As Hawaii introduces new legislation to provide working caregivers with a daily stipend of US$70 to offset the costs of elder care, how does it measure up against Canada’s new employment insurance caregiver benefit? The Kapuna Caregivers Assistance Act, which took effect in December, will provide the stipend to Hawaiian employees working more than 30 hours a […]
Quebec employers are expressing concern about the business impact of the province’s move to eliminate disparities in pension and supplementary group benefits plans. “It’s an issue of attractiveness of foreign investments because we’ve heard from companies that, should this situation be passed here, they could reconsider their investments in Quebec,” says Guy-François Lamy, vice-president of labour and […]
Ontario has published a description of its new funding framework for defined benefit pension plans, including details on how the provision for adverse deviations will work under new going-concern rules. Under the proposed new funding framework, the provision for adverse deviation — a percentage used to determine additional contributions in respect of the normal cost and going-concern […]
With the holidays approaching, music is everywhere. And if hitting the high notes in the privacy of your shower each morning raises your spirits for the day ahead, it stands to reason that singing in a workplace choir over your lunch hour can create the same sense of well-being. The concept may have grown out of […]
In its sixth year of offering employees educational workshops during Financial Literacy Month, Western University has changed its approach this time by delivering information on a range of topics rather than just the organization’s pension plans. In the past, the university has used the financial literacy focus to communicate the details of its two defined contribution plans, […]
Despite the political noise around the globe, underlying economies are in pretty good shape and virtually every asset class is seeing high prices, according to the Canada Pension Plan Investment Board’s president and chief executive officer. “I’m worried that everything is expensive. That’s the main thing,” said Mark Machin, speaking at an Economic Club of Canada event […]
The days of working for one employer and contributing to a single pension plan for an entire career are long over. In fact, 28 per cent of Canadians surveyed by Workopolis Inc. in 2014 had already had between five and 10 jobs, and Statistics Canada figures show defined benefit membership is continuing to fall while […]
Stretched valuation concern CPPIB head
While Allstate Insurance Co. of Canada provides several financial education and information sessions to employees throughout the year, it’s focusing on the importance of financial literacy this November to align its offerings with Canada’s Financial Literacy Month. “Financial wellness is actually a key component of our healthy workplace strategy at Allstate,” says Adrianne Sullivan-Campeau, the organization’s vice-president of human resources. Read: Just […]
The Canadian Union of Public Employees Local 561 is calling on the Coquitlam, B.C., school district to reverse its decision to cut post-retirement health benefits for all permanent management employees who retire after Dec. 31, 2017. Earlier this year, School District #43 employees received a notice announcing the year-end closure of its post-retirement health and dental benefits […]