On February 25, 2016, the Ontario government tabled its 2016 Budget “Jobs for Today and Tomorrow” and the corresponding Budget Bill, Bill 173, Jobs for Today and Tomorrow Act (Budget Measures), 2016.
Practice Area: Pensions, Benefits & Compensation
Ontario Filing Requirements for Statements of Investment Policies and Procedures and Form 14
Recent amendments to Ontario’s Pension Benefits Act regulations now require that administrators of Ontario registered pension plans file Statements of Investment Policies and Procedures (“SIPPs”) with the Financial Services Commission of Ontario (“FSCO”), together with a detailed information summary form (“Form 14”). We discuss these new filing requirements and supporting FSCO resources in this FTR…
ORPP Implementation Delayed to January 1, 2018
On February 16, 2016, the Ontario government announced that the first wave of Ontario Registered Pension Plan (“ORPP”) implementation has been delayed by one year to January 1, 2018. This change, which impacts certain large employers with more than 500 employees, is one of several significant developments outlined in this FTR Now. THE ANNOUNCEMENT The…
Preparing the Municipal Sector for the Ontario Retirement Pension Plan
The Ontario Retirement Pension Plan (“ORPP”) is coming and all municipal sector employers need to consider and prepare for the potential of ORPP participation and associated additional payroll costs commencing as early as January 1, 2017. In this FTR Now we provide an overview of the ORPP and highlight key issues that you should be…
Successfully defended a pension plan administrator in a series of applications before the Human Rights Tribunal of Ontario where the applicants claimed that the pension plan’s re-employment provisions discriminated against pensioners on the basis of age.
Successfully defended a pension plan administrator in a series of applications before the Human Rights Tribunal of Ontario where the applicants claimed that the pension plan’s re-employment provisions discriminated against pensioners on the basis of age.
Ontario Government Announces Additional ORPP Design Details
Editor’s Note: Following publication of this communication, the Ontario government announced that the first wave of ORPP implementation will be delayed by one year to January 1, 2018. Please be sure to read our FTR Now of February 17, 2016 for updated information on this significant development, or contact your regular Hicks Morley lawyer for…
Advised and represented a large newspaper publisher in multiple corporate transactions involving the acquisition and/or divestiture of employee benefit plans and pension or retirement plans, and the resulting asset and liability transfers.
Advised and represented a large newspaper publisher in multiple corporate transactions involving the acquisition and/or divestiture of employee benefit plans and pension or retirement plans.
Represented a large retail sector employer in the transition of its extensive employee benefits platform to new insurers, negotiating all aspects of the new insurance and service-related contracts.
Represented a large retail sector employer in the transition of its extensive employee benefits platform to new insurers, negotiating all aspects of the new insurance and service related contracts.
Successfully defended a plan administrator in an application seeking survivor benefits contrary to the pension plan terms.
Successfully defended a plan administrator in an application seeking survivor benefits contrary to the pension plan terms.
Represented multiple school boards in claims relating to enrolment in the Ontario Municipal Employees’ Retirement System.
Represented multiple school boards in claims relating to enrolment in the Ontario Municipal Employees’ Retirement System.