Staff

Ontario Teachers’ selling stake in Irish national lottery operator, Caisse repurchasing shares in Couche-Tard

The Ontario Teachers’ Pension Plan is entering into a definitive agreement to sell its majority shareholding in Ireland’s national lottery operator. The pension fund is selling Premier Lotteries Ireland Ltd., which is headquartered in Dublin, to La Française des Jeux, a lottery and online gaming operator for an undisclosed amount. As part of the transaction, PLI’s other […]

  • August 3, 2023 August 2, 2023
  • 10:00

Employers expect to offer wider variety of benefits for different generations: report

Nearly two-thirds (61 per cent) of employers recognize they’ll need to offer a wider variety of benefits options to meet the expectations of the different generations in their workforces, according to a new report by LIMRA and EY. In particular, the survey, which polled more than 800 U.S. employers and more than 1,800 employees, found demand […]

  • August 2, 2023 August 1, 2023
  • 09:00

New federal legislation around missing pension plan members should include ongoing plans: ACPM

In response to the federal government’s consultation on draft amendments to pension legislation pertaining to the transfer of unclaimed benefits for missing plan members, the Association of Canadian Pension Management is suggesting the legislation include a condition to allow the transfer of assets in the case of an ongoing pension plan in addition to closed plans. […]

  • August 1, 2023 August 1, 2023
  • 15:00

Public sector workers, retirees calling on removal of Imperial Oil director from PSP board

Working and retired public sector employees from across Canada are calling on the federal government to remove Miranda Hubbs, director of Imperial Oil Ltd., from the board of the Public Sector Pension Investment Board with cause. In a letter sent to Prime Minister Justin Trudeau and his cabinet today, 39 PSP Investments’ members and retirees […]

  • August 1, 2023 August 1, 2023
  • 12:00

Manitoba’s TRAF returns -0.42%, increases funded ratio in 2022

Manitoba’s Teachers’ Retirement Allowances Fund returned negative 0.42 per cent in 2022, exceeding its benchmark return of negative 5.04 per cent. “While we are pleased with these short-term results, our longer-term results are equally favourable,” said Jeff Norton, the TRAF’s president and chief executive officer, in its annual report. “Over the past 20 years to […]

  • July 31, 2023 July 31, 2023
  • 15:00

CUPE, Memorial University agreement includes fertility treatment clause, gender transition policy

The Canadian Union of Public Employees Local 4554 at Memorial University and the university’s students’ union are ratifying a new four-year collective agreement that includes improvements to employees’ benefits and pay. The agreement includes a new fertility treatment clause that provides time off and financial support for employees seeking treatment, since there’s a lack of fertility […]

  • July 31, 2023 July 28, 2023
  • 09:00

Only half of U.S. retirement savers feel on track, an 11% drop since 2022: survey

Just over half (56 per cent) of Americans feel on track for retirement, an 11 per cent drop in confidence compared to 2022, according to a new survey by BlackRock Inc. The survey, which polled more than 450 large defined contribution pension plan sponsors, 1,200 workplace retirement plan savers, 1,300 independent savers and 300 retired […]

  • July 28, 2023 July 27, 2023
  • 15:00

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

An article on the federal government’s plan to scrap Canada mortgage bonds and the potential impact on pension funds was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Feds’ plan to discontinue Canada mortgage bonds may limit pension funds’ abilities to mitigate risk: PIAC […]

  • July 28, 2023 July 27, 2023
  • 09:00

41% of U.S. employees cashing out 401(k) savings when leaving job: report

Two-fifths (41 per cent) of U.S. employees are cashing out their 401(k) plan savings when they leave a job, with 85 per cent draining their entire accounts, according to a new report by the University of British Columbia, Texas State University and the University of Colorado Boulder. The report, which analyzed data from more than […]

  • July 27, 2023 November 20, 2023
  • 15:00

72% of business leaders increased investment in DEI over past year: survey

Nearly three-quarters (72 per cent) of business leaders have increased their organization’s investment in diversity, equity and inclusion over the past 12 months, according to a new survey by the World 50 Group, a global community of business leaders. Direct reports to the chief executive officer were most likely to feel they have access to […]

  • July 27, 2023 July 27, 2023
  • 15:00