web analytics

Blog

Pfizer adopts PinnacleCare’s advisory service to simplify employee care

Posted by on Nov 9, 2017 in EBN, Health, Industry News | 0 comments

November 6, 2017 — For about the price of a cup of coffee for each employee per month, Pfizer provides its 30,000 U.S. staff members with a health advisory service that helps them to navigate their health care benefits and use them in a more efficient, cost effective way. Because the pharmaceutical company’s highly educated workforce is aging, employees are experiencing more and more acute complex conditions including different kinds of cancers and other more atypical diseases. The company looked for...

read more

Eldercare litigation against employers increases

Posted by on Nov 9, 2017 in Employee Benefit News, Health, HR Issues | 0 comments

October 9, 2017 — As the number of employees that care for sick or aging parents increases, so do their claims of employer discrimination. A 2016 Family Responsibilities Discrimination Litigation Update from the University of California Hastings College of the Law documents a 650% jump in litigation involving eldercare during the previous decade. There is no one overarching federal law that protects employees with eldercare responsibilities. Under the Family and Medical Leave Act of 1993, however, an...

read more

Innovative employers enhance caregiver benefits

Posted by on Nov 9, 2017 in EBN, Health, Quality of Life | 0 comments

October 9, 2007 — Some employers are starting to get it: The U.S. population isn’t getting any younger. In fact, by 2040 the percentage of people aged 65 and older will have nearly doubled to nearly 22%, up from 13% in 2010. Even more telling, the age 85-plus cohort is slated to triple. Yet the past few years has seen little growth in the number of employers offering benefits for employees who care for older and disabled relatives. According to the Families and Work Institute’s 2016 National...

read more

End of year retirement savings checklist

Posted by on Nov 9, 2017 in Retirement, Saskatchewan Pension Plan | 0 comments

November 6, 2017 — You have finally paid off the credit card bills incurred on your summer vacation. Black Friday is coming up and you are starting to get serious about Christmas shopping. But before you do, pay yourself first and top up your retirement savings. Here are some suggestions: Saskatchewan Pension Plan: If you are already a member of SPP, make sure you have contributed the maximum $2,500 for 2017. Also transfer up to $10,000/year into the plan from a Registered Retirement Savings Plan...

read more

Nov 6: Best from the blogosphere

Posted by on Nov 9, 2017 in Income Tax, Insurance, Investments, Money management, Saskatchewan Pension Plan | 0 comments

November 6, 2017 — We are again going to sample recent material from a series of bloggers who participated in The Canadian Financial Summit in September. This week headlines across the country blared that CRA has changed their position on allowing diabetics to claim lucrative disability tax credits in certain cases. On Your Money, Your Life, accountant Evelyn Jacks discusses why these changes are being made and how audit-proofing strategies must be implemented by tax professionals and their...

read more

What to look for in a long-term care home

Posted by on Nov 9, 2017 in Retirement, Saskatchewan Pension Plan | 0 comments

November 2, 2017 — When the health or capacity of a loved one deteriorates and the family decides that a nursing home is the best care option, it can be a very traumatic time for both the caregivers and the patient. You want to ensure your parent or friend is placed in a facility where they will get the best possible care in a safe, nurturing environment. However, depending on the length of waiting lists and where you live, your choices may be very limited. For example, this directory of long-term...

read more

October 31: Best from the Blogosphere

Posted by on Nov 9, 2017 in Home ownership/renting, Saskatchewan Pension Plan | 0 comments

If you buy a house or re-finance your existing home beginning in 2018, you may need a higher income to qualify for a mortgage.  Borrowers who are renewing mortgages will not have to meet the new stress-test standard as long as they stay with the same bank. However, renewals done with another lender will have to qualify under the revised standards because they require new underwriting. As Sean Cooper explains in What OSFI’s (Office of the Superintendent of Financial Institutions) Tightened Rules on...

read more

What you need to know about residential care for seniors in Saskatchewan

Posted by on Nov 9, 2017 in Quality of Life, Retirement, Saskatchewan Pension Plan | 0 comments

October 26. 2017 — Whether you are a member of the “sandwich generation” with young children and older parents or you are a senior yourself, sooner or later you will need to understand the residential care options in Saskatchewan for individuals who can no longer live at home, and how much they cost.  Typically, residential facilities are characterized as either retirement homes or government-subsidized nursing homes. In the discussion below we distinguish between the two, the services...

read more

Oct 23: Best from the blogosphere

Posted by on Nov 9, 2017 in Money management | 0 comments

October 23, 2017 — Sustaining a blog for months and years is a remarkable achievement. This week we go back to basics and check in on what some of our favourite veteran bloggers are writing about. If you haven’t heard, Tim Stobbs from Canadian Dream Free at 45 has exceeded his objectives and retired at age 37. You can read about his accomplishment in the Globe and Mail and discover how he spent the first week of financial independence here. Boomer & Echo’s Robb Engen writes about why he...

read more

Your guide to upcoming CPP changes

Posted by on Nov 9, 2017 in Retirement, Saskatchewan Pension Plan | 0 comments

 October 19, 2017 ___ In June 2016 federal, provincial and territorial finance ministers finally reached an agreement to expand the Canada Pension Plan. However, because the changes will be phased in over an extended period, there has been considerable confusion among many Canadians about how both CPP contributions and benefits will increase, and who the winners and losers will be. The Globe and Mail reports that an expanded CPP is designed to address the shortfall in middle-income retirement planning...

read more