After reaching new highs at the end of 2024, capital accumulation plan member outcomes have seen significant impacts following the inauguration of U.S. President Donald Trump and subsequent tariffs on Canadian imports, according to a new report by Eckler Ltd. The consultancy’s latest CAP income tracker found a typical male member retiring at the end of […]
Flexible retirement savings plans and employer matching can potentially provide lower-income workers with earlier retirement options despite the rising cost of living, according to a new report by Mercer. The report analyzed two scenarios for workers earning $50,000 with workplace retirement plans that include employer matching. Read: Employer matching key to supporting young workers’ retirement […]
More than half of U.S. pension plan sponsors say economic conditions like interest rate and market volatility (58 per cent) as well as demographic changes (57 per cent) are the market forces most likely to influence the evolution of employer-sponsored retirement plans, according to a new survey by MetLife Inc. The survey, which polled more […]
Three-quarters (76 per cent) of Canadian capital accumulation plan sponsors say employees’ financial resilience and retirement readiness are the main reasons they’re modernizing their plan, up from 41 per cent in 2020, according to a new survey by WTW. The survey, which polled more than 150 Canadian employers, found two-thirds (64 per cent) are also […]
Social media is breathing new life into employers’ pension communications, helping to make the benefit resonate with different audiences and offering organizations a far wider footprint than traditional channels. In some ways, the coronavirus pandemic was one of the key drivers of increasing the use of social media in workplace communications, says Jeff Pekar, director […]
Nearly two-thirds (60 per cent) of employees say commuting expenses are the most crucial costs to have subsidized by employers, according to a new survey by Robert Walters Canada. The survey, which polled 2,500 white-collar workers in Canada, found a similar percentage (60 per cent) prioritized this benefit over tech equipment, food and health or […]
Roughly two-thirds (64 per cent) of Canadian employees say they want a higher salary for their position, according to a new survey by Robert Half Canada Inc. The survey, which polled 1,500 professionals, found nearly all (92 per cent) were also concerned that inflation is going to outpace any salary increases. Indeed, David Bolton, a […]
More than half (58 per cent) of Canadian workers aged 40 to 60 say financial stress is their No. 1 worry, according to a new survey by the Healthcare of Ontario Pension Plan. The survey, which polled 2,800 full-time employees, found six in 10 (60 per cent) respondents said they thought about their current financial […]
Advocacy on the federal government’s pharmacare program will continue to be a core focus for the Benefits Alliance in 2025, says Carolyne Eagan, the association’s president. As each province is determining how or whether they’ll accept the government-sponsored program, she says the association plans to continue its grassroots campaign to engage with Canadian plan sponsors […]
The previous year was an interesting one in the world of employee benefits plans. Over the previous 12 months, employers have navigated the explosion of claims for glucagon-like peptide-1 receptor agonist medications like Ozempic, some forward momentum on national pharmacare and some employers changed their approach to diversity, equity and inclusion policies. Here are five […]
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