On February 21, 2018, Bill 149, An Act to enhance the Québec Pension Plan and to amend various retirement-related legislative provisions, was passed by the Quebec legislature. QPP Enhancements As outlined in our previous update, Bill 149 enhances the Quebec Pension Plan (QPP), in a manner similar to the forthcoming enhancements to the Canada Pension…
Practice Area: Pensions, Benefits & Compensation
Appellate Court Finds Employee Entitled to Bonus Which Vested after the End of the Notice Period
In Bain v. UBS Securities Canada Inc., the Ontario Court of Appeal upheld a lower court decision which awarded an employee who was dismissed without cause in February 2013 his bonus entitlements for 2012 and the first three months of 2013, as well as for the 18-month notice period. David Bain worked for UBS as…
Ontario Publishes Description of Proposed Variable Benefits Regulations for DC Plans
The Ontario government posted a description of proposed regulations on March 20, 2018 enabling it to implement the variable benefit (VB) provisions applicable to defined contribution (DC) plans under the Ontario Pension Benefits Act (PBA). Background – DC Decumulation Currently, Ontario members of DC plans who have terminated their employment with the plan sponsor and…
FTR Now on Federal Budget 2018 Mentioned in Benefits and Pensions Monitor
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…
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.
2018 Ottawa Client Conference / Conférence pour clients 2018
Join us as we discuss these latest legal developments and more as we present effective tips, strategies and best practices that can help your organization stay on the leading edge of human resources management.