On September 30, 2017, the Financial Services Commission of Ontario (FSCO) published a new policy outlining the procedures administrators must follow to obtain a waiver of the requirement to send biennial statements to missing former and retired members. Find out more in this FTR Now.
Practice Area: Pensions, Benefits & Compensation
Ontario Proposes Significant Reforms to the Pension Benefits Act and other Employment-Related Statutes
On November 14, 2017, the Ontario government introduced Bill 177, the Stronger, Fairer Ontario Act (Budget Measures), 2017 (Bill 177), omnibus legislation supporting key reforms outlined in the 2017 Ontario Economic Outlook and Fiscal Review (Fiscal Review), which was also released on that date.
Pensions and Benefits Hot Spots – The Back to School Edition
Hear from experts on key issues in the area of pensions and benefits law, including benefit plan coverage of medical marijuana, proposed changes to the defined benefit plan solvency funding framework, pension plan governance and recent case law developments. Understand how the National Mobility Agreement impacts your work with respect to practicing outside of Ontario.
Ontario Amends PBA and PRPP Regulations; Introduces Legislation Affecting Police Sector Asset Transfers
Annuity Purchases on Wind Up On November 3, 2017, O. Reg. 412/17, amending Regulation 909 (General) made under the Pension Benefits Act (PBA), was filed. As discussed in our FTR Now, Ontario’s Bill 70: The New Face of Pension Regulation Revealed, amendments will be made to the PBA requiring administrators appointed by the Superintendent of…
Quebec Proposes to Mirror CPP Enhancements
On November 2, 2017, the Quebec government introduced Bill 149, An Act to enhance the Québec Pension Plan and to amend various retirement-related legislative provisions. Among other things, Bill 149 will enhance the Quebec Pension Plan (QPP), in a manner similar to the forthcoming enhancements to the Canada Pension Plan (CPP) outlined in our FTR…
Ontario Proposes Regulatory Amendment Under ESA Permitting PRPP Differentiation Based on Age
On October 23, 2017, the Ontario government published a proposed draft amendment to O. Reg. 286/01 made under the Employment Standards Act, 2000 (ESA) to create a new exemption for pooled registered pension plans (PRPPs) with respect to age-based differentiation in certain circumstances. Currently, the ESA prohibits employers from providing a pension plan that treats employees,…
FTR Quarterly – Issue 7
In This Issue Extended EI Benefits – Top 3 Ways Your Workplace Could be Affected FTRQ&A – Chronic Mental Stress Pension Plan Funding Reform: At the Precipice Pension, Benefits & Executive Compensation Featured Articles Extended EI Benefits – Top 3 Ways Your Workplace Could be Affected By: Henry Dinsdale A number of recent changes to the…
Ontario Municipal Human Resources Association (OMHRA) One-Day Seminar: Combating Benefits Fraud
Several topics will be covered at this informative and interactive session including a discussion on Benefits Fraud Management, “Uncovering The Fraud”, Case Law Updates, the TTC Experience, Benefits Law/Governance and more!
Shivani Chopra Quoted in Benefits and Pensions Monitor on Marijuana Accommodation in the Workplace
Hicks Morley’s Shivani Chopra presented at the CPBI Ontario Regional Conference ‘Medical Marijuana in the Workplace’ and was featured in the Benefits and Pensions Monitor.
2018 EI Premium Rate, Maximum Insurable Earnings Set
The Canada Employment Insurance Commission (CEIC) has set the 2018 Employment Insurance (EI) premium rate at$1.66 per $100 of insurable earnings. This represents a 3 cent increase for employees over the 2017 rate, and 4 cents for employers who pay 1.4 times the employee rate. For Quebec residents covered under the Quebec Parental Insurance Plan,…