The Caisse de dépôt et placement du Québec is aiming to more than double the size of the assets it entrusts to Quebec external managers to as much as $8 billion by 2028. The decision is part of an overall goal of reaching $100 billion in Quebec-based investments by 2026, according to a press release. The Caisse renewed […]
The Quebec Court of Appeal has ruled the province’s Bill 15, which substantially modified municipal sector pension plans, is unconstitutional with respect to retirees but justified for active plan members. The legislation, which was passed in 2014, adopted a cost-sharing formula for plans and plan deficits, established a shared-cost stabilization fund and put an end […]
The Caisse de dépôt et placement du Québec is investing $125 million in a Quebec-based software developer best known for products supporting digital workplaces. The investment in GSoft Inc. follows the company’s launch of two digital software suites aimed at supporting work-from-home business models. ShareGate aims to improve information technology services and Officevibe seeks to […]
The Association of Canadian Pension Management is urging Retraite Québec to streamline its approach to actuarial solvency valuations for pension plans with members outside of the province. In an open letter, the ACPM requested the regulator either reconsiders its position on actuarial solvency valuations or grant exemptions to allow only one valuation to be carried […]
The Caisse de dépôt et placement du Québec is issuing $250 million to an organization that supports the institutional investment manager ecosystem in Quebec. The investment in the Quebec Emerging Managers Program works out to works out to $50 million each year for the next five years. Created in 2016, the program offers institutional investors access […]
Recent amendments to the Quebec Pension Plan to encourage people to work past age 65 offer more flexibility on contributions and retirement age, says Bonnie-Jeanne MacDonald, director of financial security research for the National Institute on Ageing at Toronto Metropolitan University. “If people are accumulating a pension, working longer could potentially increase their pension,” says MacDonald, who […]
Green Shield Holdings Inc. is acquiring Quebec-based employee assistance program provider BCH Consultants. The acquisition will add 700 Quebec-based clinicians to Green Shield’s existing network, expanding the national, bilingual scope of its mental-health services to nearly 5,000 clinicians and strengthening its offering in Quebec. This is the eighth acquisition by Green Shield in two years. Read: Green […]
While right-to-disconnect legislation provides employees with a clear definition of their expected work hours, governments have to be careful they aren’t overly regulating because people have different ways of working productively, says Elaine Gringauz-Yedlin, chief operating officer of corporate benefits at Johnston Shaw Inc. “I have two young children and sometimes during the day I get […]
Changes to Quebec’s policy on the use of biosimilars in its public drug plan could result in savings for private benefits plans, says one expert. On April 13, 2022, the Régie de l’assurance maladie du Québec will delist certain biologic drugs from its formulary, requiring patients covered by the plan to switch to a biosimilar […]
Twitter Inc. is among the latest employers enacting a coronavirus vaccination policy for employees. In an emailed statement to Benefits Canada, the social media company said anyone who wishes to return to its North American offices must be vaccinated and show proof. In May 2020, the company announced it would allow employees to continue working […]