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Ontario Introduces Draft Pension Reform Legislation

INTRODUCTION Following on the heels of the Report of the Ontario Expert Commission on Pensions (“OECP”), the Ontario Government released draft pension reform legislation on December 9, 2009. Bill 236, Pension Benefits Amendment Act, 2009 (“Bill 236”) marks the beginning of what the Government is calling a multi-stage pension reform process to modernize Ontario’s pension…

Natasha Monkman Contribute to Benefits and Pensions Monitor

Hicks Morley’s Natasha Monkman wrote an article entitled “A Uniquely Canadian Approach to Solvency Funding Relief” that appeared in the October issue of Benefits and Pensions Monitor and is also included on the magazine’s website. The article discusses in detail the different approaches to solvency funding relief undertaken by the federal and provincial governments in…

Effective Pandemic Planning

Employers have a general obligation under health and safety law to take all reasonable precautions in the circumstances to protect their workers. What does this entail, however, in a pandemic situation, such as the one currently facing employers? In our May 1, 2009 FTR Now – “Employer Bulletin: Influenza A(H1N1)” – we discussed some of…

Federal Government to Overhaul Federal Pension Laws

On October 27, 2009, the Honourable Jim Flaherty, Minister of Finance, announced proposed changes to the federal Pension Benefits Standards Act, 1985 (“PBSA”) and the associated Regulations. The PBSA and Regulations apply to pensions provided to employees employed in shipping, railway, air transportation, radio broadcasting, banks and other businesses within the legislative authority of the…

Recent Developments under the AODA

It was a busy summer of new developments under the Accessibility for Ontarians with Disabilities Act, 2005 (“AODA”), several of which employers and other organizations should note: the “Initial Proposed Accessible Built Environment Standard” was released for public comment; the “Final Proposed Accessible Information and Communications Standard” was submitted to the Minister for approval; the…

Covert Surveillance Guidelines for Federally Regulated Employers

On May 27, 2009 the Office of the Privacy Commissioner of Canada issued an OPC Guideline Document: “Guidance on Covert Video Surveillance in the Private Sector”. The Guideline Document outlines the Commissioner’s recommendations to private sector organizations engaging in covert surveillance in the course of commercial activity, as well as to federally regulated employers engaging…

Prior Approval for Commuted Value Transfers Now Required

Due to recent changes to the Regulations under the Ontario Pension Benefits Act, administrators of underfunded defined benefit pension plans registered in Ontario must in certain situations obtain the approval of the Superintendent of Financial Services of Ontario (the “Superintendent”) before transferring any part of the commuted value of a terminated member’s deferred pension or…