The estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process increased from 100.3 per cent of a plan’s accounting liabilities in March to 100.9 per cent in April, according to Milliman Inc.’s latest pension buyout index. The index uses the FTSE above median AA curve and annuity purchase composite […]
The real estate investment arm of the Alberta Investment Management Corp. has completed the sale of $900 million in green bond offerings. The Series 6 and Series 7 unsecured notes, each valued at $450 million, are AIMCo Realty’s second and third green bond issuances under its green financing framework, according to a press release, which […]
Working time and work-life balance are key dimensions of an employer’s culture that can impact workers’ health, well-being and quality of life, according to a report by Statistics Canada. It found some flexible working arrangements, such as start and finishing times, can help employees balance work and family commitments, while others, such as long working hours, […]
An article on the federal government’s financial sanctions against the Canada Life Assurance Co. following delayed benefits access for public employees was the most-read article on BenefitsCanada.com. Here are the top five human resources, benefits, pension and investment stories of the past week: 1. Canada Life facing gov’t financial sanctions following delayed benefits access for public […]
Fewer U.S. workers are leaving their jobs, with roughly two-fifths citing improved work-life balance (44 per cent), interesting work (41 per cent) and financial stability (38 per cent) as their top reasons for staying with their current employer, according to a new survey by software company Ringover. The survey, which polled more than 1,000 workers, […]
A story on how private payers are implementing preferred pharmacy networks to reduce benefits plan costs was the most-read story on BenefitsCanada.com this week. Here are the top five human resources, benefits, pension and investment stories of the past week: 1. More private payers seeking to reduce costs turning to preferred pharmacy networks: expert 2. Chipotle expanding […]
Two-fifths (40 per cent) of U.S. workers with employer-provided health benefits reported delaying care due to cost, which negatively impacted their mental health, workplace culture and productivity, according to a new survey by research group Nonfiction on behalf of health-care provider Paytient. The survey, which polled more than 1,500 U.S. workers with health insurance through […]
While more than two-thirds (69 per cent) of private sector workers in the U.S. have access to an employer-sponsored retirement savings plan, just half (52 per cent) of these employees says they choose to participate, according to a new survey by GOBankingRates.com. The survey, which polled 1,000 workers, found more than a quarter (28 per cent) […]
Unifor is temporarily withdrawing its applications to represent workers at two Vancouver-area Amazon facilities, accusing the e-commerce giant of providing a “suspiciously high” employee count. The union announced last week it had filed two applications with the B.C. Labour Relations Board to represent workers at fulfilment centres in New Westminster and Delta. “We’re not going […]
An article on how remote and hybrid working arrangements are leading to a ‘Great Exhaustion’ was the most-read story on BenefitsCanada.com. Here are the top five human resources, benefits, pension and investment stories of the past week: 1. Rise of remote, hybrid working leading employees to a ‘Great Exhaustion,’ says expert 2. Sounding Board: How employers can create […]