An article on how the Royal Bank of Canada is marking Financial Literacy Month was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. RBC educating employees, reducing stigma around money matters through financial wellness hub 2. CPPIB returns 0.1% in Q2 2024, led by credit, private […]
Employees who have unlimited vacation are 43 per cent more likely to feel a sense of belonging at work, according to a new survey by Achievers Solutions Inc. The survey, which polled more than 3,500 employees in Australia, Canada, Singapore, the U.K. and the U.S., found employees with unlimited vacation also reported higher levels of […]
More than half (57 per cent) of U.S. women say they don’t earn enough to save for retirement and 26 per cent say they agree strongly with this statement, according to a new survey by the Transamerica Institute. The survey, which polled more than 5,600 employees, found while a similar percentage (50 per cent) of […]
The maximum pensionable earnings under the Canada Pension Plan is increasing to $68,500 in 2024, up from $66,600 in 2023. The employee and employer contribution rates for 2024 will remain at 5.95 per cent and the maximum contribution will be $3,867.50 each, up from $3,754.45 in 2023. The self-employed contribution rate will remain at 11.9 […]
While more than two-thirds (69 per cent) of U.S. small- and medium-sized employers say the main reason they offer a retirement savings plan is to help employees save for the future, nearly half say they do so to help retain (47 per cent) and attract (40 per cent) top talent, according to a new survey by Capital […]
The Saskatchewan Pension Plan is expanding its variable benefit option to all retiring plan members across Canada. The option, which was previously only available to Saskatchewan-based plan members, allows for continued investment choice and income flexibility, according to a press release, which noted members who opt for the variable benefit can consolidate funds by transferring […]
An article on how flexible dress codes can support diversity, equity and inclusion was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. How flexible dress codes can support DEI amid post-pandemic return to office 2. With Ford, GM employees set to join CAAT’s DBplus pension, what’s […]
The British Columbia Investment Management Corp. is acquiring U.S.-based fiber communications solutions provider Consolidated Communications Holdings Inc. in a joint transaction with private investment firm Searchlight Capital Partners. The acquisition will be worth about US$3.1 billion. The purchase agreement price suggested a 70 per cent premium to Consolidated Communications’ public share price at April 12, […]
Nine in 10 (89 per cent) U.S. defined benefit pension plan sponsors say they’re expecting to completely divest their plan liabilities in roughly four years, according to a new survey by MetLife Inc. The survey, which polled 250 DB plan sponsors, found nearly all (94 per cent) said the financial impacts of volatility and related risks […]
A third (32 per cent) of Canadian employees say cost/affordability is the top barrier to getting mental-health support, according to the latest mental-health index by Telus Health. The survey, which polled 3,000 respondents, found lack of available care/long wait times (16 per cent) and not knowing where to get care or what type of care […]