Andrew is experienced in assisting senior management and in-house counsel at large public sector-institutions with employee benefit and executive compensation advisory matters.
Practice Area: Pensions, Benefits & Compensation
2023 in Review – Key Legislative Updates
Last week we published “The Year in Review – 2023 Cases of Note.” This week we are back with our review of notable legislative updates from 2023 that we believe will be of interest to employers, human resources professionals and pension plan administrators. We also identify some legislation to watch for in 2024. Ontario Employment…
Final Phase of 2016 CPP Enhancements Takes Effect January 1, 2024
Starting in 2024, mandatory contributions to the Canada Pension Plan (CPP) will increase with the introduction of additional CPP contributions up to a second earnings ceiling. The increase comes as part of the final phase of enhancements to the CPP that was introduced in 2016 through the federal Bill C-26, An Act to amend the…
Hicks Morley Named a Winner of Benefits and Pensions Monitor’s Service Provider Awards
Hicks Morley has been named a winner of Benefits and Pensions Monitor’s inaugural Service Provider Awards.
OSFI Releases Details on New Supervisory Framework
The Office of the Superintendent of Financial Institutions (OSFI) has released information on the renewal of its supervisory framework (Framework) for federally regulated financial institutions and pension plans. The new Framework is part of OSFI’s blueprint for transformation and is the first complete review of the Framework in almost 25 years. Purpose The Framework guides…
Chambers Canada 2024 Guide Recognizes Hicks Morley for Employment & Labour and Pensions & Benefits
Hicks Morley has once again been recognized as a leading law firm in the Chambers Canada 2024 Guide for Employment & Labour (Ontario and Nationwide) and Pensions & Benefits (Nationwide). The firm is noted for being a “very strong boutique employment firm with great client service,” with one client saying, “For work relating to collective bargaining, Hicks Morley Hamilton Stewart Storie is the place to go,” and another remarking, “We couldn’t do it without them.”
Human Resources Professionals Association (HRPA): Canadian Pensions Certificate Program
The landscape of pension and retirement savings has become much more complex over the years. Longer life expectancies and workplace demographics that often skew toward the more mature end of the spectrum are also complicating factors. As pension law and regulation continue to evolve, a good understanding of the legal framework, best practices and risk management is critical to successful plan administration.
Ontario Pension Plan Update: Ongoing Consultations of Interest
Ontario’s Ministry of Finance (Ministry) and the Financial Services Regulatory Authority (FSRA) have issued two separate consultations of interest to employers related to the design and governance of pension plans in Ontario. Consultations on “A Permanent Framework for Target Benefit Plans” The Ministry has published a second consultation paper regarding its proposed target benefit framework….
The Law Society of Ontario: The Eight-Minute Labour Lawyer 2023
If you are a labour lawyer, the Law Society of Ontario’s “Eight-Minute” is the go-to program for the busy legal practitioner. The time limit for each speaker ensures concise, compelling presentations with keen analysis on developments in labour law.
Ontario Government Consultation on Permanent Framework for Target Benefit Plans
The Ontario government previously announced the launch of consultations on proposed regulations related to the implementation of a permanent legislative framework for target benefit multi-employer pension plans (MEPPs) in the province. The permanent framework would replace temporary funding regulations for Specified Multi-Employer Pension Plans (SOMEPPs) set to expire in 2024. The proposed framework will replace…