An article on Stelco Inc.’s $1.3 billion annuity buy-in for one of its defined benefit pension plans was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Stelco entering $1.3BN annuity buy-in for DB pension 2. KPMG allowing employees to work remotely from another province, country […]
The Ontario Municipal Employees’ Retirement System is acquiring an Australian developer owner and operator of telecommunications towers. Following the acquisition, the OMERS will consolidate the Stilmark Group with another telecommunications tower business it bought from TPG Telecom Ltd. in May. The assets will be managed by OMERS Infrastructure, which also manages a number of Australian assets, […]
As the coronavirus pandemic continues, fewer Canadian benefits plan members are making drug claims, according to Telus Health’s annual drug trends report. The report, based on the drug claims activity of more than 10 million plan members in 2021, found just 56 per cent made a claim in 2021, reflecting a decreased frequency of in-person […]
Just 0.9 per cent of 35 million U.S. defined contribution pension plan members ceased making contributions during the first quarter of 2022, according to a report by the Investment Company Institute. While this percentage was slightly higher than in the first quarter of 2021 (0.8 per cent), it was a substantial drop from 2020 (1.4 […]
Culture risk management can be enhanced within existing risk management frameworks, says the Canadian Institute of Actuaries, adding it doesn’t see a need for a separate guideline from the Office of the Superintendent of Financial Institutions. In an open letter responding to the OSFI’s consultation, the CIA said it wants a better understanding of any […]
The Investment Management Corp. of Ontario is allocating US$1 billion to two global credit managers. The majority of the capital, US$550 million, will be invested in Loomis, Sayles & Co., while another US$450 million will be invested in Beach Point Capital Management Ltd. The move is part of a strategy to increase the IMCO’s allocations […]
The union representing Pacific Western Transit Canada workers in Pemberton, Squamish and Whistler, B.C., has ratified a five-year collective agreement that will see members move to the Colleges of Applied Arts and Technology pension plan’s DBplus. Members will contribute three per cent to the plan with an equivalent employer match, says Gavin Davies, a national […]
Nearly a third (31 per cent) of Canadian employees are currently looking or plan to look for a new role in the second half of 2022, up from 28 per cent in December 2021, according to a new survey by Robert Half Canada Inc. The survey, which polled more than 500 Canadian employees, found those […]
While Canada’s rate of employee engagement is in line with the global average of 21 per cent, it remains lower than the U.S. (35 per cent), according to a new survey by Gallup Inc. Among Canadian employee respondents, 63 per cent were likely to describe themselves as thriving compared to a global average of 33 […]
An article on the possible surge of disability claims linked to long-haul coronavirus and remote work injuries was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Employers can expect surge of claims linked to long-haul coronavirus, remote work injuries: lawyers 2. 74% of employers say […]