The union representing more than 1,600 faculty, librarians, archivists and post-doctoral researchers at York University has ratified a three-year collective agreement that includes multiple benefits gains. The agreement includes an increase in coverage for eyeglasses from $850 to $935 every 24 months, as well as an increase for paramedical services from $3,000 to $3,200. In […]
The Canada Pension Plan Investment Board is reinvesting $532 million in its majority-owned Brazilian water and sanitation company Iguá Saneamento. The new financial commitment will fund the company’s growth in the Brazilian state of Sergipe, according to a press release. “This sector has significant room for growth while also providing opportunities to invest in long-term, […]
Roughly one in ten (11 per cent) of all leaves of absence among U.S. workers in the first quarter of 2024 were due to mental health — a 22 per cent increase from this period last year, according to a new report by ComPsych Corp. The report, which analyzed ComPsych’s absence book of business that […]
A majority of global employees say they feel more productive (84 per cent) and more connected to their teams (82 per cent) while working in hybrid or remote working environments than those working onsite, according to a new survey by Zoom Video Communications Inc. The survey, which polled more than 600 C-suite leaders and nearly […]
The funded position of a typical Canadian defined benefit pension plan rose on both a solvency and accounting basis in July, according to Telus Health’s latest pension index. It found the solvency of the average DB plan rose to 107.8 per cent, up from 107.6 per cent in June, while the accounting index increased from […]
The Caisse de dépôt et placement du Québec is investing $575 million in Montreal-based natural gas company Énergir. The investment, which will be made in partnership with the Fonds de solidarité FTQ, is designed to fund a decarbonization and resilience strategy at Énergir and will fund renewable energy projects and renewable natural gas production plants, according […]
An article announcing the finalists in the 2024 Workplace Benefits Awards was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Who are the finalists of the 2024 Workplace Benefits Awards? 2. Ford, Lowes among employers pulling back from DEI policies 3. 68% […]
The market volume of annuity purchases by Canadian defined benefit pension plan sponsors reached an estimated $2.5 billion in the second quarter of 2024, compared to $1.1 billion in the previous quarter, according to a new report by Telus Health. While plan sponsors that are poised for upcoming transactions have an advantageous position, insurers are […]
Nearly two-thirds (63 per cent) of U.S. employees use artificial intelligence tools to double-check their work, instead of tasks such as initial project research and data analysis (46 per cent), according to a new survey by software company Slingshot. The survey, which polled more than 250 U.S. employees and employers, found employees’ basic use of AI […]
While the median investment management fee paid by institutional investors for private equity deals during the investment period is between 1.75 per cent and two per cent, it drops only slightly to between 1.72 per cent to 1.96 per cent following the investment period, according to a new report from Callan. The report analyzed more than 400 private […]