News – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Thu, 25 Apr 2024 14:34:58 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Young Canadian employees have lowest levels of well-being: report https://www.benefitscanada.com/benefits/health-wellness/young-canadian-employees-have-lowest-levels-of-well-being-report/ Thu, 25 Apr 2024 13:00:28 +0000 https://www.benefitscanada.com/?p=154516 Among working generations of Canadians, employees aged 20 to 29 have the lowest general well-being, reporting a score of 46.9 out of 100, according to a new report by Dialogue Health Technologies Inc. The report analyzed data from 6,400 Canadians and uncovered insights across five dimensions of well-being: mood, stress, sleep, activeness and sense of […]

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]]> 73% of OPB plan members want ESG considerations included in investment decisions: survey https://www.benefitscanada.com/canadian-investment-review/research-markets/73-of-opb-plan-members-want-esg-considerations-included-in-investment-decisions-survey/ Thu, 25 Apr 2024 13:00:08 +0000 https://www.benefitscanada.com/?p=154515 Roughly seven in 10 (73 per cent) Ontario Pension Board plan members believe environmental, social and governance factors should play a critical role in the plan’s investment considerations, according to a new survey included in the investment organization’s inaugural ESG report. The survey, which polled roughly 10,000 plan members, found nearly two-fifths (39 per cent) of […]

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]]> Ontario to do away with sick note requirement for short absences https://www.benefitscanada.com/benefits/health-wellness/ontario-to-do-away-with-sick-note-requirement-for-short-absences/ Wed, 24 Apr 2024 19:00:48 +0000 https://www.benefitscanada.com/?p=154638 Ontario will do away with sick note requirements for short absences as part of a larger effort to ease the administrative burden on doctors. The province will soon introduce legislation that, if passed, will no longer allow employers to require a sick note from a doctor for the provincially protected three days of sick leave […]

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]]> Ontario court sides with IBM in pension benefits rectification case https://www.benefitscanada.com/pensions/governance-law/ontario-court-sides-with-ibm-in-pension-benefits-rectification-case/ Wed, 24 Apr 2024 13:00:25 +0000 https://www.benefitscanada.com/?p=154599 An Ontario Superior Court ruling that allowed IBM Canada Ltd. to retrospectively rectify drafting errors that created unintended additional pension benefits for employees on disability leave augurs well for plan sponsors seeking similar relief going forward. “The case clarifies that there is a specific test for rectification of pension plans and other unilateral instruments, which […]

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]]> Diabetes medications remain leading drug category for eligible claims in 2023: report https://www.benefitscanada.com/benefits/health-benefits/diabetes-medications-remain-leading-drug-category-for-eligible-claims-in-2023-report/ Wed, 24 Apr 2024 13:00:23 +0000 https://www.benefitscanada.com/?p=154574 In 2023, diabetes medications remained the leading drug category for eligible private insurance claims for the second consecutive year, according to Telus Health’s annual drug trends report. The report, based on claims data from more than 15 million plan members in 2023, found the growing prevalence of diabetes, along with expanded heart failure treatment indications and […]

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]]> WISE Trust returns 7.9% in 2023, net assets increase to $4 billion https://www.benefitscanada.com/canadian-investment-review/db-investments/wise-trust-returns-7-9-in-2023-net-assets-increase-to-4-billion/ Tue, 23 Apr 2024 19:00:50 +0000 https://www.benefitscanada.com/?p=154567 The Workplace Insurance and Safety Employees Trust generated a net return of 7.9 per cent in 2023, with net assets reaching $4 billion, up from $3.8 billion in 2022, according to its latest report. In a press release, Christopher Brown, WISE Trust’s chief executive officer, said the results are a testament to its partnership with […]

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]]> 43% of U.S. workers would rather get a divorce than return to office: survey https://www.benefitscanada.com/benefits/health-wellness/43-of-u-s-workers-would-rather-get-a-divorce-than-return-to-office-survey/ Tue, 23 Apr 2024 19:00:31 +0000 https://www.benefitscanada.com/?p=154558 Two-fifths (43 per cent) of U.S. employees say they’re more afraid of working in an office full time than of losing their romantic relationship or getting a divorce, according to a new survey by LiveCareer. The survey, which polled more than 3,800 employees, also found many workers are more fearful of the prospect of full-time […]

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]]> Expert panel: How institutional investors are adapting to a post-pandemic global economy https://www.benefitscanada.com/canadian-investment-review/alts/expert-panel-how-institutional-investors-are-adapting-to-a-post-pandemic-global-economy/ Tue, 23 Apr 2024 13:00:12 +0000 https://www.benefitscanada.com/?p=154441 Renowned American businessman and investor Charlie Munger once said, “You have to keep learning if you want to become a great investor. When the world changes you must change.” The world has changed and institutional investors will need to have a plan and be ready to face new challenges. The 30 years prior to the […]

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]]> Average funded ratio of Canadian DB pension plans up 7% in Q1 2024: report https://www.benefitscanada.com/pensions/defined-benefit-pensions/average-funded-ratio-of-canadian-db-pension-plans-up-7-in-q1-2024-reports/ Tue, 23 Apr 2024 13:00:03 +0000 https://www.benefitscanada.com/?p=154482 The funded ratio of the average Canadian defined benefit pension plan, excluding the effect of asset smoothing, reached 124 per cent as at March 31, 2024, up seven per cent from the fourth quarter of 2023, according to a new report by Normandin Beaudry. It found the average solvency ratio of Canadian pension plans was […]

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]]> AIMCo returns 6.9% in 2023, driven by equities, fixed income https://www.benefitscanada.com/canadian-investment-review/research-markets/aimco-returns-6-9-in-2023-driven-by-equities-fixed-income/ Mon, 22 Apr 2024 19:00:11 +0000 https://www.benefitscanada.com/?p=154526 The Alberta Investment Management Corp.’s total fund generated a net return of 6.9 per cent in 2023, 1.8 percentage points below its 8.7 per cent benchmark. As of Dec. 31, 2023, the AIMCo’s total assets under management were $160.6 billion, compared  to $158 billion in 2022. Its balanced fund generated a net return of eight per […]

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