More than 2,000 former Foodora Canada couriers will receive compensation for losing their contracts when the food delivery service abruptly exited the Canadian market in mid-May. The $3.46-million settlement between the Canadian Union of Postal Workers, non-unionized couriers represented by Koskie Minsky LLP, Foodora Inc. and its German parent company Delivery Hero will resolve the […]
Aon and Willis Towers Watson’s proposed merger has received approval by their respective shareholders. The merger, announced in March, remains subject to customary regulatory and other closing conditions. It’s expected to close in the first half of 2021. Upon closing, Willis Towers Watson shareholders will receive 1.08 Aon shares in exchange for each Willis Towers […]
The U.S. Department of Labor is taking jabs at the inclusion of environmental, social and governance products in capital accumulation plans — and it could be to members’ detriment. In late June, the Department of Labor proposed new rules around ESG products in retirement accounts. “The proposal is designed, in part, to make clear that . […]
Aon and Willis Towers Watson’s proposed merger has received approval by their respective shareholders. The merger, announced in March, remains subject to customary regulatory and other closing conditions. It’s expected to close in the first half of 2021. Upon closing, Willis Towers Watson shareholders will receive 1.08 Aon shares in exchange for each Willis Towers […]
The average Canadian employee will have to accumulate 10.9 times their final pay to maintain the same spendable income once they retire, according to a new report by Aon. The report defines retirement income adequacy as having the same spendable income after retirement as before, taking into account changes in savings, taxes, medical expenses and […]
The federal government is seeking applications to appoint new full- and part-time members to its social security tribunal, the arm’s length entity responsible for decisions on appeals relating to Canada Pension Plan, employment insurance and old-age security. Members of the SST’s general division operate as first-level decision-makers and are tasked with providing fair hearing and […]
The Mohawk College Foundation is the latest employer to join the Colleges of Applied Arts and Technology pension plan’s DBplus. Prior to the move, which took effect Aug. 1, 2020, foundation employees contributed to a group registered retirement savings plan. On an individual basis, they’re now eligible to transfer their group RRSP balances into DBplus. […]
Janitors working at Loyalist College in Belleville, Ont. have a new ratified contract that includes a pension plan, sick days and a wage increase. The employees, represented by the Services Employees International Union Local 2 and working for the food services company Compass Group Canada Ltd., entered bargaining with major concerns around the lack of sick […]
The Mohawk College Foundation is the latest employer to join the Colleges of Applied Arts and Technology pension plan’s DBplus. Prior to the move, which took effect Aug. 1, 2020, foundation employees contributed to a group registered retirement savings plan. On an individual basis, they’re now eligible to transfer their group RRSP balances into DBplus. […]
The Empire Life Insurance Co. is adding telemedicine services to its group benefits plans. Beginning Sept. 1, 2020, all employees whose plan sponsors offer Empire Life’s group benefits will automatically have access to the new service, provided by Teladoc Health. “Nearly two in five Canadians say they have faced COVID-related barriers to medical care,” said […]