An FTR Now written by Hicks Morley’s Natasha Monkman was mentioned in the March 5, 2018 Benefits and Pensions Monitor Daily News Alert. The alert summarizes the FTR Now titled “Federal Budget 2018“, which discusses the Budget key initiatives…
Practice Area: Pensions, Benefits & Compensation
Federal Budget 2018
On February 27, 2018 the federal government tabled its 2018 Budget, Equality & Growth: A Strong Middle Class (Budget). The Budget contains several key initiatives, including a new Employment Insurance parental sharing benefit, the permanent extension and expansion of the Employment Insurance Working While on Claim pilot project…
2018 Federal Budget Tabled
On February 27, 2018, the federal government tabled its Budget 2018, Equality + Growth: A Strong Middle Class. We are currently reviewing the Budget and an FTR Now which highlights initiatives of particular interest to employers, human resource professionals and pension plan administrators will be available shortly on our website. (Editor’s Note: Our FTR Now,…
FSCO Launches Targeted Compliance Review of Member Option Statements
In March, 2018, the Financial Services Commission of Ontario (FSCO) will commence a targeted review of pension plan member option statements to verify compliance with key requirements under the Pension Benefits Act (Act) and FSCO policies. In particular, FSCO will focus its targeted review on whether plan administrators are: meeting requirements for statement content and…
Successfully argued before the Social Security Tribunal, Appeals Division that employees on lockout are not entitled to Employment Insurance benefits.
Successfully argued before the Social Security Tribunal, Appeals Division that employees on lockout are not entitled to Employment Insurance benefits.
Hicks Morley Recognized as a Leading Firm by Chambers Global 2018
Hicks Morley is pleased to announce it has once again been ranked in Chambers Global 2018 in the area of Employment, Labour & Pensions.
Hicks Morley Advises on One of Lexpert’s Top 10 Deals of 2017
The restructuring of Stelco Inc. has been listed as one of Lexpert Magazine’s Top 10 Deals of 2017 and Hicks Morley, who acted for Stelco Inc. during the restructuring process as Labour and Pension and Benefits counsel, is recognized for the firm’s contributions.
Persuaded an arbitrator to uphold the discharge of a municipal employee for benefit fraud.
Persuaded an arbitrator to uphold the discharge of a municipal employee for benefit fraud.
Ontario Seeks Comments on Proposed New Funding Rules for PBGF Assessments
Much anticipated proposed regulatory amendments respecting the formula for calculating Pension Benefits Guarantee Fund (PBGF) assessments were published by the Ontario government on January 19, 2018 (Proposed Regulations). With unproclaimed amendments to the Pension Benefits Act (Ontario) set to enhance PBGF protection by increasing the guarantee from $1,000/month to $1,500/month, the proposed changes to the PBGF assessment formula are intended to maintain the viability of the PBGF.
Ringing in the New Year with New Pension Plan Funding Rules
This FTR Now describes the Funding Framework and the likely transitional rules that will be of considerable interest for employers when planning for 2018 and beyond, as well as related complementary measures.