Roughly 2,000 Unifor members at eight Ontario casinos have voted to strike if new pension and benefits agreements can’t be negotiated by midnight on July 22. The union is also seeking to increase in the amount of stable jobs by converting part-time or casual positions into full-time jobs, according to a press release. Read: Pensions, retirement security […]
Pension and retirement plan members in Saskatchewan can now designate beneficiaries through electronic means. The provincial government recently passed a series of amendments regarding the electronic handling of legal matters. Bill 56 specifically allows individuals to name beneficiaries electronically for certain types of plans including an employee pension, retirement, welfare or profit-sharing fund or plan, […]
The union representing employees at a Hitachi Construction Truck Manufacturing Ltd. plant in Guelph, Ont. has ratified an agreement that includes pension and benefits gains. Unifor Local 1917 Hitachi unit members voted 95 per cent in favour of the three-year collective agreement, which includes a $0.25 contribution increase to the defined benefit pension plan, from […]
Contract food services and custodial workers at Canada’s colleges and universities have less access to pensions and paid leave than their in-house colleagues, according to a new report by the Canadian Union of Public Employees. The report, which analyzed employment data from publicly funded post-secondary institutions, found only 23 per cent of contract food services employers […]
A story on the Toronto-Dominion Bank’s enhancement to its benefits offerings in 2022 with expanded family planning coverage took the top spot over the past week on BenefitsCanada.com. Here are the five most popular news stories of the week: 1. TD expanding fertility treatment coverage, bereavement policy 2. N.S. Pension Services Corp. appoints new CIO 3. 82% of Canadian workers think […]
Diversity, equity and inclusion is top of mind for many plan sponsors these days. And, while issues around retirement and pensions likely aren’t the key focus for employers looking to tackle DEI issues, they should be. This March, the Organisation for Economic Co-operation and Development released a study that found the pension gender gap, or the difference […]
Uber is giving its U.K. drivers the minimum wage, pensions and holiday pay, following a recent court ruling that said they should be classified as workers and entitled to such benefits. The ride hailing giant’s announcement March 16 comes after it lost an appeal last month at the U.K. Supreme Court following a yearslong court […]
Alberta’s public-sector pension plans are reassuring members that their pensions are safe, following a recent ministerial order enacted by the provincial government. The order was enacted in late December by Alberta Finance Minister Travis Toews after 2020 deadlines for investment management agreements between the pensions and the Alberta Investment Management Corp. passed with no result. […]
Pension plans move up to 100.2% from 98.7% in first quarter
Working longer could add $4.6 trillion to OECD economies: PwC