More than two-thirds (67 per cent) of U.S. employees believe a four-day workweek would alleviate their burnout, according to a survey by Eagle Hill Consulting Ltd. The survey, which polled more than 1,000 employees, found nearly half (49 per cent) said they’re feeling burnt out, with younger workers (53 per cent) and women (52 per cent) feeling […]
Does your organization’s benefits plan or financial wellness program deserve recognition? Are you leading the way when it comes to supporting your employees’ mental health? Is your company implementing award-worthy diversity, equity and inclusion initiatives? Benefits Canada’s annual Workplace Benefits Awards is officially open for nominations. Submit your entries here. As in previous years, the 2022 awards will […]
Almost a third (29 per cent) of Canadians believe their employer-sponsored pension plan will be their primary source of retirement income, while 15 per cent said they’re relying on government pension plans, according to LifeWorks Inc.’s latest financial well-being index. The survey, which polled 3,000 Canadian employees, found the overall financial well-being score decreased slightly […]
The majority of chief executive officers (83 per cent) and employees (70 per cent) report missing at least one day of work due to stress, burnout or other mental-health challenges, according to a new survey by Headspace Health. The global survey, which polled more than 500 CEOs and 5,400 full-time employees, also found more than […]
More than a third (36 per cent) of racialized and Indigenous Canadian employees said they feel their colleagues may deliberately act in a way that undermines their efforts at work, according to a new survey by ADP Canada. The survey, which polled more than 1,000 employees, found this percentage increased to 40 per cent among […]
The Alberta Investment Management Corp. is appointing Jason Chang as senior managing director of fixed income. In the new role, Chang will oversee $35 billion in fixed income assets, split between domestic and foreign portfolios, and will lead the team that manages a diversified selection of strategies. In addition, one of his duties will be […]
The Investment Management Corp. of Ontario saw returns of 9.6 per cent in 2021, according to its annual report. The IMCO’s assets under management rose $5.7 billion during the year, reaching $79 billion. The year’s returns weren’t evenly distributed, as client pension plan gains ranged from 0.1 per cent to 11.2 per cent depending on […]
The union representing workers at three Ontario casinos has ratified a series of collective agreements that will provide improved pensions and health benefits for employees. Members of Unifor Local 444 at the Caesars Windsor ratified a three-year collective agreement that includes a one per cent enhancement to its defined contribution pension plan, as well as […]
The Canada Pension Plan Investment Board is providing $300 million in credit to a global restructuring and investment advisory firm. The financing of Gordon Brothers, a Boston company that provides capital to businesses, will be delivered through the CPPIB’s subsidiary, CPPIB Credit Investments Inc. The funds will be used to fund capital investment offerings. In 2021, these offerings generated more […]
The Supreme Court of British Columbia has upheld the B.C. Credit Union Employers’ Pension Plan’s decision to increase its normal retirement date to age 65 from age 62. The 2016 decision — which was made by trustees to maintain the plan’s financial viability — was being challenged by a group of plan members who alleged […]