With Ontario Premier Kathleen Wynne vowing to implement major reforms to political fundraising in Ontario, what has the pension and benefits industry been up to when it comes to donations to political parties? According to the Elections Ontario database of political donations, the Ontario Municipal Employees Retirement System (OMERS) and the Ontario Teachers Insurance Plan […]
As confirmed last week, the federal budget has restored the age of eligibility for old-age security to 65, a move some in the industry are questioning. The government proposed to cancel the provisions in the Old Age Security Act that increase the age of eligibility for old-age security and guaranteed income supplement benefits from 65 to 67 and […]
If employees don’t understand their dental benefits, they may pay unexpectedly out of pocket for their expenses. Worse, they could be vulnerable to fraudulent dental claims that contribute to rising insurance premiums. And with recent statistics showing insurance companies were paying at least $7 billion for Canadians’ dental care annually, employers have an interest in […]
The buzz of the millennial generation has barely died down, but companies are already looking at those who will follow them. What comes after Generation Y? Generation Z, a legion of young workers who have never known a world without the Internet, smartphones, Facebook, Snapchat and Twitter, will soon be entering the workforce. The exact […]
After a six-year legal battle, it’s finally time for the former employees of the bankrupt technology firm Nortel Networks to learn what to do with their pension payments. In May 2015, when a court decided the fate of the remaining Nortel assets, it also signalled a light at the end of the tunnel for Canadian pensioners who have seen their […]
Download the PDF to read more Morneau Shepell report calls for workplace mental health strategy Canadian employers face a significant challenge when it comes to managing the interplay between stress, mental health and absence. Physicians say depression is a top issue they see and report that depression, anxiety, and stress-related cases are on the rise. […]
During his three-year tenure as a financial analyst at one of Canada’s biggest banks, Devon Wright never once used his company health plan. “There was just nothing there that was of any interest to me,” says Wright, 28. So when Wright quit his job in 2012 to launch technology company Turnstyle Solutions, he decided to […]
New regulations and legislation around plan administration is changing the state of play for pension governance. It is no longer a nice to have; it’s mandatory. Without proper governance, plan administrators could face hefty fines or find themselves in hot water if they’re ever audited or sued. On Tuesday, some 1,800 lawyers gathered at the […]
Two-thirds (66%) of employees who took time off work for a mental health issue did not report it, according to a new survey by Morneau Shepell. The survey also found that 31% of employers said support for mental wellness in their organization has improved over the last two to three years, compared to 62% that […]
EY has launched a new health and well-being campaign for its 5,000 Canadian employees. The campaign – New Year, New You – focuses on a different topic each week, including physical, financial and mental well-being. In the first week of January, the focus was on physical well-being, including highlighting the company’s resources around nutrition, tips […]