New Québec Restrictions on Amendments to Pension and Benefit Plans
As discussed in our last A.M. Pension webinar, the province of Québec recently enacted legislation that impacts the ability of a pension and benefit plan sponsor to amend its pension and benefit plans with respect to Québec employees. This article...
Pension Plans: Risk Management – Part II
In our most recent blog post, we discussed some of the risks for directors, officers and other stakeholders in the administration of a registered pension plan. In this blog post, we focus on the risks to sponsors and administrators of...
Pension Plans: Risk Management – Part I
Risk management is a key element in the governance of any registered pension plan. An important first step in risk management is the identification of potential risks. In Part I of a two-part blog post, we discuss the potential areas...
PIPEDA and the Digital Privacy Act: Part 2 – Application to Pension Plans?
As discussed in our most recent blog post, much attention has been given recently to the Digital Privacy Act[1] and the changes that will come into force later this year under the Personal Information Protection and Electronic Documents Act (“PIPEDA”)...
PIPEDA and the Digital Privacy Act: Part 1 – Application to Pension Plans?
Much attention has been given recently to the Digital Privacy Act [1] and the changes that will come into force later this year under the Personal Information Protection and Electronic Documents Act (“PIPEDA”) [2] in respect of mandatory breach reporting and...
Missing Pension Plan Members and Unclaimed Balances
Missing or unlocatable pension plan members and unclaimed balances under registered pension plans are a significant challenge for plan administrators. On June 21, 2018, the Canadian Association of Pension Supervisory Authorities (“CAPSA”) published draft “Guideline #9: Searching for Un-locatable Members...
Alberta: New Pension Rights for Common-law Spouses
As a result of a recent decision of the Alberta Court of Queen’s Bench, common-law spouses in Alberta now (finally) have the right to divide pension benefits on relationship breakdown. In this blog post, we discuss the change in pension...
Age Discrimination in Benefit Plans: Ontario
In a long-awaited Interim Decision issued on May 18, 2018, the Ontario Human Rights Tribunal (the “HRTO”) found in favour of Wayne (Steve) Talos, an applicant who is over 65 years of age and who claimed that he had experienced...
Pension Plan Communications: Be Careful What You Say
Administrators of registered pension plans are statutorily required to provide certain information to plan members and other plan beneficiaries. As the administrator of a single employer pension plan is often the employer, that obligation, therefore, falls on the employer. In...
The New World of Ontario Defined Benefit Plan Funding
After much discussion and debate, on May 1, 2018, much of the new rules under the Pension Benefits Act (Ontario) (“PBA”) in respect of defined benefit plan funding came into effect. The changes are significant and will dramatically alter the...
