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Pensions & Benefits Law Blog

Articles: 1-10 of 66

WSIB and OCEU complete first-ever SEPP to JSPP conversion in Canada

Canada - December 17 2020 With current market conditions and a low interest rate environment creating sustainability-related concerns for sponsors of defined benefit (“DB”)…

Bill 213: Possible relief from asset transfer procedures, IPPs free at last, and demystifying the successor pension plan regime

Canada - November 30 2020 On October 6, 2020, the Ontario government introduced in the legislature Bill 213, Better for People, Smarter for Business Act, 2020. Billed as part…

Pension “buy-back restriction” for part-time employees violates Charter

Canada - October 19 2020 On October 16, 2020, the Supreme Court of Canada (the “SCC”) released its decision in Fraser v. Canada (Attorney General) (“Fraser”). Fraser is a…

Ontario implements new funding relief measures for defined benefit plans

Canada - September 28 2020 On September 21, 2020, Ontario Regulation 520/20 (the “Amending Regulation”) which amends Regulation 909 under the Pension Benefits Act (Ontario)…

Electronic communications - A key tool for compliance with disclosure obligations for Ontario plan administrators amidst COVID-19 business disruption

Canada - June 1 2020 The ongoing COVID-19 pandemic continues to cause significant business disruption across all sectors of our society. Pension plan administrators are…

Round-up: Surveying regulatory and other relief impacting pension and benefit plans in Canada (COVID-19 update)

Canada - April 16 2020 The COVID-19 pandemic has brought rapid regulatory and legislative responses to provide relief to Canadian businesses and workers in many areas. In…

Obligations for pension and benefit plan sponsors under Ontario’s new emergency sick leave provisions

USA - March 27 2020 By way of Bill 186, Ontario amended the Employment Standards Act, 2000 (ESA), effective March 19, 2020, to establish new rules for emergency leaves…

COVID-19 - FSRA provides some regulatory relief

Canada - March 26 2020 Ontario’s provincial pension plan regulator, the Financial Services Regulatory Authority of Ontario (“FSRA”), recently published a communication…

Amendments to Ontario’s Pension Benefits Act include changes related to missing members, electronic communications and JSPPs

Canada - December 19 2019 Wide-ranging amendments to Ontario’s Pension Benefits Act (PBA) came into force on December 10, 2019 when the Better for People, Smarter for Business…

Discharge for annuity buy-outs in Ontario: It’s finally here!

Canada - November 21 2019 Ontario’s long-awaited changes to provide for statutory discharges on the purchase of buy-out annuities are finally in force. The buy-out annuity is…