Nova Scotia is increasing paid domestic violence leave from three to five days, effective April 1. The change aims to give employees more time to access essential medical, legal and social support services, according to a press release. Currently, employees with at least three months of service are eligible for up to 16 continuous weeks […]
An article on how remote working positively impacts employees 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. My take: Remote working may prove to be the great workplace equalizer 2. Canadian employers increasingly prioritizing inclusive benefits: survey […]
Nova Scotia says the first phase of its long-promised universal mental health-care program will begin this spring, with therapy costs covered by the province for people with anxiety and mood disorders. Brian Comer, minister of mental health and addictions, made the announcement Wednesday, saying that soon Nova Scotians will be able to self-refer to a […]
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 […]
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 […]
The Nova Scotia government is updating the provincial Pension Benefits Act to allow the unlocking of pension benefits. Effective April 1, 2025, plan members aged 55 and older will have a one-time ability to unlock up to 50 per cent of their locked-in funds when transferring to a life income fund. Read: Quebec’s amendment to […]
The Nova Scotia government is offering to pay up to $15,000 a year into a new retirement benefits program for doctors in hopes the public money will keep more physicians in the province. Premier Tim Houston announced the new program Wednesday, saying the annual contributions will be available to Nova Scotia’s roughly 3,000 doctors at […]
The Nova Scotia Pension Services Corp. — which administers the investment assets of the Public Service Superannuation Plan and the Teachers’ Pension Plan — reported an increase in net assets to $13.7 billion, a year-over-year increase of about $670 million, for the fiscal year ending March 31, 2024. The PSSP saw an investment return of 7.93 […]
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 […]
The government of Nova Scotia is introducing a new benefits and pension package for roughly 3,000 early childhood educators and support staff. All employees will be enrolled in the Colleges of Applied Arts and Technology’s DBplus pension plan. The province will fund employers to provide pension contributions retroactive to Jan. 1, 2024. The province will […]
aHR0cHM6Ly93d3cuYmVuZWZpdHNjYW5hZGEuY29tL3RhZy9ub3ZhLXNjb3RpYS8(U2NyZWVuSGVpZ2h0)NzIw(U2NyZWVuV2lkdGg)MTI4MA(T0ZTWVNfUmVmZXJyZXI)(dmlzaXRvcktleQ)QTMwZVpuVjI(dmlzaXRLZXk)WG4yM1VlTEY){kind=small}