Employers are increasingly redesigning benefits and pension plans to reflect changing workforce demographics, from caregivers and part-time employees to multigenerational workforces, says Francis Boulianne, principal of health and benefits at Normandin Beaudry.

The shift comes as Canada’s workforce continues to evolve. According to 2025 Statistics Canada data, the labour force participation rate among Canadians aged 65 and older reached a record 15.2 per cent, reflecting a growing number of employees working beyond traditional retirement age and contributing to increasingly multigenerational workplaces.

“We’re moving away from those more one-size-fits-all [plans],” says Boulianne. “Different ages, different cultures come with different needs, so it’s about providing that flexibility.”

Read: Half of U.S. women say caregiving responsibilities impacting career ambitions: survey

That flexibility is taking shape in a number of ways, from expanding........

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