Equitable Life Insurance Co. of Canada is offering premium relief for all of its traditional and myFlex group plans for health and dental benefits. Since many health practitioners have closed their offices due to the coronavirus pandemic restrictions, plan member use of dental benefits and some health benefits has declined. As a result, Equitable Life is applying […]
Canadian employers are taking varied approaches to leave, compensation and benefits during the coronavirus pandemic, according to a new survey by Aon. The survey, conducted between April 1 and 3, found two in five employers said they’ve laid workers off temporarily. About a quarter (23 per cent) said they’ve encouraged workers to take annual leave, […]
About 4.7 million Canadians who don’t usually work from home did so during the week of March 22, according to a new survey by Statistics Canada. When also including those who usually work from home, its March labour force survey, which polled 4,600 people in 10 provinces, found 39 per cent of workers (or 6.8 […]
The Ontario Municipal Employees Retirement System is appointing Bob Aziz as its new chief operating officer and Michael Kelly as its chief legal and corporate affairs officer. In the new role, effective April 20, Aziz will have oversight of the OMERS’ data and technology, privacy, government relations and global operations teams. He’ll also join the organization’s senior executive team […]
Manulife Financial Corp. is lending a hand to group benefits plan sponsors in light of the tight financial situation many businesses are in due to the coronavirus pandemic. The insurer is providing certain premium relief for all group benefits plan sponsors with an insured non-refund accounted benefits plan with Manulife. For the month of May, dental […]
The Canada Pension Plan Investment Board and the Ontario Teachers’ Pension Plan are purchasing 40 per cent of the shares of Impulsora del Desarrollo y el Empleo en América Latina, a Mexican infrastructure developer. The two organizations made their tender offer to buy shares of the publicly traded company, at MXN$43.96 per share, following the initial announcement of […]
The Canada Life Assurance Co. is cutting its health insurance premiums for its employer-sponsored benefits plans to support small- and medium-sized businesses facing hardship as a result of the coronavirus pandemic. “We recognize that many businesses are challenged right now and we are wholeheartedly committed to supporting them however we can,” said Jeff Macoun, president and […]
The federal government is halting solvency special payments for federally regulated defined benefit pension plans until the end of 2020. The moratorium on payments under the Pension Benefits Standards Act is aimed at ensuring that employers have financial resources to continue their operations and pension plans, as well as to protect plan members, said the […]
The Caisse de dépôt et placement du Québec is making a number of personnel changes as part of its response to the economic challenges. “At the beginning of the year, it was clear that the challenges of the next decade would be very different from the last decade’s challenges,” said Charles Emond, president and chief […]
The Investment Management Corp. of Ontario is taking on the Provincial Judges’ Pension Plan as its latest client. The pension plan is joining with $420 million in assets under management. With the Treasury Board of Canada Secretariat as its plan sponsor, the plan pays out about $44.3 million in annual pension payments to nearly 300 […]