While more than half (58 per cent) of employees within 10 years of retirement are contributing to retirement savings, only about a third (30 per cent) have established a thorough financial plan, according to a new survey by Age Wave and Edward Jones Canada. The survey, which polled more than 1,000 Canadians aged 45 or […]
The Netherlands is making remote working a legal right for its citizens. On July 5, the Dutch bicameral parliament’s lower house passed legislation that forces employers to consider employee requests to work from home as long as their professions allow for it, according to a report by Bloomberg. If the legislation, which is set to go […]
Fewer than a third (29 per cent) of U.S. employees say they’re building a large enough retirement nest egg, according to a survey by non-profit organization Transamerica Center for Retirement Studies. The survey, which polled 5,800 workers, found 47 per cent of respondents expect to retire after age 65 or don’t plan to retire at […]
An article about Hootsuite providing employees with an extra week off this summer was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Hootsuite giving employees additional week off to support mental health, work-life balance 2. Younger employees more likely to switch jobs for better benefits: […]
The Canada Pension Plan Investment Board is making a second contribution to a real estate joint venture expanding its industrial warehouse portfolio in Korea’s largest metropolitan areas. In 2020, the CPPIB made an initial contribution of US$450 million to the joint venture, which was launched by ESR Cayman, a real estate investment firm. The joint […]
More than 50 workers are on strike at Timberland Equipment Ltd. in Woodstock, Ont., after the company and the union failed to reach an agreement regarding pension plans. According to a press release from the United Steelworkers, most workers are long-time employees who have a defined benefit pension plan, while a smaller group of more […]
The shift to remote working is tamping down wage growth by two per cent over two years, shrinking — by more than half — employees’ expectations of real-wage catchup amid rising inflation, according to a report by the Becker Friedman Institute at the University of Chicago. It found while U.S. consumer prices rose 8.6 per cent […]
The Ontario Teachers’ Pension Plan is acquiring the parent company of a Canadian reverse mortgage provider. The pension fund is buying HomeQ Corp., which owns the HomeEquity Bank, from Birch Hill Equity Partners Management Inc. and several minor shareholders. While the financial details of the acquisition weren’t disclosed, a press release noted it’s part of the […]
Half (49 per cent) of U.S. employees younger than age 34 are withdrawing early from an individual retirement account or 401(k), according to a new survey by Morgan Stanley. The survey, which polled more than 900 U.S. workers, found among those making early withdrawals, 20 per cent said they needed the money to pay for […]
The Public Sector Pension Investment Board is entering a strategic alliance with a produce vendor. According to the agreement, PSP Investments will manage the acquisition of Spanish citrus orchards while Citri & Co. will operate and manage the farmland, packing, distribution and sale of crops. According to a press release, the alliance was brokered by […]