Latest news in Benefits Canada News

95% of workers see value in learning generative AI tools, despite job security concerns: report

While the vast majority (95 per cent) of workers said they appreciate the value of learning to use generative artificial intelligence tools, they’re unsure their…

  • By: Staff
  • August 23, 2024 August 22, 2024
  • 09:00

20% of U.S. workers aren’t currently saving for retirement: survey

A fifth (20 per cent) of U.S. workers aren’t currently saving for retirement, according to a new survey by Flexjobs. The survey, which polled more…

  • By: Staff
  • August 23, 2024 August 22, 2024
  • 09:00

PSP Investments’ Eduard van Gelderen stepping down from SVP, CIO role

Eduard van Gelderen, the Public Sector Pension Investment Board’s senior vice-president and chief investment officer, is stepping down after six years with the organization. Effective…

  • By: Staff
  • August 22, 2024 September 4, 2024
  • 15:00
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Survey finds U.S. employees’ average retirement savings decreases in 2024

The average amount that U.S. adults have saved for retirement dropped slightly from US$89,300 in 2023 to $88,400 in 2024 and more than $10,000 from its…

  • By: Staff
  • August 22, 2024 August 21, 2024
  • 09:00

Canadian pension funds recognized for governance, sustainability practices: report

Four of Canada’s largest pension funds have been ranked among the top 10 global pension funds for demonstrating best practices in governance, sustainability and resilience,…

  • By: Staff
  • August 21, 2024 August 21, 2024
  • 15:00

Concept of ‘MEI’ taking away from employers’ DEI efforts: expert

The concept of merit, excellence and intelligence — which is gaining traction in certain industries — can detract from the critical efforts employers are making…

CPPIB appointing Caitlin Gubbels as global head of private equity

The Canada Pension Plan Investment Board is appointing Caitlin Gubbels as senior managing director and global head of private equity. In this role, she’ll lead…

  • By: Staff
  • August 20, 2024 August 20, 2024
  • 15:00

CPPIB returns 8% in latest fiscal year, net assets increase to $632BN

The Canada Pension Plan Investment Board reported an eight per cent return in its fiscal year ending March 31, but significantly underperformed the 19.9 per cent…

Ontario Teachers’ appointing Mabel Wong as CFO

The Ontario Teachers’ Pension Plan is appointing Mabel Wong as its chief financial officer, effective immediately. She officially enters the role after serving as acting CFO following…

  • By: Staff
  • August 19, 2024 August 19, 2024
  • 15:00
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OMERS returns 4.4% for first half of 2024

The Ontario Municipal Employees’ Retirement System earned a net investment return of 4.4 per cent for the first six months of this year, helped by…

Employers gaining upper hand when negotiating pay, benefits with unions: expert

Over the past year, union negotiations have ramped up and wage settlements have reached new heights, mainly due to the fact that negotiations were set…

  • By: Sadie Janes
  • August 19, 2024 September 26, 2024
  • 09:00
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CPPIB invests $1.2BN in energy operator, considers €300M sale of debt portfolio in Spain

The Canada Pension Plan Investment Board is investing approximately $1.2 billion in energy infrastructure firm Tallgrass Energy. The Denver-based company manages more than 10,000 miles…

  • By: Staff
  • August 16, 2024 August 16, 2024
  • 14:00
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Top 5 HR, benefits, pension and investment stories of the week

An article on why Canadian workers say job flexibility is key to satisfaction was the most-read story on BenefitsCanada.com this past week. Here are the…

  • By: Staff
  • August 16, 2024 August 15, 2024
  • 09:00

Caisse returns 4.2% in first half of 2024, underperforming benchmark

The Caisse de dépôt et placement du Québec returned 4.2 per cent in the first half of 2024, underperforming its benchmark of 4.6 per cent.…

  • By: Staff
  • August 16, 2024 August 15, 2024
  • 09:00
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Ontario Teachers’ returns 4.2% for first half of 2024

The Ontario Teachers’ Pension Plan earned a net return of 4.2 per cent for the first six months of this year. The result came as the pension fund earned…

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CAP member outcomes continue to increase in Q2 2024: report

Capital accumulation plan members continued to see an uptick in their plan outcome for the second quarter of 2024, as gross income replacement ratios remained…

  • By: Staff
  • August 14, 2024 August 14, 2024
  • 15:00

Alberta officials advised against releasing CPP exit survey results: report

Alberta’s finance and treasury board warned against releasing the official results from a government survey evaluating the interest in a new potential pension plan, according…

  • By: Staff
  • August 14, 2024 August 16, 2024
  • 15:00

Federal judge rules Florida’s transgender health-care ban discriminates against state employees

A U.S. federal judge has ruled that Florida’s transgender health-care ban discriminates against state employees and violates their civil rights. Chief U.S. District Judge Mark…

Expert panel: The importance of employee feedback in shaping benefits plans

Most employers look to get feedback from their employees on a variety of topics that touch on the worker experience. Valuable information can be found…

Caisse, OMERS commit US$400M to emerging market energy transition debt

The Caisse de dépôt et placement du Québec and the Ontario Municipal Employees’ Retirement System are investing US$400 million in emerging market energy transition debt.…

  • By: Staff
  • August 13, 2024 August 13, 2024
  • 15:00

Canadian pension plans facing unexpected taxes in EU countries: PIAC

Canadian pension plans are facing unforeseen taxation of dividends in European Union countries like Germany and the Netherlands, said the Pension Investment Association of Canada.…

  • By: Staff
  • August 13, 2024 August 12, 2024
  • 09:00

Are AI’s energy demands impacting the appeal of data centres to institutional investors?

The demand for artificial intelligence is leading to increased energy usage by data centres and creating a link between the two assets, says Matthew Mendes,…

Only a quarter of Canadian employees say their employer offers summer perks: survey

Only a quarter (24 per cent) of Canadian employees say their employer offers seasonal perks during the summer, according to a new survey by ADP…

  • By: Staff
  • August 12, 2024 August 12, 2024
  • 15:00
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OMERS acquires Italian railway station operator, CPPIB selling office asset for US$264M

The Ontario Municipal Employees’ Retirement System’s infrastructure arm is partnering with an infrastructure investment fund managed and advised by DWS Group to acquire Italy-based Grandi…

  • By: Staff
  • August 12, 2024 August 9, 2024
  • 09:00

Alberta court certifies class action alleging Uber workers are employees

A pair of law firms say an Alberta court has certified a class action alleging Uber Technologies Inc. has so much control over drivers and…