The market value of assets held by Canadian trusteed pension funds rose four per cent to $2.14 trillion at the end of the second quarter of 2021, up from $2.1 trillion in the first quarter, according to new data from Statistics Canada. Public sector assets increased by $63.5 billion, accounting for 77.4 per cent of the overall […]
Roughly a fifth (18 per cent) of all white-collar jobs in North America are now remote positions, according to a new report by Ladders Inc. It found that, in the fourth quarter of 2021, another three million jobs moved to being permanently remote. Prior to the coronavirus pandemic, only four per cent of high-paying jobs […]
How the City of Toronto is continuing to support employee mental health in these uncertain times took the top spot over the past week on BenefitsCanada.com. Here are the five most popular news stories of the week: 1. How the City of Toronto is supporting employee mental health in 2022 and beyond 2. Why CPP premiums are getting […]
Members of Puerto Rico’s public sector pension plans are facing a benefits freeze and the transformation of their defined benefits plans to defined contribution plans. The decision to cut changed the plans was made as a result of an ongoing financial crisis in the most populous U.S. territory. After it defaulted on bonds in 2014, politicians […]
The Healthcare of Ontario Pension Plan is exchanging a property portfolio for a stake in a new real estate investment trust. Under the terms of the deal, eight properties — which a recent appraisal valued at $800 million — were given by the HOOPP to the Toronto-based Primaris Management Inc. In exchange, the HOOPP received […]
Nearly half (47 per cent) of Canadians said that financial wellness means living without financial stress, according to a new survey by the Canadian Imperial Bank of Commerce. It found 28 per cent of respondents also used financial wellness as a top descriptor for overall wellness and 41 per cent said financial wellness comes from being […]
U.K. employers are encouraging staff to try a vegan diet for the month of January. More than 75 organizations have signed on to the “Veganuary” workplace challenge, which encourages employees to try a diet free of animals or animal-derived products for the first 31 days of 2022. A wide array of organizations, from high-end department […]
Canada’s 100 highest-paid chief executive officers from the S&P/TSX composite index recorded their second best year ever for compensation in 2020 despite the coronavirus pandemic, according to a new report by the Canadian Centre for Policy Alternatives. The report found those 100 CEOs were paid an average of $10.9 million in 2020, which was higher than their […]
The largest defined benefit pension plans in the U.S. saw average funded status improve by eight per cent in 2021, according to a new report by Willis Towers Watson. It found the country’s largest DB pension plans saw their average funded statuses reach 96 per cent last year, higher than at any point since 2007. […]
The Ontario government is raising the minimum wage to $15 per hour. “Ontario’s workers deserve a raise and today we’re delivering one,” said Premier Doug Ford in a statement. “There’s no better way to support hard-working Ontarians right now than raising the minimum wage.” Read: CFIB, Unifor clashing over proposed $15 federal minimum wage As of […]