BE Responsive Newsletter

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Is the single-employer DB pension plan dead or merely modernizing for the future?

Is the single-employer DB pension plan dead or merely modernizing for the future?
Some factors contributing to the slow demise of single-employer DB plans include: a complex legislative environment; an increasingly mobile workforce; and Bill 228, which provides super-priority to plan members when an employer goes bankrupt and is expected to worsen financial risks associated with operating DB plans.

Canadian employers investing in innovative wellness benefits to drive attraction, retention efforts: survey

Canadian employers investing in innovative wellness benefits to drive attraction, retention efforts: survey
More than half (59%) of employers said they've invested in employee discount programs, followed by budgeting and other financial wellness education and support (51%) and financial coaching (36%), according to a survey by Mercer.

Report finds 40% of U.S. employees working remotely at least one day a week

Report finds 40% of U.S. employees working remotely at least one day a week
The average number of days worked from home increased amid the coronavirus pandemic, from roughly 5% in 2019 to 25% in 2023, according to a new report by Stanford University.

Controversial super-priority pension bill receives royal assent

Controversial super-priority pension bill receives royal assent
FROM THE ARCHIVES: A controversial law giving super-priority to DB pension plan members during plan windups and insolvencies is coming into effect after receiving royal assent from Governor General Mary Simon.

Events

Ross Video supporting employee mental health with virtual health-care platform

Ross Video supporting employee mental health with virtual health-care platform
The platform allows employees and their dependants to connect with mental-health professionals in real time and fills a gap in local health-care services, says Ross Video’s Hannah Barkley.

Employees with disabilities experienced 21.4% pay gap in 2019: Stats Can

Employees with disabilities experienced 21.4% pay gap in 2019: Stats Can
In 2019, Canadians with disabilities earned an average annual income of $43,400, substantially lower than people without disabilities ($55,200), according to a new report from Statistics Canada.

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