An article on how a national drug pooling program would impact employer-sponsored benefits plans was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. How would a national drug pooling program impact employer-sponsored benefits plans? 2. Leadership changes at the AIMCo […]
The swift removal of the chief executive officer, three executives and the 11-person board at the Alberta Investment Management Corp. is a dramatic move that raises red flags about the influence of Alberta’s provincial government, says Anthony Guindon, a partner at Koskie Minsky LLP. “We don’t entirely know at this stage but it makes one […]
An article on incoming changes to Nova Scotia’s provincial Pension Benefits Act was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Nova Scotia to allow unlocking of pension benefits 2. Alberta government fires AIMCo CEO, board, citing rising costs and poor […]
Alberta’s finance minister has sacked the chief executive officer and entire board of directors of the Alberta Investment Management Corp., the Crown corporation that manages pension and other funds for the province and handles more than $160 billion in assets. Finance Minister Nate Horner said in a statement Thursday that the changes at the AIMCo are due […]
Alberta’s finance and treasury board warned against releasing the official results from a government survey evaluating the interest in a new potential pension plan, according to a report by the Edmonton Journal. The survey, launched on Sept. 21, 2023, coincided with the release of a report by LifeWorks Inc. (now part of Telus Health) that argued […]
The Medicus Pension Plan, a defined benefit multi-employer pension plan designed exclusively for incorporated physicians in Canada, reported a funded status of 158 per cent on a going-concern basis and a 115 per cent funded status on a solvency basis as of Jan. 1, 2024. The plan, which launched in May 2023, is designed to […]
In an open letter, John Graham, president and chief executive officer at the Canada Pension Plan Investment Board, defended the the investment organization’s current exposure to domestic markets. Canadian pension funds have recently faced criticism from business leaders about what they deemed an apparent lack of support and a preference for global investment opportunities. Graham […]
Hundreds of Albertans turned out for a meeting in Edmonton last week to hear officials from the Canada Pension Plan Investment Board discuss the state of the national retirement plan, while acknowledging Alberta’s ongoing discussion about leaving it, according to reporting by the Edmonton Journal. The meeting attracted a crowd of about 400 people, during […]
Ontario civil servants are questioning the methodology used in a report that determined how much money Alberta could extract from the Canada Pension Plan if the province were to leave the CPP and launch its own plan, according to reporting by the Edmonton Journal. In a series of briefs, the Ontario Ministry of Finance outlined several inconsistencies […]
An article on the Canada Post Corp. pension plan’s 2022 results was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Canada Post pension plan down 6.7% in 2022 2. Survey finds employees seeking more control over workday through flexible hours, remote working 3. Fidelity supporting young […]