The Alberta Investment Management Corp. is closing its offices in New York City and Singapore. In an emailed statement to Benefits Canada, AIMCo spokesperson Carolyn Quick confirmed the office closures as “part of a strategic realignment of resources to better serve our clients.” Read: AIMCo opening first Asia office in Singapore, remains leery of China […]
The Alberta Pension Services Corp. is appointing Javier Lozano as vice-president of information services and technology, effective Feb. 3, 2025. Lozano has more than two decades of leadership experience in technology and previously served as vice-president of technology and innovation at East Coast Credit Union and vice-president of technology at Northern Savings Credit Union. Read: […]
Changes to Alberta’s Occupational Health and Safety Code are simplifying workplace violence and harassment prevention requirements for employers, says Cristina Wendel, an Edmonton-based employment lawyer at Dentons Canada LLP. The amendments, which take effect March 31, include a requirement for employers to develop and implement a consolidated violence and harassment prevention plan. The plan must […]
While it doesn’t contain an exact figure, the federal government’s official rebuttal to a 2023 report — which argued Alberta is entitled to more than half the assets of the Canada Pension Plan — provides a roadmap in the event the province exits the CPP, says Sebastien Betermier, associate professor of finance at the Desautels […]
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 […]
aHR0cHM6Ly93d3cuYmVuZWZpdHNjYW5hZGEuY29tL3RhZy9hbGJlcnRhLw(U2NyZWVuSGVpZ2h0)NzIw(U2NyZWVuV2lkdGg)MTI4MA(T0ZTWVNfUmVmZXJyZXI)(dmlzaXRvcktleQ)U05RZXdXa3o(dmlzaXRLZXk)ZDVJdkFLdnI){kind=small}