financial Services Regulatory Authority of Ontario. It attributed this decrease to a drop in discount rates from the previous […]

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]]> Joey Restaurants promoting skills, career development through internal education program https://www.benefitscanada.com/news/bencan/joey-restaurants-promoting-skills-career-development-through-internal-education-program/ Thu, 28 Nov 2024 14:00:24 +0000 https://www.benefitscanada.com/?p=163313 Joey Restaurant Group is using an internal educational program to teach employees the soft skills of leadership and assist in their career development. By focusing on two specialized streams — hospitality and culinary arts, and leadership and business management — the company has been able to identify talent at early stages and offer tailored, accelerated courses […]

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]]> Caisse appointing Sharon White as managing director, head of Europe https://www.benefitscanada.com/notice/appointment-notice/caisse-appointing-sharon-white-as-managing-director-head-of-europe/ Wed, 27 Nov 2024 20:00:09 +0000 https://www.benefitscanada.com/?p=163270 The Caisse de dépôt et placement du Québec is appointing Sharon White as managing director and head of Europe, effective Jan. 27, 2025. In her new role, White will work closely with asset class leaders based in Europe and Montreal to contribute towards the vision and strategy of the Caisse, according to a press release. […]

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]]> 85% of Canadians believe employee well-being is a human right: survey https://www.benefitscanada.com/benefits/health-wellness/85-of-canadians-believe-employee-well-being-is-a-human-right-survey/ Wed, 27 Nov 2024 14:00:49 +0000 https://www.benefitscanada.com/?p=162513 Eight in 10 (85 per cent) Canadians feel employee well-being is a human right, according to a new survey by First Onsite Property Restoration. “People don’t want to just be a number,” says Leah Pearson, the organization’s senior director of human resources. “We spend more hours with our work family than we do at home, so […]

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]]> More clarity, flexibility needed in solvency reserve accounts for federally regulated DB pension plans: ACPM https://www.benefitscanada.com/pensions/governance-law/more-clarity-flexibility-needed-in-solvency-reserve-accounts-for-federally-regulated-db-pension-plans-acpm/ Wed, 27 Nov 2024 14:00:15 +0000 https://www.benefitscanada.com/?p=163261 An amendment to the federal Pension Benefit Standards Regulations that would establish solvency reserve accounts for federally regulated defined benefit pension plans requires additional clarity and flexibility for plan sponsors, said the Association of Canadian Pension Management. In an open letter to the Department of Finance, the organization said that the establishment of a solvency […]

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