With the majority of PCL Construction Ltd.’s workforce continuing to work at its Canada-wide job sites and offices throughout the coronavirus pandemic, the organization’s decisions around its health benefits and pension plan have been to keep rolling. Speaking during a Q&A session to close out Benefits Canada‘s 2021 Benefits & Pension Summit on May 19, […]
Receiving peer recognition for an innovative communications strategy was among the reasons the Co-operative Superannuation Society pension plan entered Benefits Canada‘s 2020 Workplace Benefits Awards, according to Nicole Quintal, communications manager for the plan. “Quite a few peers in the industry reached out to us after we won the award and it was great to get […]
The Healthcare of Ontario Pension Plan recently surpassed 400,000 plan members, more than doubling since 2013 when it passed the 200,000 member mark. It added 12,000 new members following the merger of five plans with HOOPP in 2019. In all, membership grew by an additional 100,000 members since 2015 due, in part, to the growing […]
Alberta’s public sector pension plans are reassuring members their pensions are safe, following a recent ministerial order enacted by the provincial government. The order was enacted in late December by Alberta Finance Minister Travis Toews after 2020 deadlines for investment management agreements between the pensions and the Alberta Investment Management Corp. passed with no result. […]
Ontario’s pension plan administrators and plan members share the responsibility of maintaining current contact information, according to the Financial Services Regulatory Authority of Ontario’s final guidance on missing plan members. It recommended administrators maintain a records management system and retention schedules that support long-term administration of the pension plan and to exercise care and diligence […]
With the ongoing coronavirus pandemic raising economic concerns, the Arthritis Society is taking a responsive approach with its Financial Literacy Month initiatives during the month of November. “We’re reading the pulse,” says Cheryl McClellan, the organization’s chief operating officer. “We haven’t seen a lot of people stressed directly in our organization, but generally, we understand […]
Like a spiky meteorite, when the coronavirus pandemic hit earlier this year it demolished employer’s best-laid plans and is forcing them to find innovative ways to support, motivate and retain employees. During a virtual roundtable on Oct. 16, the 2020 Workplace Benefits Awards finalists discussed how they’ve quickly responded to everything from employee mental health to supporting financial wellness […]
Alberta’s Local Authorities Pension Plan is cancelling its coordination option, citing regret and confusion from plan members who mistakenly accessed the feature without fully understanding the financial implications. According to a statement by the LAPP, coordination will be discontinued for members who start their pension on or after Jan. 1, 2021. It noted the option’s elimination will […]
While pension plan sponsors and the government have roles to play when it comes to retirement, it’s increasingly up to individual employees to ensure they have a solid retirement plan, said Jack Mintz, the president’s fellow at the University of Calgary’s school of public policy. During a virtual roundtable hosted by the Association of Canadian Pension […]
The Co-operative Superannuation Society Pension Plan’s digital-first communications plan netted it the pension plan communications award at Benefits Canada‘s 2020 Workplace Benefits Awards on Oct. 16. The CSS pension plan’s communications strategy was influenced by the technology and fintech industries and meeting its members where they are — online. “We’re a defined contribution pension plan, so it’s […]