The funded ratio of the U.S.’s 100 largest defined benefit pension plans dropped slightly in August, from 76.8 per cent as of July 31 to 75.3 per cent as of Aug. 31, the result of a $98 billion funded status decline, according to Milliman Inc.’s latest public pension funding index. The result was driven by […]
A third (34 per cent) of benefits plan members say they’ve received health-care services virtually by phone or computer over the past year, down from 41 per cent in 2022 and 43 per cent in 2021, according to the 2023 Benefits Canada Healthcare Survey. It found members recovering from a major injury (68 per cent) were […]
More than two-thirds (70 per cent) of U.S. small- and medium-sized employers that offer parental leave are providing the same leave option to all employees, according to a new survey by Hub International Ltd. The survey, which polled more than 500 employers, found 26 per cent provide paid parental leave, up from 23 per cent […]
The Ontario Teachers’ Pension Plan’s Ziad Hindo will step down from his role as chief investment officer, effective Dec. 31, 2023. He joined the Ontario Teachers’ in 2000 and was appointed CIO in 2018. Stephen McLennan, executive managing director of total fund management, has been appointed acting head of investments, effective immediately. Read: Ontario Teachers’ […]
Half (51 per cent) of Canadian benefits plan members say they understand their plan extremely or very well, down from 65 per cent in 2018, according to the 2023 Benefits Canada Healthcare Survey. It found plan members’ top sources for information about their benefits plan were websites (69 per cent), followed at some distance by […]
The California Public Employees’ Retirement System’s Nicole Musicco will step down from her role as chief investment officer, effective Sept. 29, 2023. Musicco, who joined the CalPERS in March 2022, will leave the investment organization to attend to the immediate needs of family in Toronto, according to a press release. Dan Bienvenue, deputy chief investment […]
More than half (54 per cent) of Canadian benefits plan members currently live with at least one diagnosed chronic health condition, according to the 2023 Benefits Canada Healthcare Survey. It found the top current diagnoses were a mental-health condition such as depression or anxiety (18 per cent), high cholesterol (12 per cent), arthritis (12 per […]
Nearly three-quarters (72 per cent) of Canadian benefits plan members say they appreciate their health benefits more today than they did before the coronavirus pandemic, according to the 2023 Benefits Canada Healthcare Survey. It found while this result is generally consistent across all cross tabulations, the biggest variation occurred regionally, with a high of 85 […]
An article on the Canadian Association of Pension Supervisory Authorities’ new risk management guideline was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. CAPSA’s risk management guideline adaptable to changes in cybersecurity, ESG: webinar 2. How hybrid workplaces and employees can navigate flu season 3. Canadian employers say competing […]
Investments in office real estate, as a part of total transaction activity, declined by 20 per cent in North America and 50 per cent in Europe and Asia-Pacific in 2022, according to a new report by TD Global Investment Solutions. It found while global office transaction cap rates rose over the past year, private asset […]