Nearly half (47 per cent) of U.S. employers report their salary budgets for 2024 are lower than the previous year, as the overall median pay raise for 2024 fell to 4.1 per cent, down from 4.5 per cent in 2023, according to a new survey by WTW. The survey, which polled more than 1,800 employers, […]
The Nova Scotia Pension Services Corp. — which administers the investment assets of the Public Service Superannuation Plan and the Teachers’ Pension Plan — reported an increase in net assets to $13.7 billion, a year-over-year increase of about $670 million, for the fiscal year ending March 31, 2024. The PSSP saw an investment return of 7.93 […]
Half (51 per cent) of U.S. pre-retirees and retirees say they’re considering either delaying or coming out of retirement, according to a new survey from F&G Annuities & Life Inc. The survey, which polled more than 2,000 adults aged 50 and older and who have more than US$100,000 in financial products/savings, found among respondents who […]
The Caisse de dépôt et placement du Quebec is investing $600 million in Quebec-based asset management firm Fiera Capital. The transaction is part of the investment organization’s commitment to allocate $100 billion in investments of Quebec companies by 2026, according to a press release, which noted the funds will help support Fiera Capital’s international expansion […]
The estimated funded ratio of U.S. state and municipal pension plans is expected to increase to 80.6 per cent in 2024 due to the outperformance of investment targets, according to a new report by Equable Institute. The report, which analyzed trends in benefits, cash flows, contributions, funding and investments at 245 of the largest U.S. […]
Nearly a third (32 per cent) of managers in the U.S. say the ability to keep track of employees’ work habits was the main goal for their return-to-office mandate, according to a new survey by BambooHR. The survey, which polled more than 1,500 full-time U.S. workers, including more than 500 human resources professionals, found managers […]
The estimated funded status of the 100 largest U.S. public defined benefit pension plans rose to 79.9 per cent in June, from 79.4 per cent at the end of May, according to a new report by Milliman Inc. It found public DB plans in the report saw individual estimated returns ranging between 0.4 per cent […]
Employees who work remotely full time report higher levels of loneliness (25 per cent) than those who work fully onsite (16 per cent), according to a new report by Gallup Inc. The global report found that overall, a fifth of employees reported experiencing loneliness recently, with the percentage being higher among employees younger than age […]
The union representing employees of the Liquor Control Board of Ontario has ratified a three-year collective agreement that includes multiple benefits gains, ending a two-week strike. The agreement includes increases in coverage for mental-health services for up to 90 per cent of the total cost of the prescribed plan of treatment, to a combined annual […]
Nearly two-thirds (64 per cent) of Americans say they wish they’d started saving for retirement when they were younger than age 25, according to a new survey by Voya Financial Inc. The survey, which polled more than 1,000 Americans adults, found more than half said they started saving for retirement when they were between ages 18 […]