Articles

About Articles The following articles are published by the Pensions & Benefits Law Section of the Ontario Bar Association. Members are encouraged to submit articles. About Articles

Editors: Leslie Steeves and Michelle Rival

Today
Today

Ontario Bill 57 re PRPPs

  • January 19, 2015
  • Lesha Van Der Bij

Ontario introduced Bill 57, Pooled Registered Pension Plans Act, 2014 for first reading on December 8, 2014. If passed, the Bill will provide a legal framework for the establishment and administration of pooled registered pension plans.

Pensions and Benefits Law

Ontario Bill 56 re ORPP

  • January 19, 2015
  • Lesha Van Der Bij

Ontario introduced Bill 56, Ontario Retirement Pension Plan Act, 2014, for first reading on December 8, 2014. If passed, the Bill will establish the basic framework for the Ontario Retirement Pension Plan.

Pensions and Benefits Law

ORPP Consultation Paper #2

  • January 19, 2015
  • Lesha Van Der Bij

On December 17, 2014, the Ontario government released its second consultation paper regarding the Ontario Retirement Pension Plan. The paper identifies three key policy areas for discussion - (i) meaning of comparable plan; (ii) minimum earnings threshold; and (iii) supporting the self-employed - each of which is followed by a series of questions.

Pensions and Benefits Law

Ontario Amendments re SIPPs and Member Statements in Force

  • December 09, 2014
  • Lesha Van Der Bij

On November 27, 2014, amendments to the Regulations under the PBA came into force, revising the rules related to Statements of Investment Policies and Procedures and adding a new requirement to send pension statements to the plan’s former members and retired members.

Pensions and Benefits Law

Louben Sportswear Inc. v. Caisse de retraite des industries de la mode (UIOVD), 2014 QCCS 3260 (Que. Sup. Ct.) - Failure to Amend MEPP to Reflect Employer Withdrawal Results in Ongoing Liability for Plan Deficit

  • December 09, 2014
  • Laura Stefan

Louben Sportswear Inc. failed to ensure that a multi-employer pension plan in which it participated was amended to reflect its withdrawal from the plan. As a result, Louben was liable for its share of the plan deficit that had accumulated as of the wind up date (in 2012) rather than the lesser amount which had accumulated as of Louben's withdrawal date (in 2010).

Pensions and Benefits Law

Alberta Finance Issues Draft Interpretive Guidelines

  • December 09, 2014
  • Lesha Van Der Bij

Alberta Finance announced that it will be replacing all of its Policy Bulletins with Interpretive Guidelines. Over the past few months, it has released the first seven Guidelines in draft for comment.

Pensions and Benefits Law