The Ontario government spent $793,925 on new advertising out of the budget for the Ontario Retirement Pension Plan after cancelling the program, according to documents obtained by the Canadian Taxpayers Federation through a freedom of information request. The ads promoted enhancements to the Canada Pension Plan, which is an area of federal responsibility, the taxpayers […]
The financial status of the Royal Canadian Mounted Police pension plans showed significant improvement as returns for one of them hit a high of 16.3 per cent during its recent valuation period. According to the organization’s latest actuarial valuation report, the RCMP’s three pension plans showed a combined actuarial deficit of $368 million at March […]
The government is implementing a new reimbursement policy for veterans claiming marijuana for medical purposes, reducing the allowance from 10 grams per day to three grams. While the new policy establishes the three-gram limit, the government said there will be an exceptional circumstances process for veterans authorized for more than three grams per day that […]
KPMG has opened its annual flexible benefits enrolment window for the coming year and is encouraging employees to actively make selections for their 2017 coverage. The three-week window allows employees to choose from a menu that benefits best suit them, including medical, dental, insurance, short-term and long-term disability, as well as health pledges they can […]
Domtar Corp. hosted its first total reward week at its Canadian head office in Montreal at the end of September to help employees understand their benefits offering. “We felt that employees didn’t fully understand their benefits, pension or even compensation,” says Etienne Tougas, manager of pension plans at Domtar. “We even included employee discounts, employee […]
When 3sHealth wanted to look at its dental plan design, prescription drug deductibles and the impact of new benefit enhancements, the first step was to take a look at its data. The association of Saskatchewan health agencies, which manages group benefits plans for nearly 40,000 health-care workers at 90 employers, has had an analytics reporting […]
Convergint Technologies is hosting what it calls a No Spender November effort this month to encourage its employees to be more aware about their individual financial situations. The idea arose after human resources manager Regina Brodersen decided to look more closely at where she was spending her money. After a close examination of her chequing […]
Since the middle of October, the Canada Pension Plan Investment Board has made three substantial investments in Chinese commercial real estate. What do the moves signal about the opportunities both in the market as a whole and in real estate? Michael Peck, senior vice-president of institutional investment at Invesco Canada Ltd. in Toronto, says China […]
After months, and even years, of buildup and anticipating, Republican nominee Donald Trump is the next president of the United States. Looking at his platform, and any policy changes or enhancements proposed on the campaign trail, what does a Republican presidency mean for U.S. employers and the benefits they offer to employees? Health insurance During […]
New collective agreements reached between the United Steelworkers union and Canadian Nuclear Laboratories will create a multi-employer, multi-union pension plan for employees affected by the privatization of the former Atomic Energy of Canada Ltd. About 360 members of USW Local 4096 who work at the CNL research facility in Chalk River, Ont. have ratified three-year […]