Top 5 HR, benefits, pension and investment stories of the week
Benefits Canada » Retirement
by bwolfe
6d ago
An article on an Ontario court ruling that determined an employer wasn’t obligated to preserve past service benefits was the most-read article on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Ontario court rules employer not obligated to preserve past service benefits 2. 49% of […] The post Top 5 HR, benefits, pension and investment stories of the week appeared first on Benefits Canada.com ..read more
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Employee ownership trusts taking shape in Canada
Benefits Canada » Retirement
by bwolfe
6d ago
Three times a year, the roughly 600 employees of Friesens Corp. gather in front of the printing house to accept envelopes, each one holding a cheque for the workers’ share of company profits. They all get a cut because they’re all owners. The company, based in the small town of Altona, Man., is set up […] The post Employee ownership trusts taking shape in Canada appeared first on Benefits Canada.com ..read more
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Digital engagement helping plan members save more for retirement: report
Benefits Canada » Retirement
by Sadie Janes
6d ago
Retirement plan members who engage with their plan digitally have an average retirement account balance 230 per cent higher than those who weren’t engaged ($123,800 versus $51,800), according to a new report by Sun Life Financial Inc. The report, which analyzed data from 1.45 million Sun Life group retirement plan members, found employees who were were digitally engaged are also more […] The post Digital engagement helping plan members save more for retirement: report appeared first on Benefits Canada.com ..read more
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49% of executive leaders say financial stress preventing frontline staff from doing best work: survey
Benefits Canada » Retirement
by lbailey
6d ago
Nearly half (49 per cent) of executive leaders say financial stress often or very often prevents their frontline workers from doing their best work, according to a new survey by Dayforce Inc. The survey, which polled more than 6,900 workers, managers and executives from companies with frontline workers across the globe, found 62 per cent of […] The post 49% of executive leaders say financial stress preventing frontline staff from doing best work: survey appeared first on Benefits Canada.com ..read more
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CBSA, PSAC, CIU agreement includes pension, benefits gains
Benefits Canada » Retirement
by Sadie Janes
1w ago
The unions representing more than 9,000 Canada Border Services Agency employees have ratified a four-year collective agreement that includes pension and benefits gains. The agreement with, the Public Service Alliance of Canada and the Customs and Immigration Union, includes a pensionable $2,500 one-time, lump-sum payment for all employees upon the date of signing. For members […] The post CBSA, PSAC, CIU agreement includes pension, benefits gains appeared first on Benefits Canada.com ..read more
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2024 Vancouver Benefits Summit: How Telus is making well-being, mental health a cultural priority
Benefits Canada » Retirement
by bwolfe
2w ago
Telus Communications Inc. is ensuring employees bring their best self to the job by supporting their well-being both in the workplace and at home, said Wade Domries, the company’s vice-president of global total rewards, during a session at Benefits Canada’s 2024 Vancouver Benefits Summit in May. The organization’s current approach to well-being started taking shape […] The post 2024 Vancouver Benefits Summit: How Telus is making well-being, mental health a cultural priority appeared first on Benefits Canada.com ..read more
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Unions welcoming equitable pension reform for frontline public safety, law enforcement workers
Benefits Canada » Retirement
by Sadie Janes
2w ago
The federal government recently announced plans to introduce legislation in the fall expanding pension eligibility to frontline public safety and law enforcement workers in Canada. The legislation is welcomed by the Public Service Alliance of Canada and the Customs and Immigration Union after they’ve advocated for more than a decade for equitable retirement benefits for […] The post Unions welcoming equitable pension reform for frontline public safety, law enforcement workers appeared first on Benefits Canada.com ..read more
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83% of U.S. workers concerned increasing cost of living, inflation will make it harder to save for retirement: survey
Benefits Canada » Retirement
by lbailey
2w ago
A majority (83 per cent) of U.S. workers say they’re concerned the increasing cost of living will make it harder to save for retirement and more than three-quarters (78 per cent) are concerned inflation will stay high, according to a new survey by the Employee Benefit Research Institute and Greenwald Research. The survey, which polled […] The post 83% of U.S. workers concerned increasing cost of living, inflation will make it harder to save for retirement: survey appeared first on Benefits Canada.com ..read more
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59% of Canadians with a workplace pension plan feel prepared for retirement: survey
Benefits Canada » Retirement
by bmcgovern
1M ago
Six in 10 (59 per cent) Canadians with an employer-sponsored pension plan say they feel somewhat or very well prepared for retirement, compared to only 34 per cent of respondents without a workplace pension plan, according to a new survey by the Healthcare of Ontario Pension Plan. The survey, which polled 2,000 Canadian employees, found fewer than […] The post 59% of Canadians with a workplace pension plan feel prepared for retirement: survey appeared first on Benefits Canada.com ..read more
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FSRA releases final guidance on roles, responsibilities of pension plan administrators
Benefits Canada » Retirement
by Sadie Janes
1M ago
The Financial Services Regulatory Authority of Ontario has updated its guidance on the roles and responsibilities of pension plan administrators, adding three additional areas for administrators to enhance protection and stability for pension plan beneficiaries. The guidance, which took effect earlier this month, stated an administrator is responsible for all aspects of the administration of the […] The post FSRA releases final guidance on roles, responsibilities of pension plan administrators appeared first on Benefits Canada.com ..read more
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