On July 1, 2012, significant amendments to the Pension Benefits Act made under the following acts were proclaimed into force: Pension Benefits Amendment Act, 2010 Securing Pension Benefits Now and For the Future Act, 2010 Better Tomorrow for Ontario Act (Budget Measures), 2011 Creating the Foundation for Jobs and Growth Act, 2010 As previously reported,…
Practice Area: Pensions, Benefits & Compensation
Pooled Registered Pension Plan Act Receives Royal Assent
The federal government has announced that Bill C-25, An Act relating to pooled registered pension plans and making related amendments to other Acts, will receive Royal Assent today, June 28, 2012. As previously reported, Bill C-25 is new legislation implementing the framework for federally regulated pooled registered pension plans (“PRPPs”).
Ontario Files Significant Regulations under the Pension Benefits Act
On June 26, 2012, the Ontario government filed a number of amendments to regulations made under the Pension Benefits Act (“PBA”). Specifically, the government filed the much anticipated O. Reg. 178/12 amending General Regulation 909 to support numerous pension reforms. As reported in prior posts and our FTR Now of May 9, 2012, “Implementation of…
Ontario Files BPS Solvency Funding Relief, JSPP Funding Rules and Filing of Actuarial Valuations Regulation
On June 22, 2012, the Ontario government filed O. Reg 164/12 made under the Pension Benefits Act, amending Regulation 909 (General). Generally speaking, plan administrators are required to file actuarial valuations within nine months from the date of the valuation. O. Reg 164/12 provides an extension to the window for filing actuarial valuations in accordance…
Federal Pooled Registered Pension Plan (“PRPP”) Legislation Passes Third Reading
On June 12, 2012, Bill C-25, An Act relating to pooled registered pension plans and making related amendments to other Acts, passed Third Reading in the House of Commons. It will proceed to the Senate for further debate.
Ontario Announces Consultations to Enhance BPS Pension Fund Investment Efficiencies
Further to initiatives first announced in its 2012 Budget, the Ontario government has appointed a special Pension Investment Advisor, Bill Morneau, to develop recommendations for the government’s consideration through a public consultation process in anticipation of a new legislative framework that will facilitate the pooling of pension fund assets in the broader public sector (“BPS”)….
2012 London Client Conference
Position Your Organization Ahead of the Field in Human Resources Since the founding of Hicks Morley in 1972, tremendous changes in the legal, social and technology landscape have affected the way employers in Canada manage their workplaces. Now more than ever, employers must take the lead and respond to the countless new and different challenges…
Federal Pooled Registered Pension Plan (“PRPP”) Legislation Reported Back to House
On May 28, 2012, Bill C-25, An Act relating to pooled registered pension plans and making related amendments to other Acts was reported back as amended to the House of Commons following its consideration by the Standing Committee on Finance, and the House passed a motion concurring with the report. Third reading of Bill C-25…
Hicks Morley Lawyers Named Leading Practitioners in the Canadian Legal Lexpert® Directory 2012
Hicks Morley congratulates each one of our lawyers who has been recognized as a leading practitioner in the Canadian Legal Lexpert® Directory 2012. Further details can be found on Lexpert.ca Toronto Harvey A. Beresford, Q.C. Labour Relations John E. Brooks Labour Relations John C. Field Employment Law Michael A. Hines Labour Relations Stephen J. Shamie…
2012 Ottawa Client Conference / Conférences de 2012 pour nos clients
Position Your Organization Ahead of the Field in Human Resources Since the founding of Hicks Morley in 1972, tremendous changes in the legal, social and technology landscape have affected the way employers in Canada manage their workplaces. Now more than ever, employers must take the lead and respond to the countless new and different challenges…