The union representing 89 employees at the University of Toronto has ratified a two-year agreement that includes retirement and benefits gains, including gender affirmation coverage. The agreement includes six retiring allowance packages equivalent to two months of base wages for employees who qualify for an unreduced pension in accordance with the University Pension Plan’s provisions. […]
Roughly half of U.S. employees say rising costs (49 per cent) and recent financial crises (46 per cent) have caused them to reduce or stop their retirement savings, according to a new survey by Allianz Life Insurance Co. of North America. The survey, which polled more than 1,000 employees, found more than half (56 per […]
In three short years, the relationship between Canadian employers and employees has changed dramatically as a result of the coronavirus pandemic’s impact on health, finances and overall sense of security. While there’s a lot of talk about the world settling into a new normal in 2023, it’s not clear what that will look like. The […]
In his session at the 2023 Global Investment Conference, Derek Dobson, the Colleges of Applied Arts and Technology pension plan’s chief executive officer, called back last year’s conference, noting Sebastien Betermeier, associate professor of finance at McGill University’s Desautels Faculty of Management, “talked about the benefits of the Canadian pension model, which is sometimes called […]
An article on Amazon Canada’s ‘Dogs at Work’ program was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Amazon expanding ‘Dogs at Work’ program to Canada, easing employees’ return to workplace 2. Survey finds 39% of women considering quitting job due to stress, burnout 3. 76% […]
More than half of U.S. women say they aren’t financially secure, a percentage that increases to 77 per cent among low-income women, according to a survey by Public Opinion Strategies and Lake Research Partners on behalf of the National Council on Aging and the Women’s Institute for a Secure Retirement. The survey, which polled more […]
Equitable Bank’s 2022 Workplace Benefits Awards win is empowering employees to ask for more financial wellness benefits and to recognize the full range of resources available to them, says Madison Dickson, the bank’s human resources coordinator. “The win enhanced our employee experience because more employees feel comfortable coming up to [our team] and saying, ‘I […]
Three-quarters (76 per cent) of Canadians say they’ll need to work longer than their parents to become financially secure in retirement, a percentage that increases among millennials (85 per cent) and generation X (84 per cent), according to a new survey by Edward Jones Canada. The survey, which polled more than 1,000 employees, found 82 per […]
Just a third (34 per cent) of U.S. small- and medium-sized employers say they offer retirement benefits, according to a new survey by Fidelity Investments. The survey, which polled more than 500 SMEs, found that, among respondents that don’t offer a retirement plan, half (48 per cent) said they can’t afford to, while a fifth […]
There’s never a drought of challenges for employers and 2023 is proving no different. Today, they’re facing inflation, labour shortages, competition for hiring, high turnover and employee burnout, to name just a few. That’s why it’s no surprise the ball is firmly in employees’ courts. Alongside the interminable rise in the cost of living and […]