The Ontario government is introducing legislation that will require employers with 25 or more employees to draft a right-to-disconnect policy. On Monday, Monte McNaughton, the province’s minister of labour, training and skills development, announced the move as part of the Working for Workers Act 2021, as the Ontario government gears up for an election next […]
Plan sponsors and plan members have diverging opinions on where benefits dollars are best spent, according to the 2021 Benefits Canada Healthcare Survey. The survey found that plan sponsors and members are less aligned on the value of many benefits than they were a year ago. Indeed, at the start of the coronavirus pandemic last year, […]
Our story revealing the employers that took the top spots at the 2021 Workplace Benefits Awards was the most-read story over the past week on BenefitsCanada.com. Here are the five most popular news stories of the week: 1. Who are the winners of the 2021 Workplace Benefits Awards? 2. ‘Significant’ wave of terminations coming due to workplace vaccine mandates: lawyer […]
As the coronavirus pandemic drags on, it’s dragging down plan members mental and physical health, according to the 2021 Benefits Canada Healthcare Survey. About a third of plan members reported increased feelings of anxiety or sadness/depression, decreased physical fitness (34 per cent) and/or poorer eating habits (31 per cent) in the past year. More than one in […]
Hub International Ltd. is acquiring Vancouver’s Rogersworks Inc. Rogersworks is an independent benefits brokerage firm specializing in employee group benefits and association group benefits. John Ash, benefits consultant and a partner at the company, will join Hub Coastal. Read: Hub acquiring Calgary benefits provider This is the latest of a string of Canadian benefits providers and consulting […]
Canadian health benefits plan members’ top stressors have shifted to reflect the new work environments created by the coronavirus pandemic, according to the 2021 Benefits Canada Healthcare Survey. The survey, formerly known as the Sanofi Canada Healthcare Survey, found that 35 per cent of plan members described their stress level at the beginning of 2021 […]
The cost of employer-provided health benefits in the U.S. is expected to increase by an average of five per cent in 2022 to more than US$13,000 per employee, according to a new survey by Aon. The survey, based on information from a database of more than 700 U.S. employers, found that, in 2021, budgeted health-care […]
In his first public statement on Alberta Investment Management Corp.’s investment strategy, the organization’s new chief executive officer says the AIMCo won’t have a policy to divest from hydrocarbon producers. “I want to be clear in stating that we believe that divesting hydrocarbons would miss an urgent opportunity to work with the companies who’ve the […]
The U.S. Department of Labor is proposing new rules that would give pension plan fiduciaries the ability to make investment decisions based on environmental, social and governance factors. If adopted, the rules would amend the Employee Retirement Income Security Act of 1974. In its summary of the proposed changes, the Department of Labor said they’d […]
The Ontario Teachers’ Pension Plan is acquiring a majority stake in a manufacturer and distributor of elevator components and systems. Before the investment, Vantage Elevator Solutions was wholly owned by Golden Gate Capital. The California-based asset management company will retain a significant minority stake in the business. Read: Ontario Teachers’ investing in Australian insurance distributor Vantage […]