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 […]
When Phillip Kotanidis took over as chief human resources officer at Toronto’s Michael Garron Hospital in 2018, the financial well-being of staff wasn’t exactly high on his agenda. In such a fast-paced and potentially stressful workplace, money matters naturally took a backseat to the physical and mental health of the hospital’s staff, who are members […]
The union representing more than 600 employees at GreenShield Canada in Toronto and Windsor, Ont. has ratified a three-year collective agreement that includes pension and benefits gains, ending a strike that began on March 1. The agreement includes a $1.50 increase to the defined benefit pension plan for each year, bringing employees from a $71 […]
An article on how the Ontario Municipal Employees Retirement System has contributed to the province’s gross domestic product 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 week: 1. OMERS pension benefits accounted for 9.3% of Ontario retirement income in 2023: report […]
Retirement benefits paid out by the Ontario Municipal Employees Retirement System accounted for 9.3 per cent of retirement income in Ontario in 2023, according to a new report by the Canadian Centre for Economic Analysis. The report analyzed data related to the OMERS’ pension payments, operations and assets. It found members’ retirement income alone supported […]
A survey on the retirement readiness of Canadian workers and a looming retirement crisis was the most-read pension story on BenefitsCanada.com this year. Here are the 10 most popular pension news stories of 2023: 1. Survey finds 44% of Canadian pre-retirees have less than $5,000 in savings 2. Ford, Unifor agreement includes significant DC pension improvements, transition to […]
An article on how employers can support employees with attention deficit hyperactivity disorder was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. How employers can help employees with ADHD be engaged, productive 2. FSRA’s proposed rule could increase fairness in division of pension benefits during marriage […]
More than two-thirds (68 per cent) of U.S. employees say they plan to stay with their current employer, up from 64 per cent in 2022 but down from 72 per cent in 2021, according to a new survey by Mercer. The survey, which polled more than 4,500 employees, found three-quarters (74 per cent) said they […]
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. […]
Even before the coronavirus pandemic, employers were predicting challenges around meeting the demands of unfilled roles in the skilled trades. For the last decade, the trades workforce has been gradually ageing out. Now, tradespeople are retiring at unprecedented rates and it isn’t slowing down. While businesses in the sector have traditionally attracted employees with certain […]