Despite the political noise around the globe, underlying economies are in pretty good shape and virtually every asset class is seeing high prices, according to the Canada Pension Plan Investment Board’s president and chief executive officer. “I’m worried that everything is expensive. That’s the main thing,” said Mark Machin, speaking at an Economic Club of Canada event […]
The days of working for one employer and contributing to a single pension plan for an entire career are long over. In fact, 28 per cent of Canadians surveyed by Workopolis Inc. in 2014 had already had between five and 10 jobs, and Statistics Canada figures show defined benefit membership is continuing to fall while […]
Stretched valuation concern CPPIB head
While Allstate Insurance Co. of Canada provides several financial education and information sessions to employees throughout the year, it’s focusing on the importance of financial literacy this November to align its offerings with Canada’s Financial Literacy Month. “Financial wellness is actually a key component of our healthy workplace strategy at Allstate,” says Adrianne Sullivan-Campeau, the organization’s vice-president of human resources. Read: Just […]
The Canadian Union of Public Employees Local 561 is calling on the Coquitlam, B.C., school district to reverse its decision to cut post-retirement health benefits for all permanent management employees who retire after Dec. 31, 2017. Earlier this year, School District #43 employees received a notice announcing the year-end closure of its post-retirement health and dental benefits […]
More than 500 members of United Steelworkers Local 1568 who are employed by Canadian Nuclear Laboratories have reached a collective agreement that includes moving into a new union-trusteed, multi-employer pension plan. However, the trustees of that plan, the Canadian Energy and Related Industries pension plan, are also aiming to transition to a target-benefit arrangement under federal jurisdiction by […]
Feelings of embarrassment and shame around personal financial struggles are affecting Canadians’ workplace productivity and there’s a role for employers to play, according to a new study by Manulife Financial Corp. The study, conducted in partnership with Homewood Health Inc., surveyed more than 200 employee assistance program counsellors. The vast majority (93 per cent) of respondents believe financial […]
Feds to review discount rates for pension, benefits obligations
The federal government is currently reviewing the discount rates it uses for its pension and benefits obligations, Finance Minister Bill Morneau said in the fall economic statement on Tuesday. The project includes a review of industry practices, trends in the public and private sectors and emerging developments in accounting standards. The government expects to complete the review […]
With more than 400 programs created over the past decade, Carleton University’s proactive approach to health and wellness helped it earn the inaugural Sanofi Canada Wellness Pioneer award at Benefits Canada’s 2017 Workplace Benefits Awards in Toronto on Oct. 12. The new award recognizes an organization that has developed an innovative and effective long-term health or […]