Nearly a third (31 per cent) of employees believe flexible hours and more sick days are the support tools they need most from employers as they endure the ongoing coronavirus pandemic, according to a survey by Pollara Strategic Insights in partnership with Canadian Imperial Bank of Commerce, Enterprise Canada and Prosperity Project. The survey, which […]
Almost half (46 per cent) of employers say their organizations currently lack clear benefits, recognition and rewards strategies, according to a new survey by Arthur J. Gallagher & Co. The survey — which polled more than 1,300 employers globally, including almost 600 in North America and around 100 in Canada — found, while 54 per cent said they […]
The average Ontario defined benefit pension plan is in the best funded position since December 2009, according to the Financial Services Regulatory Authority of Ontario’s latest quarterly solvency report. It found 81 per cent DB plans had a solvency ratio greater than 100 per cent at the end of 2021, compared to 67 per cent […]
The Financial Services Regulatory Authority of Ontario is consulting on proposed pension benefits guarantee fund assessment deadlines and calculations guidance, which is designed to assist plan administrators in maintaining compliance with the Pension Benefits Act. The proposed guidance includes: that the deadline for paying the assessment is nine months after the fiscal year end, whether the pension plan […]
The Public Sector Pension Investment Board is publishing a green bond framework, which is aligned with existing standards in green bond and sustainable debt markets. Green bonds will provide a new tool in PSP Investments’ toolkit to support strong financial performance and responsible investment outcomes, noted a press release. It also said the framework will […]
Community Living York South is joining the Colleges of Applied Arts and Technology pension plan’s DBplus. “After much research and consultation, we felt it was the right move for our organization at this time,” said Steven Klein, acting executive director of the non-profit organization serving the southern part of York Region, in a press release. […]
Almost four in five (79 per cent) Canadian full-time employees said they’re willing to work four 10-hour days per week at their current rate of pay, according to a new survey by Maru Public Opinion. The survey, which polled roughly 1,500 Canadian adults, found men and women (80 per cent and 78 per cent, respectively) […]
Neil Cunningham is stepping down from his role as president and chief executive officer at the Public Sector Pension Investment Board on March 31, 2023. Since he was appointed to the role in 2018, following the departure of André Bourbonnais, the organization’s assets under management grew from $135.6 billion to $204.5 billion. Cunningham first joined […]
The Canadian Life and Health Insurance Association is launching an industry initiative to pool claims data and use advanced artificial intelligence tools to enhance the detection and investigation of benefits fraud. While all Canadian insurance companies have their own internal analytics to detect fraud within their book of business, the new initiative — led by […]
Diversity, equity and inclusion are top of mind during Black History Month, so it’s no surprise two of the top five stories over the past week on BenefitsCanada.com relate to efforts by organizations to address a range of DEI issues in February and beyond. Here are the five most popular news stories of the week: 1. How HOOPP is […]