Basics of Emergency Travel Insurance

Basics of Emergency Travel Insurance

When you’re travelling across Canada or to another country you could face an unexpected medical emergency. Emergency Travel Insurance is part of most group benefit plans and is designed to make your business or pleasure travel worry free. Many plans will cover items such as: Medical & Hospital Benefits (referrals, in-patient and out-patient services etc.) EmergencyContinue Reading

Corporate Social Responsibility Helps Build a Team

Corporate Social Responsibility Helps Build a Team

At Ideaca, people and the community are important. Through the coordinating efforts of its Social Responsibility Task Force, which includes a representative from each of its five offices, Ideaca has extended its reach – locally, nationally and internationally. Community involvement is driven by employee feedback. Ideacans (as they call themselves) get to choose where theyContinue Reading

Target Benefit Pension Plans

Target Benefit Pension Plans

Pension de-risking can take many forms. As a plan sponsor, you can introduce minor changes like switching to a less generous plan formula (final average earnings to career average earnings), or more drastic measure like closing the plan to new entrants or switching to a defined contribution pension plan.  Recently introduced by the federal government,Continue Reading

Getting Rising Health and Dental Benefit Costs Off the Books

Getting Rising Health and Dental Benefit Costs Off the Books

Similar to defined benefit pension plans, traditional health and dental benefit plans are like an open-ended liability for employers. Providing health and dental benefits to employees has always been costly and it isn’t getting any cheaper – health care costs have doubled over the past decade. In the 1980’s and 1990’s when pension surpluses wereContinue Reading

De-risking your pension plan

De-risking your pension plan

With private sector pension plans at their healthiest level in over a decade, now could be the right time to consider de-risking your pension plan (defined benefit). Four in 10 defined benefit pension plans – 40 per cent – reached fully funded status at the close of 2013, according to pension consulting firm Mercer. WhatContinue Reading