BE Responsive Newsletter

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University Pension Plan's assets declined 9.1% in 2022, led by public equities

University Pension Plan's assets declined 9.1% in 2022, led by public equities
During the year, the jointly sponsored DB pension plan's assets declined from $11.8 billion to $10.8 billion. The plan finished the year with a solvency ratio of 103.3%, down from 111% at the end of 2021.

How different types of pension plans impact employee recruitment, retention

How different types of pension plans impact employee recruitment, retention
When Alaska switched its public education employees from two DB pension plans to a 401(k)-style DC plan, more staff left their positions, according to a new report by the National Institute on Retirement Security.

70% of global employers seeing ROI on employee well-being programs: survey

70% of global employers seeing ROI on employee well-being programs: survey
In terms of their No. 1 well-being issues, employers ranked support for employees’ mental-health concerns (56%), stress management (49%) and providing health-risk assessments (41%), according to a new survey by Virgin Group.

2023 DC Plan Summit: How PepsiCo Canada is making its savings plan more flexible

2023 DC Plan Summit: How PepsiCo Canada is making its savings plan more flexible
Introduced in early 2022, PepsiCo’s enhanced DC plan allows employees to make optional contributions to either the DC plan, group RRSP or group TFSA. The flexibility allows employees to save for a variety of purposes, said PepsiCo’s Jaye Calder, during a session at Benefits Canada’s 2023 DC Plan Summit.

Canadian Institutional Investment Network

Google, Salesforce applying different tactics to coax workers back to office

Google, Salesforce applying different tactics to coax workers back to office
In an internal email, Google said it would consider office attendance when reviewing employees who don’t come into the office a minimum of three days per week, according to a report by Fortune.

Survey finds 60% of employees say they'd leave current job for one with more inclusive benefits

Survey finds 60% of employees say they'd leave current job for one with more inclusive benefits
Two-fifths (40%) of workers said they’d consider leaving their job for benefits that are more inclusive of their colleagues’ diverse needs, a percentage that rises to 60% among respondents aged 30 and younger, according to a new survey by Medavie Blue Cross.

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