The Ontario Municipal Employees Retirement System Sponsors Corp. is appointing Laurie Hutchinson as its new chief executive officer, effective April 18, 2022. In the new role, Hutchinson will be responsible for providing executive leadership and direction to the employees of the OMERS Sponsors Corp. and helping the board deliver on its key responsibilities, including determining […]
While more than half (57 per cent) of institutional investors got into crypto assets between 2020 and 2021, most investments were small with 71 per cent allocating less than two per cent of their portfolios to the asset class, according to a new survey by KPMG in Canada and the Canadian Association of Alternative Strategies […]
Many Canadian companies are taking measures to increase pay equity among employees, with 69 per cent saying they’ve observed salary discrepancies between new hires and more tenured staff in the past year, according to a new survey by Robert Half Canada Inc. The survey, which polled more than 200 C-suite executive across a wide range of […]
Although mental well-being among Canadian employees has increased by seven per cent since the first year of the coronavirus pandemic, 21 per cent are still reporting a negative state of psychological health, according to a new survey by Capterra. The survey, which polled 1,100 Canadians, found both full- and part-time employees reported a 22 per […]
A story about the federal government considering whether to include booster shots in the next version of the coronavirus vaccine mandate for workers was the most read story of the week on BenefitsCanada.com. Here are the five most popular news stories of the week: Feds consider definition of ‘fully vaccinated’ in review of federal worker mandate […]
The federal government’s 2022 budget, which set out $56 billion in new spending on Thursday, has a few offerings that could impact employers and employees. Dental-care program, pharmacare The budget confirmed the government’s commitment to rolling out a national dental-care program, which was announced in March, by specifying a $5.3-billion investment in its implementation. It also […]
While a typical Canadian defined benefit pension plan saw negative investment returns in March, it also improved on a solvency and accounting basis, according to a new report by LifeWorks Inc. Last month, the typical DB pension plan used in LifeWork’s monthly pension indices saw investments dip in value by 0.4 per cent as a […]
The Canada Pension Plan Investment Board is investing US$425 million in an Indian content technology platform company. Following an initial equity investment of US$50 million in VerSe Innovation Private Ltd.’s previous funding round, the CPPIB was a lead investor in the latest round with a further US$375 million. Founded in 2007, the organization operates Dailyhunt, […]
As employees continue to adjust to the dynamics of working remotely since the coronavirus pandemic, 76 per cent of workers believe remote work has given them a better work-life balance, with nearly as many (72 per cent) saying it’s afforded them a more flexible schedule, according to a new survey by artificial intelligence solutions company […]
While the overall private drug plan spend per member increased by 4.3 per cent in 2021, fewer plan members submitted claims and the per-claimant cost grew, according to Express Scripts Canada’s latest prescription drug trends report. Specifically, the percentage of plan members that made a claim decreased by 0.3 per cent last year while spend […]