Retiree benefits – Benefits Canada.com

Expert panel: A look at retiree benefits and the current health-care system

mdunne — Tue, 20 Jul 2021 13:00:31 +0000

Many employees may be dreaming of a carefree retirement following many years in the trenches — but they’ll likely have to keep dreaming if they don’t have first-rate, post-retirement health and dental insurance coverage. Many employers provide supplemental health insurance (drug, dental, extended health and out-of-country medical) as part of comprehensive packages of employee benefits, […]

The post Expert panel: A look at retiree benefits and the current health-care system appeared first on Benefits Canada.com.

Vale mine workers in Sudbury striking over cuts to drug coverage, retiree health benefits

lbailey — Fri, 09 Jul 2021 13:00:38 +0000

More than 2,000 workers at a Vale nickel mine in Sudbury, Ont., are continuing their strike after their union, United Steelworkers Local 6500, rejected the company’s five-year contract proposal, which cuts health and medical benefits for existing and future employees. The June 14 offer was Vale’s second since the workers went on strike June 1, […]

The post Vale mine workers in Sudbury striking over cuts to drug coverage, retiree health benefits appeared first on Benefits Canada.com.

Navacord acquiring Ontario-based benefits firm

mschmit — Mon, 08 Feb 2021 05:00:40 +0000

Navacord Corp. is further expanding its group benefits business by acquiring Penmore Benefits Inc. A division of The Penmore Group, Concord, Ont.-based Penmore Benefits Inc., provides comprehensive benefits and retirement programs, including international benefits, for small- to medium-sized businesses across both private and public sectors. The company will continue to operate independently and maintain its commitment […]

The post Navacord acquiring Ontario-based benefits firm appeared first on Benefits Canada.com.

Plan sponsors, pension plans taking lessons from 2020 to decade ahead

mschmit — Fri, 29 Jan 2021 05:00:11 +0000

Following an unprecedented 2020, Canada’s plan sponsors and pension plans are incorporating the lessons of the last year as they prepare for a new decade, according to a recent webinar hosted by Mercer Canada. The coming years will be marked by developments including increased geopolitical tensions and the lingering economic effects of the coronavirus pandemic, […]

The post Plan sponsors, pension plans taking lessons from 2020 to decade ahead appeared first on Benefits Canada.com.

Would Quebecers benefit from a higher eligibility age for QPP?

mschmit — Wed, 26 Aug 2020 06:00:27 +0000

Quebecers are more likely to start taking benefits from the Quebec Pension Plan at age 60 than other Canadians with their Canada Pension Plan benefits, according to a new study from the Institute for Research on Public Policy. While deferring benefits is financially advantageous for some, the study found it might be prudent for single people and […]

The post Would Quebecers benefit from a higher eligibility age for QPP? appeared first on Benefits Canada.com.

Older Canadians coping better than younger demographics in pandemic: study

mschmit — Wed, 05 Aug 2020 04:45:00 +0000

Despite the coronavirus pandemic’s severe and disproportionate impact on the health of aging adults, older Canadians say they’re coping far better than younger demographics, according to a new study by Edward D. Jones & Co. in partnership with Age Wave, a U.S.-based think tank focused on issues relating to aging populations. The study, which included […]

The post Older Canadians coping better than younger demographics in pandemic: study appeared first on Benefits Canada.com.

Retroactive pay, pension, insurance increases in new agreement for postal workers

mschmit — Fri, 31 Jul 2020 05:00:39 +0000

Canada Post Corp. employees and some retirees are receiving retroactive wage increases, as well as adjustments to their disability and life insurance and pensions, through two new collective agreements between the Canadian Union of Postal Workers and the crown corporation. The agreements between Canada Post and its rural and suburban and urban postal service workers — represented by two […]

The post Retroactive pay, pension, insurance increases in new agreement for postal workers appeared first on Benefits Canada.com.

University of Ottawa support staff reject ‘final offer’ including cuts to certain benefits

mschmit — Mon, 06 Jul 2020 05:30:15 +0000

The bargaining unit representing University of Ottawa support staff has voted down a so-called final offer from the university by 80 per cent. The unit, which is part of the Ontario Secondary School Teachers’ Federation, is objecting to proposed cuts to certain benefits in the offer, including cuts to the current retirement allowance and parental leave top-ups, as […]

The post University of Ottawa support staff reject ‘final offer’ including cuts to certain benefits appeared first on Benefits Canada.com.

A look at the legal risk for benefits plan sponsors

mschmit — Fri, 17 Jan 2020 04:47:23 +0000

With Canada’s population ageing and research and development looking to produce medications that are beneficial for this evolving demographic, drugs are becoming more expensive, according to Mitch Frazer, partner and chair of the pensions and employment practice at Torys LLP. In fact, among all the countries in the Organisation for Economic Co-operation and Development, Canada has the third […]

The post A look at the legal risk for benefits plan sponsors appeared first on Benefits Canada.com.

Eacom Timber workers reach agreement with pension, benefits improvements

mschmit — Mon, 16 Dec 2019 05:00:24 +0000

Employees at Eacom Timber Corp. have a new six-year collective agreement, which includes improvements to the pension and benefits plan. The lumber operation employs 160 people at its Timmins, Ont. mill and regional administrative centre, 110 of whom are members of the United Steelworkers Local 1-2010. Prior to the agreement, employees contributed a mandatory $120 […]

The post Eacom Timber workers reach agreement with pension, benefits improvements appeared first on Benefits Canada.com.