Ottawa calls for target benefit plans
The federal government has unveiled a proposal for target benefit plans, pension programs that share the risk between employers and employees.
- April 25, 2014 September 13, 2019
- 10:32
The federal government has unveiled a proposal for target benefit plans, pension programs that share the risk between employers and employees.
As longevity increases and chronic diseases become more prevalent in Canada, companies are seeing a rise in the number of high-cost claimants. Different employers discussed the cost-cutting measures they’ve introduced in response to this rise during the 11th annual Group Insurance and Pharmaceutical Committee event in Toronto on Wednesday.
Entitled, spoiled, addicted to social media, capable of texting at the speed of light… the list of stereotypes about millennial employees goes on and on. But new research about how Canada’s gen Y workers act on the job reveals that many of these stereotypes are not true—and that millenials are not too different from other workers.
It is the end of an era for the British Columbia Investment Management Corporation (bcIMC). As Doug Pearce, the company’s outgoing CEO and chief investment officer, retires this spring, one of the country’s largest institutional fund managers is closing a significant chapter in the development of its investment strategy: moving from a plain-vanilla portfolio of domestic stocks and bonds to a global one with more diverse assets. At this critical juncture, the independent agency is also preparing for the future by drawing inspiration from major global trends.
As Canada struggles with high levels of household debt, saving for retirement is taking a backseat for many employees—yet, on average, Canadians expect about a third of their retirement income to come from personal savings.
You snooze, you lose, right? Wrong. Insufficient sleep impairs physical and cognitive functions, hurting workplace productivity. Lack of sleep reduces your ability to concentrate and affects short-term memory. It can also make people more irritable and less resilient when dealing with stressful situations.
London Hydro’s focus on wellness sparks improvements in drug plan costs and absenteeism
Men are from Mars and women are from Venus, right? Well, it turns out this claim also holds true for retirement planning.
While Canada has made great strides in equal opportunity employment, companies might still be inadvertently discriminating against disabled individuals.
As Canada contemplates whether or not to expand its public pension system, it can learn from the experience of Australia, which has managed to increase pension coverage while reducing public pension spending.