More than half (52) per cent of new public safety employee hires are expected to retire from a defined benefit pension plan, according to a new report by the National Institute on Retirement Security. The report, which reviewed data from 28 U.S. police and fire pension plan sponsors, found that DB plans are an effective […]
Nearly all (95 per cent) Canadian employees recognize their financial situation significantly impacts their personal well-being and 92 per cent of human resources leaders agree, according to a new report by Dialogue Health Technologies Inc. The survey, which polled more than 1,600 working Canadians, across all age groups and provinces, found more than a quarter […]
A third (32 per cent) of Canadian employers say mandatory minimum wage hikes result in increased wages across the entire company, according to a new survey by the Harris Poll on behalf of Express Employment Professionals. The survey, which polled more than 500 hiring decision-makers and more than 500 employees, found the main driver for […]
The Canada Pension Plan Investment Board is appointing Priti Singh (pictured) as senior managing director and chief risk officer. Singh, who most recently served as senior managing director and global head of capital markets and factor investing, will replace Kristen Walters, who’s leaving the CPPIB after more than 30 years in risk management. Read: CPPIB […]
The establishment of a green and transition taxonomy by the federal government will help provide the confidence and transparency that investors need to make decisions that are consistent with Canada’s climate objectives and transition pathways, as well as organization-specific climate action plans or net-zero commitments, said the Pension Investment Association of Canada. In an open letter, […]
An article on an Ontario court ruling that determined an employer wasn’t obligated to preserve past service benefits was the most-read article on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Ontario court rules employer not obligated to preserve past service benefits 2. 49% of […]
The British Columbia Teachers’ Pension Plan is increasing coverage for several optional retirement health benefits, effective Jan. 1, 2025. Vision care coverage will increase by $100 to $400 every two calendar years, while hearing care is set to rise from $1,400 every four calendar years to $2,000, according to a press release, which noted plan members […]
In an open letter, leaders from Canada’s biggest pension funds are asking the Canadian Sustainability Standards Board to reconsider a two-year relief period granted to companies around non-climate disclosures. “Where sustainability-related factors are material, they have the potential to present material financial impacts to companies’ performance and is important information for boards and investors,” read […]
The funded ratio of the average Canadian defined benefit pension plan grew by two per cent during the second quarter of 2024 and nine per cent since the start of the year to 126 per cent, according to a new report by Normandin Beaudry. It found the average solvency ratio of Canadian pension plans rose […]
More than a third (36 per cent) of Canadian workers have been bothered by thoughts of death or self-harm over the past year, according to a new survey by Wysa Ltd. The survey, which polled more than 2,000 employees, found young people were especially at risk, with 56 per cent of Canadians aged 18 to 24 […]