Practice Area: Pensions, Benefits & Compensation

B.C. PRPP Legislation Does Not Proceed Past First Reading

· 1 min read

As previously reported, the British Columbia government tabled Bill 16, Pooled Registered Pension Plans Act on February 28, 2013. With the adjournment of the Legislature on March 14, 2013 in anticipation of the May 14, 2013 provincial election, Bill 16 did not proceed past First Reading. Once the Legislature dissolves prior to the election, Bill…

Hicks Morley Recognized by Chambers Global 2013

Hicks Morley is pleased to announce it has been named in the Chambers Global 2013: The World’s Leading Lawyers for Business as a leading specialist practice for Employment & Labour and Pensions & Benefits in Canada. In commenting on the firm, sources have stated, “Hicks Morley always does an excellent job regarding labour matters.” “A…

Certain Old Age Security Amendments Contained in Federal Budget Bill Now in Force

· 1 min read

The federal government has fixed March 1, 2013 as the day sections 449, 450 and 453 of the Jobs, Growth and Long-term Prosperity Act (“JGLPA”) come into force. These sections amend the Old Age Security Act to provide for automatic enrolment of eligible persons for Old Age Security (“OAS”) pensions, to allow an eligible person…

British Columbia Introduces PRPP Legislation

· 1 min read

On February 28, 2013, the government of British Columbia introduced Bill 16, Pooled Registered Pension Plans Act. If passed, Bill 16 would authorize pooled registered pension plans (“PRPPs”) to be made available to provincially-regulated employees and self-employed persons in British Columbia, subject to the requirements set out in the federal Pooled Registered Pension Plans Act…

Regulation under Section 80.1 of the Pension Benefits Act Proposed

· 1 min read

The Ontario government has proposed a new regulation relating to pension asset transfers made under section 80.1 of the Pension Benefits Act (“Act”). Proposed content for this regulation was previously posted for consultation in July 2011. This regulation is required before section 80.1 of the Act comes into effect. Once proclaimed into force, that section…

Arbitrator Considers Employer’s Ability to Collectively Bargain Changes to Retiree Benefits

· 3 min read

In TRW Canada Ltd. and Thompson Products Employees’ Assn. (Retiree Benefits) (Re), collectively bargained changes to vested retiree benefits were found to have been made without lawful authority. The changes had been proposed by the employees’ association (“Association”), following a particularly hard round of collective bargaining, and after the employer threatened to close one of…

Susan Nickerson Quoted in Canadian Lawyer

Hicks Morley’s Susan Nickerson was quoted in the February 2013 edition of Canadian Lawyer. In an article entitled, “The pension conundrum”, Susan comments on a British Columbia case where two employees won a wrongful dismissal claim which focused entirely on projected losses associated with their pensions. Susan states, “the concept of being in a pension…

Rachel Arbour Interviewed by the Canadian Bar Association’s National TV

Hicks Morley’s Rachel Arbour was recently interviewed by the Canadian Bar Association’s National TV. In the interview, Rachel answers questions regarding the Indalex ruling and explains what it means to companies that sponsor and administer defined benefit pension plans. Watch the interview. Read our FTR Now which summarizes the Supreme Court’s decision in Indalex.

Supreme Court of Canada Weighs in on Plan Deficits and the Fiduciary Duty of Pension Plan Administrators in an Insolvency: Sun Indalex Finance, LLC v. United Steelworkers

· 15 min read

INTRODUCTION On February 1, 2013, the Supreme Court of Canada issued its highly anticipated decision in Sun Indalex Finance, LLC v. United Steelworkers, largely overturning the 2011 Ontario Court of Appeal decision. The Supreme Court upheld an expansive definition of the deemed trust under the Ontario Pension Benefits Act (“PBA”) and struck down a constructive…