BE Responsive Newsletter

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

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.

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

83% of U.S. workers concerned increasing cost of living, inflation will make it harder to save for retirement: survey
Although nearly half (49%) of workers estimated they'll need $1.5 million or more to retire, a third currently have less than $50,000 in savings and investments and 14% have less than $1,000, according to a survey by the EBRI and Greenwald Research.

Canadian public pension plans' average funding ratio increased to 116% in 2023: report

Canadian public pension plans' average funding ratio increased to 116% in 2023: report
Institutional investors reported that, on average, 6% of their portfolios were allocated to private debt assets, up from 4% in 2022, while private equity stayed flat at 10% year-over-year, according to a new report by Coalition Greenwich.

New pension plan design offers U.S. public workers retirement benefits, regardless of length of service

New pension plan design offers U.S. public workers retirement benefits, regardless of length of service
The plan, which blends elements of DC and DB pension plans, focuses on providing employees with the target retirement income replacement ratio determined by the employer, according to a report by think tank the Reason Foundation.

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

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.

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

Mental-health claims by Canadians up 132% since pandemic: report
Among those accessing mental-health services, stress (14%), depression and anxiety (12% each) were the most commonly selected mental-health stressors, followed by family issues and relationship issues (7% each), according to a new report by GreenShield.

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