BE Responsive Newsletter

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N.B. transferring 5 public DB pension plans to shared-risk model

N.B. transferring 5 public DB pension plans to shared-risk model
The Pension Plan Sustainability and Transfer Act, which received royal assent in December, will impact more than 7,800 active members enrolled in five plans serving school board and nursing home employees and allow a further 2,500 part-time employees to join a plan, subject to eligibility.

Half of Canadian BIPOC employees feel uncomfortable or unwelcome at work: survey

Half of Canadian BIPOC employees feel uncomfortable or unwelcome at work: survey
BIPOC respondents were also twice as likely to feel their racial identity has held back their career growth compared to white managers (20% and 10%, respectively), according to a new survey by the Coalition of Innovation Leaders Against Racism.

Baby boomers are the happiest employees in the workplace: survey

Baby boomers are the happiest employees in the workplace: survey
Overall, the average national work happiness score increased to 6.9 points in January, up 0.1 point from December, according to a new survey by ADP Canada.

New Brunswick's shared-risk conversion faces a flurry of legal attacks

New Brunswick's shared-risk conversion faces a flurry of legal attacks
In 2016, Pension Coalition New Brunswick challenged the provincial government’s unilateral decision to convert its public sector DB plan to a target-benefit arrangement, also known as a shared-risk plan.

Events

Manulife, Loblaw deal to deliver specialty drugs sparks access, competition concerns

Manulife, Loblaw deal to deliver specialty drugs sparks access, competition concerns
The new arrangement, details of which were shared with plan holders earlier this month, affects around 260 medications under the insurance company's specialty drug care program.

Robinson Solutions, Unifor agreement includes pension, benefits gains

Robinson Solutions, Unifor agreement includes pension, benefits gains
The agreement includes enrolment in the CAAT’s DBplus pension plan with a 2% employer contribution, as well as two additional paid sick days, eye exams being covered up to $110 and paramedical coverage increasing from $500 to $550.

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