pension legislation – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Mon, 15 Jul 2024 20:34:28 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/benefits/health-benefits/top-5-hr-benefits-pension-and-investment-stories-of-the-week-90/ Fri, 12 Jul 2024 13:00:18 +0000 https://www.benefitscanada.com/?p=158072 A story on how group insurers can help plan sponsors provide adequate coverage and ensure appropriate use of treatments for rare diseases was the most-read article on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Sounding Board: How employers can mitigate cost of […]

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]]> Blair Morrison retiring from BCFSA https://www.benefitscanada.com/notice/appointment-notice/blair-morrison-retiring-from-bcfsa/ Tue, 09 Jul 2024 13:00:43 +0000 https://www.benefitscanada.com/?p=157908 Blair Morrison, chief executive officer and chief statutory officer of the British Columbia Financial Services Authority, is retiring in early 2025 after more than five years in his current role. During his time as CEO, Morrison steered the regulatory agency through a number of significant events, such as its establishment as a crown agency in […]

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]]> Unions welcoming equitable pension reform for frontline public safety, law enforcement workers https://www.benefitscanada.com/pensions/retirement/unions-welcoming-equitable-pension-reform-for-frontline-workers/ Fri, 05 Jul 2024 13:00:41 +0000 https://www.benefitscanada.com/?p=157816 The federal government recently announced plans to introduce legislation in the fall expanding pension eligibility to frontline public safety and law enforcement workers in Canada. The legislation is welcomed by the Public Service Alliance of Canada and the Customs and Immigration Union after they’ve advocated for more than a decade for equitable retirement benefits for […]

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]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-88/ Fri, 28 Jun 2024 13:00:38 +0000 https://www.benefitscanada.com/?p=157562 An article on the benefits of tailoring an individual’s work schedule around their circadian rhythm and optimum times of productivity 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 ‘Chronoworking’ is helping boost employee productivity, recruitment 2. FSRA releases final […]

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]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-86/ Fri, 14 Jun 2024 13:00:22 +0000 https://www.benefitscanada.com/?p=156970 An article detailing a stark increase in the use of obesity medications among Canadian employer-sponsored benefits plan members was the most-read article on BenefitsCanada.com this week. Here are the top five human resources, benefits, pension and investment stories of the past week: 1. Claims for obesity drugs increased 42% in 2023, 92% since 2020: report 2. How […]

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]]> 2024 Global Investment Conference: Comparing clean energy landscapes across North America and Europe https://www.benefitscanada.com/canadian-investment-review/post-event-coverage/2024-global-investment-conference-comparing-clean-energy-landscapes-across-north-america-and-europe/ Mon, 10 Jun 2024 11:57:39 +0000 https://www.benefitscanada.com/?p=155486 To reach 2050 net-zero targets, investment volume in U.S. and European clean power markets has to be scaled on an annualized basis from now until 2030, said Daniel Sausmikat, partner of origination and execution at InfraRed Capital Partners, during the Canadian Investment Review‘s 2024 Global Investment Conference held in April. However, progress isn’t going to […]

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]]> FSRA outlines final guidance on retroactive adverse amendments https://www.benefitscanada.com/pensions/governance-law/fsra-outlines-final-guidance-on-retroactive-adverse-amendments/ Wed, 05 Jun 2024 13:00:28 +0000 https://www.benefitscanada.com/?p=156539 In its newest guidance, the Financial Services Regulatory Authority of Ontario is barring pension plan administrators from registering retroactive adverse amendments that could have a negative impact on plan members or beneficiaries, such as changes in contribution rates, subject to limited exceptions. “What we found coming out of the [coronavirus] pandemic, . . . there was […]

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]]> CPPIB generates net return of 8% as of Q1 2024, net assets increase to $632.3BN https://www.benefitscanada.com/news/cppib-generates-net-return-of-8-as-of-q1-2024-net-assets-increase-to-632-3bn/ Thu, 23 May 2024 15:00:36 +0000 https://www.benefitscanada.com/?p=155986 The Canada Pension Plan Investment Board earned an eight per cent return last year but significantly underperformed the 19.9 per cent return of its reference portfolio. The lower return can be explained in part by higher volatility in the stock-focused benchmark portfolio compared with the diversified, long-term return focus for the pension fund, says John Graham, the […]

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]]> More work to be done on feds’ plan to encourage domestic pension investments: lawyers https://www.benefitscanada.com/canadian-investment-review/alts/more-work-to-be-done-on-feds-plan-to-encourage-domestic-pension-investments-lawyers/ Thu, 23 May 2024 13:00:16 +0000 https://www.benefitscanada.com/?p=155907 The federal government’s promise to encourage Canadian institutional investors to invest more domestically is taking shape with two key initiatives found in the 2024 budget. The first involves the creation of a working group led by Stephen Poloz, former Governor of the Bank of Canada, to explore domestic opportunities for Canadian institutional investors in various […]

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]]> Saskatchewan arbitrator sides with Canadian Blood Services in pension contributions case https://www.benefitscanada.com/pensions/pension-communication/saskatchewan-arbitrator-sides-with-canadian-blood-services-in-pension-contributions-case/ Thu, 16 May 2024 13:00:09 +0000 https://www.benefitscanada.com/?p=155627 A Saskatchewan arbitrator has ruled that Canadian Blood Services doesn’t owe an employee eight years of retroactive pension contributions because it took the proper steps to fix its failure to provide her with enrolment forms within the appropriate time limits. “The decision recognizes that mistakes happen in administering pension plans and that administrators can take […]

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