Quebec employers can expect to face significant increases to their drug pooling premiums in 2020. The Quebec Drug Insurance Pooling Corp., which sets the annual pooling parameters for private drug plans in the province, has increased the cost that plan sponsors with Quebec employees must pay per plan member. Plan sponsors pay different rates for members with and […]
Following similar moves in jurisdictions across Canada, British Columbia’s proposed changes to its defined benefit pension solvency funding requirements will take effect on Dec. 31. Under the changes, DB plan sponsors in the province will be permitted to fund to a solvency ratio of 85 per cent instead of the previous requirement of 100 per cent. […]
As private equity becomes a more sizeable part of Canadian pension portfolios, the British Columbia Investment Management Corp.’s resources and staffing are growing with it. In April 2016, when Jim Pittman joined the BCI as its senior vice-president of private equity, his group comprised six or seven people. Three and a half years later, the […]
Ceridian HCM Inc.’s director of employee engagement and culture discusses flexible working, parental leave and family bike rides. Q. What top challenges do you face in your role? A. Our team’s area of focus means the tightening labour market will keep us busy in the coming years. Our greatest challenges are identifying programs . . […]
Eight hundred unionized employees of Regina-based Co-op Refinery remain locked out after contract negotiations stalled. The refinery, which is part of Federated Co-operatives Ltd., locked out members of Unifor Local 594 on Dec. 5. Unifor said Co-op is demanding major concessions on the employees’ defined benefit pension. Currently, the DB plan is fully funded by Co-op, but […]
The union representing 33 employees of the Northumberland County social services department says the county is attempting to weaken employees’ short-term disability leave and remove their right to work a compressed workweek. On Dec. 12, the Canadian Union of Public Employees Local 3725 began contract negotiations with the county using a provincially appointed conciliator. Union members […]
More than half of Canadians say they’ve witnessed at least one instance of inappropriate sexual behaviour at work, according to a new report by Statistics Canada. The report on gender-based violence and unwanted sexual behaviour found men were slightly more likely (56 per cent) than women (53 per cent) to have witnessed this behaviour in a work […]
The Manitoba government has proposed changes to the provincial Pension Benefits Act that will allow the creation of in-plan solvency reserve accounts for defined benefit pension plans registered in the province. The amendments would permit plan sponsors to withdraw funds from the reserve account when the plan is in surplus and would prohibit them from […]
The British Columbia Human Rights Tribunal has dismissed a complaint from a Molson Coors Beverage Co. retiree who alleged the company’s employee benefits plan was discriminatory on the basis of age. The tribunal found providing reduced benefits to employees over the age of 65 isn’t considered discrimination under the province’s Human Rights Code. The decision […]
iA Financial Group is launching a pilot project to help benefits plan members with medication adherence. The Quebec City-based insurer will offer access to mobile app MedHelper to a few thousand plan members who are taking three or more medications on a daily basis. The plan members can import the list of drugs they take into the […]