An article on the impact of U.S. President-elect Donald Trump’s tariff threats and Prime Minister Justin Trudeau’s resignation on financial markets 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. Financial markets resilient in wake of Trump tariffs threat, […]
Verizon Communications Inc. is facing a lawsuit by retirees alleging the organization breached its fiduciary duties and engaged in prohibited transactions when it completed a US$5.9 billion pension risk transfer to Prudential Insurance Co. of America nearly a year ago, according to a report by Investment News. The proposed class action lawsuit, filed in December […]
In the return-to-office push, employers that have been clear with their return policies will find better compliance from employees, says Janet Candido, founder and principal of Candido Consulting Group. A slew of companies have announced plans to return staff to working in office on a full- or part-time basis, some with little advance notice. Despite […]
Amazon.com is facing a lawsuit that claims the company violated U.S. federal law by using nearly US$350 million in forfeited 401(k) funds to offset the company’s own contributions rather than to reduce administrative fees for plan participants, according to a report by Reuters. In December, Cory Curtis, an employee of the online retail company, filed a […]
An article on the issues that Canadian pension plan sponsors are considering in 2025 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. Expert panel: Regulatory guidelines, geopolitical risk impacting pension plan sponsors in 2025 2. Lawsuit alleges feds prevented […]
From the unlocking of pension benefits in Nova Scotia to new pay transparency rules in Ontario, stories about pension and employment legislation caught the eyes of Benefits Canada’s readers in 2024. In addition, a pair of articles on the rollout of new glucagon-like peptide-1 receptor agonist medications in Canada were also popular with readers. Here […]
In an increasingly polarized world, discussing politics in the workplace can be harmful to employees and negatively impact company culture, says Jasmine Escalera, a career expert with MyPerfectResume.com. Indeed, a recent survey by the career website found a majority (89 per cent) of employees believe employers should limit or discourage political discussions. The survey, which polled more […]
The federal government’s recent decision to transfer a $1.9 billion surplus from the Public Service Pension Plan to its general revenue is within its purview, says Mitch Frazer, a pension lawyer and managing partner at Mintz, Levin, Cohn, Ferris, Glovsky and Popeo. “[This situation is] slightly different because this plan is made by a statute and, […]
While Canadian privacy laws allow employers to track employees in a remote or hybrid working arrangement, this surveillance must be related to their job. “Employers have a proper and reasonable right to supervise their employees and ensure they’re doing their jobs and doing them safely,” says David Young, principal at David Young Law. “The flip […]
A recent Quebec Superior Court decision has unleashed uncertainty over the liabilities of companies and their directors when a pension deficit appears in the context of a reorganization. The court authorized a group of defined benefit pension plan members to proceed with a $65 million class action against companies involved in a 2011 reorganization. The […]