On December 10, 2015, the Ontario government amended the Regulations under the Pension Benefits Act (“PBA”) to require pension plans to use the new mortality tables when calculating commuted values (“CVs”) for Ontario members. The use of the new mortality assumptions, which are found under section 3500 of the Actuarial Standards Board Standards of Practice…
Practice Area: Pensions, Benefits & Compensation
Deadline for Filing Amendments Relating to British Columbia’s PBSA Reform Extended
Significant reforms to the Pension Benefits Standards Act (“PBSA”) in British Columbia came into force on September 30, 2015. Originally, amendments to plans registered in British Columbia which reflect the new legislative requirements had to be filed by December 31, 2015. This week the British Columbia Financial Institutions Commission announced that the filing deadline will be extended to March 31,…
Successfully represented a major bank on a multi-million-dollar human rights proceeding involving the bank’s pension plan before the Canadian Human Rights Tribunal.
Successfully represented a major bank on a multi-million-dollar human rights proceeding involving the bank’s pension plan before the Canadian Human Rights Tribunal.
Successfully represented a hospital in a judicial review application relating to jurisdiction of an arbitrator to hear a significant pension claim.
Successfully represented a hospital in a judicial review application relating to jurisdiction of an arbitrator to hear a significant pension claim.
Natasha D. Monkman
Natasha Monkman is a pensions and benefits lawyer in Hicks Morley’s Toronto office and the chair of the firm’s Pensions, Benefits and Compensation Practice Group. She regularly advises employers on governance, plan administration, investment and compliance matters relating to their employee benefit plans and pension plans as well as compensation matters.
Frank Cesario
Frank is a senior litigator in Hicks Morley’s Toronto office. He is a strategic counsel for his clients, and has significant courtroom and hearing experience representing clients in complex and high-profile cases.
Represented a media company plan administrator before the Ontario Superior Court and the Court of Appeal for Ontario in a precedent-setting case establishing the standard for separation agreement language needed to create a pension plan assignment following a member’s marriage breakdown.
Represented a media company plan administrator before the Ontario Superior Court and the Court of Appeal for Ontario in a precedent-setting case establishing the standard for separation agreement language needed to create a pension plan assignment following a member’s marriage breakdown.
Natasha Monkman Appeared on Heirs + Omissions a Cable 14 Hamilton Legal Talk Show
Hicks Morley’s Natasha Monkman was a guest on Heirs + Omissions November 24, 2015. Natasha and show host, Adam Cappelli, discussed spousal and beneficiary entitlements under registered pension plans.
Ontario to Reform Certain Workplace Laws Relating to Construction Labour, Pensions and Workplace Safety and Insurance
On November 18, 2015, the Ontario government introduced Bill 144, the Budget Measures Act, 2015, omnibus legislation that would, if passed and among other things, implement reforms to construction labour relations, workplace safety and insurance indexing and to certain rules governing multi-employer pension asset transfers. The proposed Bill 144 changes include: Amending the construction industry provisions of…
Update on Timing of Proposed Changes to Taxation of Stock Options
In remarks accompanying the new federal government’s first fiscal update, on November 20, 2015, Canada’s Minister of Finance provided further guidance on proposed changes to tax rules that would limit the annual deduction from income that employees can claim upon exercising stock options. Significantly, Minister Morneau indicated that any such changes would only apply to…