By Choosing To Understand And Embrace Change, We Can Control It To Our Advantage

Morristown, TN, August 20, 2018 ― We are all affected constantly by change—and whether it's positive or negative change, our first response is usually fear. We fret over what this change will mean for us, and set up all sorts of scenarios in our mind of its possible outcome. But the truly successful men and women in business have a good understanding of change and use it to their advantage. If we continually avoid change, we stay in a rut and lose control of our life because we will have lost our freedom.

Ralph Masengill's latest book, Conquer Change and Win,  is the result of forty years of experience as a consultant, coach, advisor and public relations strategist, observing change and showing business leaders that embracing and understanding positive change is the guaranteed way to effective quality improvement and substantial profit enhancement. Out of this experience Ralph learned that successful people share certain traits: they are willing to take a calculated risk and endorse positive change, and they have learned how change affects their emotions and how to overcome this fear.

Masengill speaks from wisdom learned over his vast career, infused by an ethics-based value system of helping others and the community. While his own life has had its share of personal challenges, tragedy and triumph—his professional career has been defined by great success. In fact, Masengill Marketing Associates has been the recipient of over 850 national and regional advertising and marketing awards. In Conquer Change and Win, this best-selling author gives readers an easy-to-follow book, peppered with humor, that includes clear charts and graphs to illustrate important points.

Masengill's quote says it all: "Quality, like the flu, is catching. The more you are around it, the more you will see the advantages and want to be a part of the quality process. In other words, quality begets quality.”

Ralph Masengill is a graduate of the University of Tennessee and his postgraduate work includes the Dr. W. Edwards Deming course on quality and quality management. He and his wife Dianne live near the Great Smoky Mountains in East Tennessee, where he enjoys woodworking, oil painting, sailing and helping with his favorite charities in his spare time. They have four grown children, two dogs and a cat.

For more information on the author or his book, please visit http://masengill.com.

Conquer Change and Win
Available at all fine bookstores, the author's website, and Amazon.com and Kindle.
ISBN:  978-1515191872

Excerpts from 5-Star Reviews on Amazon.com:

"All information is right on target for those seeking info on how to succeed in life and business. If you only want to read one book on this subject, this is certainly a great choice.”

"… A fascinating look at how the relentless change we experience in our professional and personal lives affects us physically and emotionally. His down to earth explanations of coping strategies coupled with bits of humor make change easier to manage. Masengill reminds us that fear of change is normal and the anxiety, stress and anger that we experience cannot be controlled and should not be ignored. The magic happens when you learn to control your response to these feelings… This book will teach you how… I found applications from these chapters helpful in everyday life, for who among us could not be more persuasive socially or at home?”

"While this book's subject is change and change management, it could have easily been about success or winning in life. Ralph is able to mix expertise, fact and even a little humor (some at his own expense) not only to teach, but to also tell a story to the reader … A very easy, delightful read that I would recommend to anyone who is interested in improving their own life and/or their company's well-being.”

"A must read for anyone struggling with doing what is difficult but necessary in order to be successful. Don't let the title fool you. This book is a complete user's guide for accomplishing just about anything. A great read whether you want to accelerate change in the workplace or in your personal life.

"… [Author] certainly knows what he's writing about, because he has lived it--in daily life, work, health, and business. Ralph's trademark has always been: "Knowledge through humor"--and it still is. Every day in every way, he's a winner and has certainly conquered many changes to make his life great again when times were tough. And this book reflects how others can become conquerors, changers, and winners too!”

Lifestyle Changes: 4 Unique Ways to Improve Your Health and Wellness

In a world where people are growing increasingly unhealthy, it is important to keep your body in tip top shape more than ever before. By avoiding the need to frequently visit your doctor, you will save loads of money on expensive medical issues, and be less prone to be put on unnecessary medications. The following are four unique ways to improve your health and wellness.

 

Exercise Each Day

You probably already know that exercise is a critical part to maintaining a healthy lifestyle. What you may not know is that the best way to exercise is in short 15-minute sessions each day. When you start pushing for long exercise sessions, this can actually be damaging to your heart. Shorter, intense workouts have shown to do a lot more for maintaining health than when people exercise longer. Less rigorous exercise, such as a brisk walk, may be okay for 30-minutes, but this type of exercise is not so hard on your body.

 

Drink More Water

One thing too many people fail to do is drink enough pure waterthroughout their daily routine. Your kidneys actually need a good amount of water each day to properly filter waste products out of your body. So, by getting 64 to 128 ounces of water each day, you will be helping to keep your blood cleaner and your body far less toxic overall.

 

Deep Breathing

You have probably heard people say that you need to get your body to go alkaline. In fact, people eat and drink in more alkaline ways, but the easiest way to change the pH of your body more alkaline is to breathe deeply. As you breathe deeply, you will be releasing carbon dioxide and your body’s pH will increase as it moves from a lower acidic pH to a higher more alkaline pH instead. Furthermore, you will be able to get your body to go alkaline without tampering with the necessary highly acidic state of your stomach in the process.

 

Be Happy

As has been reported by the medical professionals running Skylonda Lodge, happiness is a primary key to a longer, healthier life. When you are negative all the time, you put your body through a tremendous amount of stress. This negative stress will wage war on your cells, and they will tend to shut down, not thrive. By practicing putting yourself in a good mood, you will significantly improve everything from your cell functionality to the way your immune system functions.

 

You only get one body in life, so you need to make sure it remains in a state of pristine health for as long as humanly possible. Otherwise, you will not enjoy life as you get older. There is no need to be riddled with aches, pains and an endless array of medical complications. So, now is the time to take command of your health and to ensure that you will be able to live a long, happy life where health is abundant.

High Tide Announces Conditional Approval by AGLC and Expects to Create over 400 Jobs

 

Calgary, AB, August 20, 2018 / CNW / − High Tide Ventures Inc. (“High Tide” or the “Company”) today announced that Alberta Gaming, Liquor & Cannabis (“AGLC”) has found Canna Cabana and its key representatives suitable for a one-year conditional approval in relation to its applications for retail cannabis store licenses. This is a major step towards becoming fully-licensed in the province of Alberta, with store inspections and licensing forming the final steps of the in-depth process. Those two steps are expected to occur closer to the legalization of recreational cannabis across Canada on October 17, 2018.

 

Receipt of conditional approval enables the Company to proceed confidently with the construction of all Canna Cabana stores for which it has development permits. “Since being established in 2009, this is truly one of the most important moments in our company’s history”, said Raj Grover, President & Chief Executive Officer of High Tide. “Receiving this conditional approval is a testament to the quality of the team that has been assembled to achieve the goal of becoming a major player in the downstream Canadian cannabis industry”, added Mr. Grover. As of today, High Tide is well on its way to being one of the largest recreational cannabis retailers in Alberta and is currently in possession of nine development permits for stores in the municipalities of Calgary, Edmonton, Fort Saskatchewan, Lethbridge, Morinville and Whitecourt.

 

Further to beginning construction on its stores, the Company will now also embark on conducting large job fairs in Calgary and Edmonton in September. Over 400 staff are expected to be hired, ranging in roles from sales associates to general managers. All staff working in the Company’s stores across Alberta will be required to hold a Qualified Cannabis Worker registration and complete the Sellsafe Cannabis Staff training program. SellSafe is a mandatory social responsibility training program designed to help retail cannabis staff understand what their responsibilities are to customers. The program also helps workers understand Alberta's cannabis laws and AGLC policies.

 

High Tide is positioned to be one of Canada’s largest retailers of cannabis products and lifestyle accessories. The Company expects to secure the maximum number of 37 retail cannabis outlets in Alberta, the maximum of eight expected locations in British Columbia, as well as a large number of leases for stores in Ontario as it prepares for the privatization of retail cannabis by April 1, 2019.

 

About High Tide Ventures Inc.

 

High Tide is a privately-held, Alberta-based, retail-focused cannabis corporation. It is among the most vertically-integrated companies in the Canadian cannabis market, with portfolio entities including RGR Canada, Smoker’s Corner, Famous Brandz, Canna Cabana and the majority of KushBar. High Tide’s strategy as a parent company is to extend and strengthen its retail-focused integrated value chain, while providing a complete customer experience and maximizing shareholder value.

 

Representing the core of High Tide’s business, RGR Canada is a high-quality and innovative designer, manufacturer and distributor of cannabis accessories. Founded in 2009 and approved by the Canadian Franchise Association, Smoker’s Corner is Canada’s largest counter-culture chain with 19 current locations. Famous Brandz is a dominant manufacturer of licensed lifestyle accessories, through partnerships with celebrities and entertainment companies like Snoop Dogg and Paramount Pictures, respectively, which are sold to wholesalers and retailers around the world. Upon the legalization of recreational cannabis across Canada on October 17, 2018, Canna Cabana is positioned to become a sizeable retail brand through a modern concept with a sophisticated yet playful customer experience, while KushBar is a retail concept that will also be focused on the valued Canadian cannabis consumer.

 

For more information about High Tide Ventures Inc., visit www.hightideventures.com

 

Forward-Looking Information

 

Certain statements in this news release are forward-looking information or forward-looking statements. Such information and statements, referred to herein as “forward-looking statements” are made as of the date of this news release or as of the date of the effective date of information described in this news release, as applicable. Forward-looking statements relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (generally, forward-looking statements can be identified by use of words such as “outlook”, “expects”, “intend”, “forecasts”, “anticipates”, “plans”, “projects”, “estimates”, “envisages, “assumes”, “needs”, “strategy”, “goals”, “objectives”, or variations thereof, or stating that certain actions, events or results “may”, “can”, “could”, “would”, “might”, or “will” be taken, occur or be achieved, or the negative of any of these terms or similar expressions, and other similar terminology) are not statements of historical fact and may be forward-looking statements.

 

Such forward-looking statements are based on assumptions that may prove to be incorrect, including but not limited to the ability of High Tide to execute on its business plan and that High Tide will receive one or multiple licenses from Alberta Gaming, Liquor & Cannabis, British Columbia’s Liquor Distribution Branch or the Saskatchewan Liquor and Gaming Authority permitting it to carry on its Canna Cabana and KushBar businesses. High Tide considers these assumptions to be reasonable in the circumstances, given the time periods for such outlook. However, there can be no assurance that any one or more of the government, industry, market, operational or financial targets as set out herein will be achieved. Inherent in the forward-looking statements are known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements, or industry results, to differ materially from any results, performance or achievements expressed or implied by such forward-looking statements.

 

The forward‐looking statements contained herein is current as of the date of this news release. Except as required by law, High Tide does not have any obligation to advise any person if it becomes aware of any inaccuracy in or omission from any forward-looking statement, nor does it intend, or assume any obligation, to update or revise these forward-looking statements to reflect new events or circumstances. Any and all forward-looking statements included in this news release are expressly qualified by this cautionary statement, and except as otherwise indicated, are made as of the date of this news release.

 

SOURCE High Tide Ventures Inc.

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Urotronic Closes $20M Series B Round of Financing

The investment will support the company's mission to develop revolutionary technologies that transform the global urology market

 

Plymouth, Minnesota (August 20, 2018)   - Plymouth based Urotronicannounced today it has raised $20 million in a strategic round led by HM (Hillhouse & Mayo Clinic) Ventures. Additional investments were made by CDBI Partners, OCXPROURO Limited andLegend Capital.  The investments will support the growth of the innovative device called Optilume™which combines balloon dilation with the delivery of an anti-proliferative drug to inhibit recurrence of blockages in the urinary tract.

"We are excited about the accomplishments our team has made," said Urotronic CEO David Perry. “This investment is really a validation of our work to this point and Urotronic’s potential to truly transform the urology market through innovative treatments for BPH and urethral strictures."

In clinical trials performed both in Latin America and the United States, Optilume™ has performed as intended in both opening blockages and inhibiting the formation of scar tissue which can develop quickly after any medical intervention.  The procedure can be performed in an outpatient setting, making it easier for physicians to learn and deliver to regions of the world where access to medical care is challenging.

That is an important consideration to investor Robert Luo, CEO of HM Capital, who notes international testing demonstrates the procedure can be implemented around the world.  “We see the hope of minimally invasive technology that can really improve the outcomes as well as the experience of the patients,” he said.

The number of urological procedures is growing rapidly as global population’s age and men are more susceptible to urinary tract problems.  BPH, or benign prostatic hyperplasia, impacts half of men by the age of 50.  It becomes more prevalent with age as the prostate gland surrounds the male urethra, becomes enlarged and obstructs the flow of urine from the bladder. Likewise, urethral strictures impact millions of men each year.  They are brought on byinfections, trauma and other urological procedures and can also block the pathway for urine.

In both cases, conventional treatments provide temporary relief but also include painful side effects.  Some of the most invasive treatments include cutting, steaming or permanent implants which can lead to tissue damage and prolong healing time.

“This technology is very disruptive and the end beneficiary is going to be the patients,” said investor and company board member Doug Kohrs. “Urotronic has embarked on an approach to treating BPH and strictures that no one else has ever taken.”

The Series B financing will be used to expand the Urotronic team, manufacturing space and complete the required clinical studies toward commercial approval in international and domestic markets.

About Urotronic, Inc. 
Urotronic, Inc., headquartered in Plymouth, Minnesota, is an early stage medical device company currently conducting clinical trials to support global commercialization of their products. The Optilume™ drug-coated balloon technology provides a low cost, minimally-invasive treatment option for men suffering from urinary track conditions like benign prostatic hyperplasia (BPH), urethral and ureteral strictures, and bladder neck contractures (BNC). The prevalence of BPH and lower urinary tract issues rises markedly with increased age. BPH affects 70% of men 60-69 years of age and 80% of those 70 years of age or older. The drug-coated balloon technology under development creates a paradigm change from the methods currently used by urologists to treat these conditions. For more information on Urotronic and our products, please visit us at   http://urotronic.com/   or to schedule interviews with any of these stakeholders contact publicist Robb Leer 612.701.0608.

Social Media Celebrity Writes Best-selling Book Addressing Stereotype Of "The Angry Black Woman”

Charlotte, NC, August 20, 2018 ― Charlotte pastor and face of the popular Car Chronicles Movement, Jameliah Young-Mitchell has penned The Death of the Angry Black Woman—a book published by Warren Publishing that discusses stereotypes faced by African-American women. The book released at #1 on Amazon.com for New Releases in the Anger Management category.

Anger can get the best of many women, but when anger erupts into rage and leads to shouting, fighting, and name-calling, it's time to look within and make a change. The Death of the Angry Black Woman boldly acknowledges stereotypes faced by women in the black community and uncovers the seeds that lead many to live anger-filled lives. Instilled with Biblical scripture and jaw-dropping honesty, this debut book from Pastor Jameliah Young-Mitchell, the voice behind the popular Car Chronicles Movement, will empower you to bury your anger, reject false labels, and embrace the new you.

"I wrote this book for all the women out there who are dealing with anger that they have yet to find the source of,” said Young-Mitchell. "Many women in the black community come from backgrounds of abuse, mistreatment, violence––and they become fighters. Through my book I hope to be that voice in their head, the one we all hear but rarely acknowledge, encouraging them to move on, let go of anger, reject hateful labels, embrace their powerful femininity, and live the life God intended them to live.”

Pastor Jameliah Young-Mitchell is the daughter of the late Evangelist Violetta B. Young and Pastor James I. Young, and grew up in Brooklyn, NY, as the youngest of four kids. She has preached across the United States and internationally and is the pastor of Unity Church Charlotte. Young-Mitchell is an experienced keynote speaker for women's empowerment, teen and youth mentoring, corporate America, and relationships. She is the voice behind the popular Car Chronicles Movement where she can be seen live on Facebook Monday through Friday at 7:30 a.m. Young-Mitchell is the proud mother of a son and daughter and resides in Charlotte, NC, with her husband, Calvin W. Mitchell.

The Death of the Angry Black Woman is available at warrenpublishing.net, Amazon.com, or wherever books are sold. Jameliah Young-Mitchell is available for book signings and interviews.

The Death of the Angry Black Woman
978-1943258-92-5
Release date: July 2018
Soft Cover
$15.00

#

TIP SHEET:

Select excerpts from many five-star reviews on Amazon.com:

"This book is an awesome read! The transparency and life examples of Pastor Jameliah Young- Mitchell gives [sic] the reader a firsthand view of what an overcomer looks like. There is something for everyone to learn and apply to their lives to become better people.”

"At first I wasn't interested in reading this book because I felt that I was not 'Angry' but as I read I discovered that I was angry and suffered some of the same things but learned how to mask the pain. This book allowed me to begin the process of a new me. I highly recommend this book to anyone that is in need of refocusing.”

"I recently joined a book club with a few other ladies and this was one of the first books recommended. I could relate to a lot of the content in the book and was able to dig a little deeper and have a little self-reflection afterwards. I highly recommend this!”

"I liked everything about the book. From the start to the end... it's a mind-blowing moment for real I tell you! This is a 10-star book.”

"This book is just awesome. It has definitely set me free, it has been a blessing to My Mind & Soul.”

"[Jameliah] is very candid in this book. She has a way of leading, teaching, and encouraging, all while openly acknowledging that she too is still learning. It is written in such a way that EVERYBODY can understand. I love it!!”

SOUL Electronics Launches World’s First AI Wireless Earphones with GAIT Analysis
The RUN FREE PRO BIO earphones monitor running form and provide real-time coaching to maximize performance
MIAMI– (August 20, 2018) – SOUL Electronics, a global leader in consumer audio designed for the active and fitness-oriented lifestyle, today announces its newest earphones powered by BEFLEX BiomechEngine®, the RUN FREE PRO BIO. Designed to serve as your own personal running coach, the RUN FREE PRO BIO are the world’s first AI earphones with Gait Analysis, offering real-time voice coaching to guide the user through their running program. By measuring various GAIT Analysis parameters such as cadence, symmetry, step length and width, balance, and even head tilt angle, the sweat-proof earbuds minimize the risk of injury and improve running efficiency to maximize results.
Using the SOUL FIT companion app, the RUN FREE PRO BIO earphones will collect GAIT Analysis data, monitoring running form and providing real-time coaching and intensive data for users to review after every run. The RUN FREE PRO BIO earphones boast up to 11 hours of playback with one charge and SOUL’s signature audio with Bluetooth for seamless connectivity in any environment. Available in Power Grey and Passion Red with multiple ear tip sizes, the RUN FREE PRO BIO is suitable for any user in any running environment and features a reflective cable with still LED lights for added safety during night runs.
“The RUN FREE PRO BIO not only provides our customers with superior sound quality, but with a myriad of special features that allows them to improve their running performance” says Angus Tsang, Vice President of Engineering, SOUL Electronics. “We wanted to release the world’s first AI earphones with GAIT Analysis that makes running more effective for any user, taking into consideration the time of day they choose to run, whether it is outdoors or at a gym and providing them with the best technology possible.”
The RUN FREE PRO BIO will launch for consumers in the U.S. on August 20, 2018 at www.soulelectronics.com and be available at a special 20% discount pre-order price of $119.99 until September 5. For European regions, RUN FREE PRO BIO will launch in Q4, 2018.
About SOUL Electronics
SOUL is a global leader in consumer electronics and manufacturinI g, with a rich history in delivery innovative technology and concepts including high quality audio, noise cancelling, and wireless products. Renowned sound engineers and Grammy award winning artist Chris “Ludacris” Bridges created the first headphones together. Our team is accustomed to pushing the envelope in making the best audio products for every lifestyle at affordable prices. We represent a vision for innovative superior features-driven designs with state-of-the-art acoustics, and a stylish appearance that can be found in SOUL’s past and future products.

Far From Theoretical, Suicide Prevention Treatment Is Available Now

Henderson, NV, August 20, 2018 — You have watched your nephew slide into a depression that seems irreversible. Your spouse wakes up each night with night terrors brought on by post-traumatic stress. A student in your class has gone from shy to reclusive, refusing to go outside his home. Despite caring families that have tried everything, the problems remain.

Matthew D. Dovel has dedicated his life's work to understanding and preventing suicide, depression, anxiety and post-traumatic stress, and believes he has found the solution. Dovel, the founder and president of the nonprofit International Suicide Prevention, has developed a noninvasive, nonmedical treatment program called Nu-Rekall® which trains individuals to rid themselves of emotional suffering and suicidal thoughts.

"In 2005, I delivered suicide intervention training at the Cree Reservation in Ouje-Bougoumou, Canada,” he says. "The 4 Phase technique reduced suicides from one nonfatal event and one fatal outcome per month to zero fatal outcomes in the subsequent six months.”

Dovel's system, called Zero Suicide System/Nu-Rekall®, is based on an understanding of how traumatic memories, ranked according to intensity, are stored in the brain. By altering this hierarchy and assigning an intense memory a lesser "rank” on the scale, the sufferer causes the memory to slip from the conscious mind. Dovel has been lecturing and training his method since 2015.

"I want to propagate this information to create a global shift in humanity and save as many lives as possible before my time here has ended,” Dovel says.

For more information on Matthew Dovel and Nu-Rekall®, please visit:
www.supportisp.org
www.facebook.com/matthew.dovel.3
www.linkedin.com/in/suicidepreventionexpert/

The painful truth, right now, is that we can’t solve autism. So how we can better support children with autism and their families today?

 

Distinguished autism scientist Bryna Siegel, Ph.D. has devoted her career to this question. Her answer, as laid out in her new book  The Politics of Autism (Oxford University Press, September 3, 2018), includes resetting today’s misguided priorities to better meet the real and immediate needs of most most individuals and families living with autism.

 

Here are 3 fundamental changes in mindset and policy she recommends:

 

1. Acknowledge that autism doesn’t disappear after childhood—but for most, will require a lifetime of special help. 

All too often, parents hold onto the belief that a fully functioning child is locked away inside their child with autism and can be coaxed out with techniques such as rapid prompting (RPM) or, facilitated communication (F/C). Investing all of one’s hope and energy in attempts to “cure” a child’s autism can deflect from steps that will help improve a child’s—and a family’s— present and future quality of life.

 

2. Approach autism as a family wellness issuenot just one child’s treatment checklist

Beyond selecting treatments and chauffeuring between therapies, parents need to understand how their child on the autism spectrum operates. With the right training and support, they can then better integrate the child into the flow of family life, which will help reduce anxiety and depression, foster a stronger relationship between spouses and create a better environment for siblings.

 

3. Provide job training, not special education

College is not the right path for all pupils, even if they’ve received special education throughout school. Above all, we need to improve the chances of future independence for children on the autism spectrum. This begins with employment. Instead of focusing on education, it’s time we figured out how to provide vocational training and apprenticeships to prepare individuals on the autism spectrum for work that leverages their unique strengths and is adaptable to typical autistic social weaknesses.

 

Morneau Shepell opens crisis line to support those affected by B.C. wildfires

 

Company's 24/7 free crisis line available now to those in need: 1.844.751.2133

VANCOUVER, Aug. 20, 2018 /CNW/ - As a result of the devastating wildfires blazing throughout British Columbia, Morneau Shepell has opened its 24/7 bilingual crisis support line to help anyone affected by the natural disaster.

"Our sympathies are with all of the communities that have been impacted by these wildfires and the residents who have been displaced from their homes as a result of the destruction. We also extend our heartfelt thanks to the brave members of the BC Wildfire Service and other firefighting communities who have tirelessly fought to protect our communities," said Stephen Liptrap, president and chief executive officer. "With more than 500 wildfires burning throughout the province, we know that many communities are looking for support through this difficult time. We are here to help and have opened our free 24/7 bilingual crisis line for anyone seeking emotional support."

A crisis or traumatic event can trigger overwhelming emotional responses. Morneau Shepell's national 24/7 crisis support line offers professional emotional support to anyone in crisis. By calling the crisis line, individuals can receive counselling support. Anyone affected by the wildfires in British Columbia can reach the free crisis support line at 1.844.751.2133.

The Company's employee and family assistance program is also available to existing clients through the designated toll-free number or by visiting workhealthlife.com.

About Morneau Shepell
Morneau Shepell is the only human resources consulting and technology company that takes an integrated approach to employee well-being, health, benefits and retirement needs. The Company is the largest administrator of retirement and benefits plans and the largest provider of integrated absence management solutions in Canada. LifeWorks by Morneau Shepell is a total well-being solution that combines employee assistance, wellness, recognition and incentive programs. As a leader in strategic HR consulting and innovative pension design, the Company also helps clients solve complex workforce problems and provides integrated productivity, health and retirement solutions.  Established in 1966, Morneau Shepell serves approximately 24,000 clients, ranging from small businesses to some of the largest corporations and associations. With more than 4,500 employees in offices across North America, Morneau Shepell provides services to organizations around the globe. Morneau Shepell is a publicly-traded company on the Toronto Stock Exchange (TSX: MSI). For more information, visit morneaushepell.com.

SOURCE Morneau Shepell Inc.

Bill C-74 receives final assent, providing enhancements to the Canada Pension Plan

 

An in-depth look at these and other subjects are covered in the current issue of the Morneau Shepell News & Views

TORONTO, Aug. 20, 2018 /CNW/ - Morneau Shepell released the August 2018 issue of its monthly newsletter, News & Views, in which the Company looked at a number of topics including: Bill C-74 receiving royal assent, adopting additional enhancements to the Canada Pension Plan (CPP); amendments to the OHIP+ youth pharmacare initiative; and more.

  • Bill C-74 receives royal assent – Bill C-74, which allows for enhancements to the CPP, received royal assent on June 21, 2018. The additional features will provide enhanced death and disability benefits in specific cases, as well as further protection of the value of benefits for caregivers of young children. Furthermore, a supplemental actuarial report shows that the CPP contributions are sufficient to fund the improvements in the long term.
  • Ontario to amend OHIP+ youth pharmacare plan – On June 30, 2018, the new Ontario government announced their intention to amend the OHIP+ youth pharmacare initiative, which the previous Liberal government introduced earlier this year. The change involves making OHIP+ the second payer for Ontario youth under the age of 25 who already have drug coverage through private drug benefit plans. Those who do not already have coverage will continue to have access to the drugs included in the Ontario Drug Benefit Formulary.
  • New funding policy requirements for defined benefit (DB) pension plans registered in Quebec – DB pension plans registered in Quebec have until January 4, 2019 to adopt a funding policy following the adoption of the Regulation to amend the Regulation respecting supplemental pension plans on January 4, 2018. The regulation applies to DB plans in both the private and public sectors and must be established by the person or body who may amend the plan.
  • Consultations respecting un-locatable pension plan members and unclaimed balances in pension plans – Pension plan administrators across Canada have dealt with the issue of un-locatable or missing plan members and dealing with unclaimed pension amounts. On June 21, 2018, the Canadian Association of Pension Supervisory Authorities (CAPSA) released a draft guideline for public comment, including recommended best practices and options for plan administrators searching for un-locatable pension plan members. On June 22, 2018, the federal Department of Finance launched consultation on a regime that would address unclaimed balances from federal pension plans.
  • B.C. court rules multi-employer pension plan allowed to keep information confidential – A B.C. court overturned the decision of a provincial privacy commissioner that the Superintendent of Pensions is required to disclose information related to union-sponsored multi-employer pension plans to a business association. The decision stemmed from United Association of Journeymen and Apprentices of the Plumbing and Pipefitting Industry of the United States and Canada, Local 170 v. British Columbia, where the Independent Contractors and Business Association (ICBA) requested information about 16 union-sponsored pension plans. In 2017, The Office of the Information and Privacy Commissioner ordered that all the information requested by ICBA be released by the Superintendent, which has now been reversed by the Supreme Court of British Columbia.
  • Findings from economic assumptions for accounting survey released – Morneau Shepell recently issued its 18th annual survey on the economic assumptions used by Canadian public companies to account for the costs of their defined benefit plans. Some highlights of the survey results include: discount rates at December 31, 2017 have decreased when compared to the previous year; more than three quarters of the companies surveyed used a compensation increase assumption between 2.5 per cent and 3.5 per cent; and those surveyed showed a 95 per cent overall ratio of pension assets to defined benefit obligation for accounting purposes.
  • Tracking the funded status of pension plans as at July 31, 2018 – Morneau Shepell shared the changes in the financial position of a typical defined benefit plan with an average duration since December 31, 2017. The graph in the newsletter shows the impact of three typical portfolios on plan assets and the effect of interest rate changes on solvency liabilities of medium duration.
  • Impact on pension expense under international accounting as at July 31, 2018 – Morneau Shepell showed the expense impact for a typical pension plan that starts the year at an arbitrary value of 100 (expense index). Since the beginning of the year, the pension expense has decreased by 8 per cent (for a contributory plan) due to an increase in discount rates.

About Morneau Shepell
Morneau Shepell is the only human resources consulting and technology company that takes an integrated approach to employee well-being, health, benefits and retirement needs. The Company is the largest administrator of retirement and benefits plans and the largest provider of integrated absence management solutions in Canada. LifeWorks by Morneau Shepell is a total well-being solution that combines employee assistance, wellness, recognition and incentive programs. As a leader in strategic HR consulting and innovative pension design, the Company also helps clients solve complex workforce problems and provides integrated productivity, health and retirement solutions. Established in 1966, Morneau Shepell serves approximately 24,000 clients, ranging from small businesses to some of the largest corporations and associations. With more than 4,500 employees in offices across North America, Morneau Shepell provides services to organizations around the globe. Morneau Shepell is a publicly-traded company on the Toronto Stock Exchange (TSX: MSI). For more information, visit morneaushepell.com.

SOURCE Morneau Shepell Inc.