July 02, 2015
Definition of a Workplace Accommodation:
Any change in the working environment that allows a person with a disability or limitation to properly carry out their job duties is considered a workplace accommodation. This includes changes to physical workspace, adaptions to the equipment or tools used, change in work hours, or job sharing. Accommodations can be temporary, periodic, or long term depending on the employee’s medical condition....
June 03, 2015
The amendments to the Pension Benefits Standards Regulations 1985 (PBSR) were finally released in its final form on March 25th, 2015 and are scheduled to come into force July 1st, 2016. All plan investments msut comply with the new rules by this date.
Significant changes were made to the PBSR in order to modernize the pension fund investment rules.
The new amendments to the PBSR include:
Changes to the Pension Investment Rules – click...
May 21, 2015
It is important for business owners consider the metal health and well-being of their employees. Having a healthy workforce will directly translate into productive workforce.
According to the Mental Health Commission of Canada:
More than 500,000 Canadians won’t go to work because of mental illness each week
More than 30% of disability claims and 70% of disability costs are attributed to mental illness
The Canadian economy loses...
May 04, 2015
A recent trend has more and more Canadians planning to either semi-retire or work longer and delay their retirement as the cost of living in Canada continues to go up. Inevitably, this trend will also impact the cost of group health plans and benefits to increase.
Generally benefit plans cease coverage for employees once they turn 65, there is more pressure for group plan sponsors to extend the coverage past 65 due to the change in working...
April 30, 2015
Results from the “2014 Sun Life Canadian Health Index” report has shown that 9/10 Canadians believe that they are fully covered for hospital stays and psychiatric treatment under the Canadian Medical Services Plan. Additionally, 4/5 Canadians say that they do not expect to pay any additional expenses to cover costs associated with:
nursing homes/long-term care residences (79%)
hearing aids (78%)
home care (76%)
April 08, 2015
According to a recent survey conducted by Green Shield Canada, the offerings of Canadian workplace benefits plans don’t always reflect Canada’s predominant health challenges. The study collected data from prescription drugs, eyewear, and paramedical services and compared it in relation with how benefits programs were being used and the dollars spent dollars spent did not align.
Major employer concerns highlighted by the study: