Latest news in Benefits Canada News

OMERS sells LifeLabs for $1.35BN, Ontario Teachers’ Venture Growth invests in Japanese HR software firm

The Ontario Municipal Employees’ Retirement System is selling LifeLabs Inc. in a deal worth roughly $1.35 billion to U.S.-based Quest Diagnostics. The transaction is expected…

  • By: Staff
  • July 5, 2024 July 5, 2024
  • 13:00

Unions welcoming equitable pension reform for frontline public safety, law enforcement workers

The federal government recently announced plans to introduce legislation in the fall expanding pension eligibility to frontline public safety and law enforcement workers in Canada.…

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83% of U.S. workers concerned increasing cost of living, inflation will make it harder to save for retirement: survey

A majority (83 per cent) of U.S. workers say they’re concerned the increasing cost of living will make it harder to save for retirement and…

  • By: Staff
  • July 5, 2024 July 4, 2024
  • 09:00
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Top 5 HR, benefits, pension and investment stories of the week

An article outlining the implications of a single-payer universal pharmacare system was the most-read story on BenefitsCanada.com this week. Here are the top five human resources,…

  • By: Staff
  • July 5, 2024 July 4, 2024
  • 09:00
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Canadian public pension plans’ average funding ratio increased to 116% in 2023: report

Canadian corporate pension funds reported an average funding ratio of 117 per cent, while public pension funds reported an average of 116 per cent, according…

  • By: Staff
  • July 4, 2024 July 4, 2024
  • 15:00

Half of Canadians plan to search for new job in second half of 2024: survey

Half (50 per cent) of Canadian employees say they’re planning to search for a new job in the second half of 2024, up from 41…

  • By: Staff
  • July 4, 2024 July 3, 2024
  • 09:00

Median solvency ratio of Canadian DB pension plans stays flat in Q2 2024: reports

The median solvency ratio of Canadian defined benefit pension plans remained flat in the second quarter of 2024, compared to the previous quarter, according to…

  • By: Staff
  • July 3, 2024 July 3, 2024
  • 15:00

How AI can help employers with reskilling, career development during uncertain times

Amid an uncertain job market and cost-of-living worries, employers can harness the benefits of artificial intelligence to help employees with reskilling and career development, says…

47% of Canadians have had an injury preventing them from functioning at work: survey

Nearly half (47 per cent) of Canadians say they’ve been injured in a way that impedes or has impeded them from being fully functional at…

  • By: Staff
  • July 3, 2024 July 3, 2024
  • 09:00

Canada’s missing navigation tool in the push to lower emissions

It would be possible to get around a city if there were no agreed-upon street names, but it would take longer, people would get lost…

U.S. workplace supplemental health product sales increase 3% to $1.3BN in Q1 2024: report

Sales of U.S. workplace supplemental health products totalled nearly US$1.3 billion in new annualized premiums in the first quarter of 2024 ― a three per cent…

  • By: Staff
  • July 2, 2024 June 28, 2024
  • 09:00
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BCI reports 7.5% annual return, assets grow to $250.4BN

The British Columbia Investment Management Corp. is reporting an annual return of 7.5 per cent, or $17.4 billion, as at March 31, 2024, up from 3.5…

  • By: Staff
  • June 28, 2024 June 28, 2024
  • 15:00
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Ontario Teachers’ backs Indian financial services operator, Caisse invests in business software provider

The Ontario Teachers’ Pension Plan is acquiring a minority stake in India-based financial institution Kogta Financial Ltd. through a Series E investment transaction worth US$148 million.…

  • By: Staff
  • June 28, 2024 June 27, 2024
  • 15:00

Top 5 HR, benefits, pension and investment stories of the week

An article on the benefits of tailoring an individual’s work schedule around their circadian rhythm and optimum times of productivity was the most-read story on BenefitsCanada.com…

  • By: Staff
  • June 28, 2024 June 27, 2024
  • 09:00

OPB marching in Toronto’s Pride Parade in support of LGBTQ2S+ employees, community

The Ontario Pension Board is displaying its support for its LGBTQ2S+ employees and, indeed, the wider community, as some of its workers proudly wave the…

Meet the 2024 Workplace Benefits Awards judges

With the 2024 Workplace Benefits Awards’ nomination process soon drawing to a close, Benefits Canada is pleased to announce this year’s panel of judges. The deadline for this…

  • By: Staff
  • June 28, 2024 June 28, 2024
  • 09:00

Mental-health claims by Canadians up 132% since pandemic: report

Mental-health claims by Canadians have increased by 132 per cent since the onset of the coronavirus pandemic, according to a new report by GreenShield. The report,…

  • By: Staff
  • June 27, 2024 June 27, 2024
  • 15:00

Mandating Canadian pension funds’ domestic investments could harm plan members: study

A potential federal mandate for Canadian pension funds to increase their domestic investments could end up harming the very people the pension system is set…

  • By: Staff
  • June 27, 2024 June 26, 2024
  • 09:00

Sounding Board: What plan sponsors should know about pharmacare

Plan sponsors worried about the expense and sustainability of their drug plan might initially embrace a pharmacare plan, hoping to shift drug costs to a…

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59% of Canadians with a workplace pension plan feel prepared for retirement: survey

Six in 10 (59 per cent) Canadians with an employer-sponsored pension plan say they feel somewhat or very well prepared for retirement, compared to only 34…

1Password’s Pride Month events highlighting intersectionality, community spirit

For Pride Month, 1Password is bringing employees together to highlight intersectionality through a host of initiatives, including a keynote presentation by Canada’s Drag Race‘s season one contestant,…

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Gender pay gap in Canada’s tech sector almost tripled between 2016 and 2021: report

The gender pay gap in Canada’s technology sector almost tripled between 2016 and 2021, amounting to the average salary of a woman in the industry…

Hunting for discounts and deals? Don’t forget to check perks through your workplace

Everyone loves a deal, but many Canadians either forget or don’t realize they can find discounts through their workplace. “There really are a lot [of…

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Three-quarters of Canadian employers offer or are keen to offer flexible benefits: survey

Three-quarters of Canadian organizations (and 67 per cent of global employers) either offer or are keen to offer benefits choice or flexible benefits, according to a…

  • By: Staff
  • June 25, 2024 June 24, 2024
  • 09:00

UN’s Net-Zero Asset Owner Alliance adopting intermediate targets

The United Nations’ Net-Zero Asset Owner Alliance — an association of financial organizations that includes the Caisse de dépôt et placement du Québec — is…