BE Responsive Newsletter

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Employers increasingly aware of lifetime pension pools, but more work to be done: report

Employers increasingly aware of lifetime pension pools, but more work to be done: report
The main challenges in implementing lifetime pension pools include a lack of regulatory framework, a lack of efficient ways to communicate and disclose risk to members and no consensus on optimal pool design elements, according to a new report by SFU’s Barbara Sanders and Jean-François Bégin.

My Take: DEI in the workplace begins with re-thinking recruitment processes

My Take: DEI in the workplace begins with re-thinking recruitment processes
According to an update on the BlackNorth Initiative's website, the percentage of participating companies without any Black employees dropped from 17% to 6% in 2022 and Black representation among companies with more than 1,000 employees grew from roughly 2% to 4%.

Canada's 100 highest-paid CEOs earned 246-times more than average employee in 2022: report

Canada's 100 highest-paid CEOs earned 246-times more than average employee in 2022: report
In 2022, Canadian employees received an average pay raise of $1,800 — or 3% — but as average consumer prices went up by 6.8%, it was equivalent to a pay cut of almost 4%, according to a new report by the Canadian Centre for Policy Alternatives.

2022 DC Plan Summit: Tracing the roots of dynamic pension pools across history, geographies

2022 DC Plan Summit: Tracing the roots of dynamic pension pools across history, geographies
Dynamic pension pools can have a significant and positive impact on retirement outcomes if supported by appropriate legislative changes, said SFU’s Barbara Sanders, during Benefits Canada‘s 2022 DC Plan Summit.

December Issue

AI holds uncapped potential for pension plan sponsors' administration, communications: expert

AI holds uncapped potential for pension plan sponsors' administration, communications: expert
While pension plan sponsors are still in the early days of exploring how AI solutions could help automate maintenance tasks, they're exploring the various functionalities they can automate from a member service standpoint, says Linea Solutions’ Akio Tagawa.

Highest-cost drugs reimbursed by Canadian public plans in 2021/22 were rare disease treatments: report

Highest-cost drugs reimbursed by Canadian public plans in 2021/22 were rare disease treatments: report
Prescription drug expenditures for public drug plans increased by 6.8%, bringing annual spending to $13.2 billion, according to a new report by the PMPRB.

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