BE Responsive Newsletter

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Sustainable investments key for York University’s endowment fund
FROM THE MAGAZINE: Arijit Banik, who's responsible for overseeing the university’s endowment fund, wants to go beyond simply investing in wind and solar energies to tick a box.

OSFI's draft pension cybersecurity standard may lead to duplication, increased risk: ACPM
While financial institutions’ systems are critical to the functioning of the Canadian economy and are responsible for market infrastructure and liquidity across the country, an open letter from the ACPM said pension plans’ cybersecurity risks are much narrower since they’re focused on beneficiaries and the plans themselves with limited knock-on effects.

Half of European employers say employees complying with in-person work policies: survey
A third (36%) of European employers said their work model matches employee preferences, while 43% said their employees prefer remote or hybrid work to a greater extent than what their organization provides, according to a new survey by Littler Mendelson.

Survey finds 76% of U.S. employees concerned about ability to save for retirement
Nearly all (91%) U.S. employers believe they offer competitive retirement packages, while 61% of employees believe they could find a better package with a different employer, according to a new survey by Gallagher.

Careers

President & Chief Executive Officer

Vestcor is one of Canada’s leading investment management and pension and employee benefits administration services organizations. Due to a planned retirement, Vestcor is seeking an experienced executive to join as its next President & Chief Executive Officer. Reporting directly to the Board of Directors, the new CEO is responsible for providing the strategic direction, risk and opportunities management and leadership necessary to ensure the efficient, effective, and sustainable operation of Vestcor Inc.

CPP maximum pensionable earnings increasing to $68,500 in 2024
Starting in 2024, the CRA will implement a higher, second earnings ceiling of $73,200, which will be used to determine additional CPP contributions, according to a notice on the CRA website.

TD Synnex modernizing benefits plan, supporting plan members' mental health
Flexibility — in terms of where and how employees work as well as the benefits plan’s offerings — was also a key consideration in the plan’s design, said TD Synnex's Shana Kapustin, speaking during an event hosted last week by the GIPC.

People Watch

Visit People Watch Page for more.

Conferences

Visit Conferences for more.

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