The Public Sector Pension Investment Board is appointing Caroline Vermette as senior vice-president and chief financial officer and Alexandre Roy as senior vice-president and chief risk officer. Vermette brings more than 20 years of financial leadership to the investment organization. Most recently, she was senior vice-president of internal audit at the National Bank of Canada. […]
Half (51 per cent) of employers say mental-health leaves of absence are increasing and four in 10 employees said they’ve taken a leave of absence to care for their own mental health, according to a new survey by wellness app Headspace. The survey, which polled more than 250 U.K. and U.S. employers and more than […]
The Canada-Wide Industrial Pension Plan is reporting a return of 10.9 per cent for 2024, down slightly from 11.7 per cent in 2023. It also reported five- and 10-year annualized returns of eight per cent and 8.3 per cent, respectively, with assets of roughly $900 million. As of its last actuarial valuation on Jan. 1, […]
The Ontario Teachers’ Pension Plan is reporting a net return of 9.4 per cent for 2024, up from 1.9 per cent in 2023, according to its latest annual report. The investment organization underperformed its benchmark return of 12.9 per cent, equivalent to $7.6 billion in negative value add. Its net assets grew to $266.3 billion, […]
Three-quarters (76 per cent) of Canadian capital accumulation plan sponsors say employees’ financial resilience and retirement readiness are the main reasons they’re modernizing their plan, up from 41 per cent in 2020, according to a new survey by WTW. The survey, which polled more than 150 Canadian employers, found two-thirds (64 per cent) are also […]
Fewer than half (45 per cent) of Canadian employees say they’re satisfied with their employer’s benefits plan, according to Telus Health’s latest mental-health index. The survey, which polled roughly 3,000 employees, found the average mental-health score was 63.5 in December, virtually unchanged from November (63.4). Anxiety (56.8) continued to be the lowest mental-health sub-score, followed […]
Friendship among employees can yield several benefits for employers, including supporting their attraction and retention strategies, according to a new survey by the Harris Poll on behalf of Express Services Inc. The survey, which polled more than 500 Canadian employees and more than 500 employers, found more than eight in 10 (85 per cent) employers […]
An article on a series of court cases dealing with remote working arrangements in Quebec was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Quebec’s approach to remote workers’ rights holds lessons for other provinces: lawyer 2. How […]
The Workplace Insurance and Safety Employee Trust is reporting a net return of 11.3 per cent for fiscal 2024, with the WSIB Employees’ Pension Plan’s net assets increasing to $4.46 billion. The trust attributed the result to its collaborative partnership with the Investment Management Corp. of Ontario, which acts as the trust’s exclusive investment manager […]
John Deere & Co.’s shareholders are reaffirming the company’s commitment to diversity, equity and inclusion, voting overwhelmingly against a resolution targeting its DEI efforts, according to a report by USA Today. The resolution was filed by the National Legal and Policy Center, a conservative-leaning Washington think tank, said the report. The vote makes the farm […]
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