pension – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Mon, 04 Nov 2024 20:00:35 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Navacord, Belay Advisory partnering to expand national presence https://www.benefitscanada.com/news/bencan/navacord-belay-advisory-partnering-to-expand-national-presence/ Fri, 14 Jul 2023 17:36:42 +0000 https://www.benefitscanada.com/?p=141094 Navacord Corp. is partnering with Belay Advisory, an Edmonton- and Calgary-based benefits consulting and wealth advisory firm. “We were drawn to Navacord because of their decentralized model that fosters strong entrepreneurial spirit, which has always been a cornerstone of our success at Belay,” said John Goode, a partner at Belay Advisory, in a press release. […]

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]]> StoneRidge Insurance Brokers acquiring benefits consultancy MultiCare Group https://www.benefitscanada.com/news/bencan/stoneridge-insurance-brokers-acquiring-benefits-consultancy-multicare-group/ Wed, 21 Sep 2022 19:00:44 +0000 https://www.benefitscanada.com/?p=127134 Ontario-based StoneRidge Insurance Brokers Corp. is acquiring employee benefits consultancy MultiCare Group. The acquisition will allow StoneRidge to provide a full range of insurance, risk advisory and benefits services to employer clients, according to a press release. Adam Lewis, president of MultiCare, will join StoneRidge and Scott Studley has been appointed executive vice-president of the company’s […]

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]]> CP, Teamsters agreement includes pension enhancements, increased benefits https://www.benefitscanada.com/pensions/retirement/cp-teamsters-agreement-includes-pension-enhancements-increased-benefits/ Fri, 19 Aug 2022 13:00:57 +0000 https://www.benefitscanada.com/?p=125770 The union representing roughly 3,000 Canadian Pacific Railway Ltd. employees across Canada has ratified a two-year collective agreement that includes pension enhancements and increased benefits. Read: Arconic, Unifor agreement protects workers’ DB pension plan The agreement will allow members of the Teamsters Canada Rail Conference to join CP Rail’s pension improvement accounts and includes a 3.5 per […]

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]]> Arconic, Unifor agreement protects workers’ DB pension plan https://www.benefitscanada.com/pensions/defined-benefit-pensions/arconic-unifor-agreement-protects-workers-db-pension-plan/ Wed, 10 Aug 2022 13:00:27 +0000 https://www.benefitscanada.com/?p=125295 The union representing more than 200 employees at Arconic Corp. in Lethbridge, Alta. has ratified a four-year collective agreement that protects the defined benefit pension plan currently in place. “Local 99 members showed great commitment to fairness in the face of [threats to] their pension plan,” said Justin Araki, Local 99 president, in a press […]

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]]> OAS increase an opportunity for employees to consider delaying retirement: expert https://www.benefitscanada.com/pensions/retirement/oas-increase-an-opportunity-for-employees-to-consider-delaying-retirement-expert/ Thu, 28 Jul 2022 13:00:49 +0000 https://www.benefitscanada.com/?p=124816 While old-age security has permanently increased by 10 per cent for seniors aged 75 and older, employees can maximize this benefit, along with their Canada Pension Plan benefit, by delaying retirement as long as possible, says Bonnie-Jeanne MacDonald, director of financial security research for the National Institute on Ageing at Toronto Metropolitan University. “People need […]

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]]> Ontario casinos, Unifor reach deals with improved pensions, benefits https://www.benefitscanada.com/benefits/health-benefits/ontario-casinos-unifor-reach-deals-with-improved-pensions-benefits/ Wed, 27 Apr 2022 13:00:29 +0000 https://www.benefitscanada.com/?p=120146 The union representing workers at three Ontario casinos has ratified a series of collective agreements that will provide improved pensions and health benefits for employees. Members of Unifor Local 444 at the Caesars Windsor ratified a three-year collective agreement that includes a one per cent enhancement to its defined contribution pension plan, as well as […]

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]]> United Way B.C., CUPE reach agreement to improve mental-health coverage https://www.benefitscanada.com/benefits/health-benefits/united-way-b-c-cupe-reach-agreement-to-improve-mental-health-coverage/ Fri, 22 Apr 2022 13:00:51 +0000 https://www.benefitscanada.com/?p=119896 The United Way British Columbia and the union representing the organization’s employees have reached an agreement to increase extended mental-health coverage. The coverage, which has been increased to a combined maximum of $1,200 per person annually, can be used to access psychologists, registered clinical counsellors, social workers and online cognitive behavioural therapists, according to a press […]

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]]> A look at the pandemic’s impact on pension plans in Canada’s travel, transportation sectors https://www.benefitscanada.com/archives_/benefits-canada-archive/a-look-at-the-pandemics-impact-on-pension-plans-in-canadas-travel-and-transportation-sectors/ Thu, 14 Apr 2022 12:57:35 +0000 https://www.benefitscanada.com/?p=119111 The economic impact of the pandemic has been unevenly distributed across various industries, with travel and transportation among the hardest-hit sectors. However, while travel restrictions and subsequent employee layoffs in these industries made headlines throughout 2020 and 2021, the pension plans provided by these employers have largely weathered any economic fallout. The impact on air […]

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]]> Top 5 HR, pension and benefits stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-pension-and-benefits-stories-of-the-week-24/ Fri, 25 Mar 2022 13:00:02 +0000 https://www.benefitscanada.com/?p=118754 A story on a pilot benefits plan program that provides plan members with access to traditional Indigenous medicines and services was the most read article over the past week on BenefitsCanada.com. Here are the five most popular news stories of the week: 1. First Nations community providing Indigenous wellness benefits to plan members 2. Just 52% of Canadians […]

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]]> Workers back on the job at noon after CP Rail and union agree to final arbitration https://www.benefitscanada.com/news/bencan/lockout-at-cp-rail-as-parties-negotiate-issues-including-wages-benefits-and-pensions/ Tue, 22 Mar 2022 11:30:17 +0000 https://www.benefitscanada.com/?p=118571 Canadian Pacific Railway Ltd. and the union representing 3,000 conductors, engineers and train and yard workers say they have agreed to final and binding arbitration to end a work stoppage. Workers will return to the job at noon local time Tuesday. In a statement issued early Tuesday morning, Teamsters Canada Rail Conference spokesperson Dave Fulton […]

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