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How different types of pension plans impact employee recruitment, retention

When Alaska switched its public education employees from two defined benefit pension plans to a 401(k)-style defined contribution plan, more staff left their positions, according to a new report by the National Institute on Retirement Security. The report benchmarks retirement benefit offerings among state-level plans in Alaska and nationwide, analyzing the evolution of public pension […]

  • June 13, 2023 June 9, 2023
  • 09:00

Google, Salesforce applying different tactics to coax workers back to office

Google is enforcing its hybrid working policy by tying required in-office days to employee performance reviews. In an internal email, the company said it would consider office attendance when reviewing employees who don’t come into the office a minimum of three days per week, according to a report by Fortune. The company also said it […]

  • June 12, 2023 June 9, 2023
  • 09:00

Survey finds 60% of employees say they’d leave current job for one with more inclusive benefits

Sixty per cent of Canadian employees say they’d consider leaving their jobs for a role that offers more inclusive benefits, according to a new survey by Medavie Blue Cross. The survey, which polled 1,000 employees and 500 employers in Ontario, Quebec and Atlantic Canada, also found employees want to work for an organization that supports […]

  • June 12, 2023 June 9, 2023
  • 09:00

58% of U.S. workers cite outliving assets as greatest retirement fear: survey

More than half (58 per cent) of U.S. employees say outliving their assets is their greatest fear in retirement, according to a new survey by Cerulli Associates. While the percentage is even higher for near-retiree and retiree generations (generation X and baby boomers), longevity risk is the greatest concern across all generations. As a result, […]

  • June 9, 2023 June 8, 2023
  • 15:00

Top 5 HR, benefits, pension and investment stories of the week

An article on seven questions that employers should ask as the coronavirus pandemic moves into an endemic phase was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Expert panel: Seven important questions as pandemic moves into endemic phase 2. Just 14% of U.S. women say […]

  • June 9, 2023 June 8, 2023
  • 09:00

Caisse backing Quebec software developer, CPPIB investing in Spanish waste management business

The Caisse de dépôt et placement du Québec is investing $125 million in a Quebec-based software developer best known for products supporting digital workplaces. The investment in GSoft Inc. follows the company’s launch of two digital software suites aimed at supporting work-from-home business models. ShareGate aims to improve information technology services and Officevibe seeks to […]

  • June 8, 2023 June 8, 2023
  • 12:30

PSP Investments returns 4.4% led by infrastructure investments

The Public Sector Pension Investment Board is reporting a net return of 4.4 per cent for fiscal 2023. As of March 31, 2023, the investment organization had $243.7 billion in net assets under management, up 5.7 per cent from $230.5 billion at the end of the previous fiscal year. It also reported a 10-year annualized […]

  • June 8, 2023 June 8, 2023
  • 12:30

Amendment to Manitoba pension legislation providing flexibility for beneficiary designation

An amendment to Manitoba’s Beneficiary Designation Act allows a pension plan member’s legal representative to now make a beneficiary designation on behalf of the member if they can’t make the designation themselves. However, the representative can only designate a beneficiary if the plan renews, replaces or converts a plan made by the participant and the same […]

  • June 8, 2023 June 7, 2023
  • 09:00

38% of U.S. workers cite benefits as No. 1 reason they stay with employer: survey

More than a third (38 per cent) of U.S. employees say benefits are the No. 1 reason they’ve stayed with their current employer, followed by pay (35 per cent) and job security (24 per cent), according to a new survey by Grant Thornton International. The survey, which polled more than 5,000 full-time employees, also found three-quarters (74 […]

  • June 8, 2023 June 7, 2023
  • 09:00

Meta asking office-based employees to work onsite three times per week this fall

Facebook parent company Meta Platforms Inc. is asking office-based employees to come in three times a week beginning in September. The move is part of the company’s broader push to work more efficiently, said an employee familiar with the matter and who asked not to be named, according to a report by Bloomberg. Employees who […]

  • June 7, 2023 June 7, 2023
  • 15:00