After the scope of the subprime mortgage crisis became clear in 2007, a number of U.S.- based pension and 401(k) plans with assets invested in subprime mortgage obligations filed lawsuits in federal District Court to recover their losses based on a provision of the U.S. Employee Retirement Income Security Act that holds fiduciaries personally liable for losses resulting from their breach of fiduciary responsibilities.
Companies and administrators of employee benefit plans in the U.S. should take note of a new U.S. Supreme Court case addressing conflicts of interest arising where insurance companies both adjudicate and pay claims.
In partnership with HR associations across Canada, the U.S.- based Society for Human Resource Management will for the first time this fall be offering the Global Professional in Human Resources Certification Preparation Course and other selected SHRM Business Education courses in Toronto, Vancouver and Montreal.
As the kick off to a new weekly series of podcasts, "Five minutes with…" we interviewed Jacquie Walker, a principal in Buck Consultants' Toronto office, who was the only Canadian on Consulting Magazine's recently released 2008 list of Top 25 Consultants.
Both Canada and the U.S. can learn from the experience of Australia, the U.K. and continental Europe, where blended public/private health care systems effectively deliver universal health care coverage, according to research for a new book recently released by Aon Consulting.
Containing costs, managing risk and volatility, workforce planning and how to effectively communicate the value proposition to employees - these are the top issues Canadian benefit plan sponsors are wrestling with today, say leaders of eight top consulting firms who recently participated in a "virtual roundtable" with EBNC.
The path to recruiting and retaining the so-called Facebook Generation is not through fancy gimmicks and traditional advertising; it's through meaning, spirit and tech-savvy company promotion, says Tod Maffin.
It is 5 o'clock on a Friday, and you are cleaning up your desk and getting ready to head out for the weekend. The phone rings, and it's a call from a panicked manager leading a group working on a job site in sub-Saharan Africa. Four people have come down with severe nausea and fever. Recently, there have been cases of dengue fever reported in the area.
Prolific use of popular social Web sites like MySpace and Facebook has many employers weighing measures to limit damage to workplace productivity and security.
David Rive likes to tinker.
When personal computers burst onto the scene, he taught himself basic programming to organize his growing insurance practice. On a whim, Rive showed his little software program to an insurance company. And much to his shock, they snapped it up
Canadian employers and their employees will pay lower Employment Insurance premiums in 2008, and there will be no increase in CPP/QPP contribution levels. Employment Insurance
Summer is almost over, and yet many Canadians have still not used up any of their annual vacation days. In this week's podcast, Ceridian Director of Health Management Estelle Morrison discusses managing the "vacation envy" of those who didn't get away, and practical strategies for employers who want to ensure their employees get regular R&R.
Results from the 35th Annual WorldatWork Salary Budget Survey, the largest survey of its kind, show pay budgets growing steadily from 2008 to 2009 in the U.S. and Canada.
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