In its 2022 budget on Thursday, the Ontario government said it’s implementing a permanent target-benefit pension plan framework in 2023. The budget noted specified Ontario multi-employer pension plans, which provide these types of benefits, have been operating under temporary regulations that will expire in 2024 unless replaced by a permanent framework. “A permanent target-benefit framework […]
The union representing roughly 900 workers at Metro Inc. warehouses in Etobicoke, Ont. has ratified a new 4.5-year collective agreement that includes pension and benefits gains. Sandeep Kakan, director of pension and benefits at Unifor, says the agreement includes an increase in the defined benefit pension plan’s flat-rate benefit, retroactive to 2001, as well as […]
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 […]
Increased benefits and expanded mental-health coverage are among the highlights of a new collective agreement ratified by Oakville Transit workers who are also members of Unifor Local 1256. Under the agreement, which ends a two-week strike, the workers will see an increase in their vision care coverage, from $400 to $450 annually. It also includes […]
Ontario is eyeing a new system to provide “portable benefits” for workers in the gig economy, retail and hospitality sectors who don’t currently have health, dental or vision coverage. Under the plan, workers would be able to keep their benefits even if they change jobs, said the province in a press release. If the plan […]
Uber Technologies Inc. has signed an agreement with a private sector union that will provide representation to Canadian drivers and couriers, but doesn’t unionize workers. Through this agreement, Uber will prioritize new benefits and protections for drivers and delivery people, as well as enhancing their flexibility to work if, when and where they want, according […]
The Retail Council of Canada is launching a new health benefits program for member retailers. Through the program, called RCC RetailCare, retail employers can offer their employees a range of health and wellness benefits, such as dental, enhanced hospital care, paramedical, prescription drugs and vision coverage. The program can be extended to permanent, part-time employees who work a minimum of […]
A new report by the Ontario government’s advisory committee on the future of work is recommending the introduction of a new portable benefits program. The Ontario Workforce Recovery Advisory Committee, which delivered its interim report this summer, set out 21 recommendations, including supporting workers who fall outside the purview of traditional benefits programs. The report […]
Canadian employees want more comprehensive coverage under their benefits plans, according to a survey by the Conference Board of Canada and Telus Health. The survey, which polled more than 1,500 Canadian workers, found a majority (82 per cent) of respondents want basic dental services (such as preventative and minor restorative) covered by their benefits plans, […]
Plan sponsors and plan members have diverging opinions on where benefits dollars are best spent, according to the 2021 Benefits Canada Healthcare Survey. The survey found that plan sponsors and members are less aligned on the value of many benefits than they were a year ago. Indeed, at the start of the coronavirus pandemic last year, […]