BE Responsive Newsletter

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Quebec court rules municipal sector pension law unconstitutional for retirees, justified for active members
The legislation, which was passed in 2014, adopted a cost-sharing formula for plans and plan deficits, established a shared-cost stabilization fund and put an end to automatic pension indexations.

ACPM urging Ontario to remove burdensome requirements from proposed target-benefit pension framework
In an open letter, the ACPM said the requirement to base the PfAD on a variable component based on Government of Canada long bond rates introduces short-term market volatility, resulting in a highly variable and potentially excessive PfAD.

Employees finding compensation, benefits, career advancement opportunities less satisfying: survey
More than two-fifths (43%) of employees said they feel satisfied with their current role and responsibilities, down from 44% in May, according to a survey by ADP Canada.

Ontario Teachers' appointing Bruce Crane as executive managing director, head of Asia-Pacific
Crane will lead investment activities and portfolio management across the Ontario Teachers' offices in Hong Kong, Mumbai and Singapore.

Question of the Week

What kind of impact has biosimilar switching policies had on group insurance plans — and what can we expect in the future?

Answer from Martin Bélanger, Managing Director, Payor Solutions, TELUS Health

Toyota Motor Manufacturing Canada providing employees, dependants with $10K in gender affirmation coverage
The additional coverage complements existing benefits that support transitioning employees, including prescription drug coverage for hormone therapy, mental-health coverage, disability insurance and medical leaves.

Ivanhoé Cambridge entering self storage partnership, Ontario Teachers' backing telecom tower acquisition
The Caisse's real estate arm is making its first investment in alternative industrial assets through a partnership with a self storage company and the Ontario Teachers' is backing a New Zealand telecommunications network's acquisition of mobile towers.

Canadian Institutional Investment Network