My Updates
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Fraser v. Canada (Attorney General) 2020 SCC 28 – RCMP Pension Plan Design Discriminates Against Job-Sharing Women
Fraser, Pilgrim and Fox (the Appellants) are mothers and former members of the RCMP. While employed by the RCMP, the Appellants participated in the RCMP’s job sharing program, which permitted them to work reduced hours. The Appellants’ pension benefits for their job-sharing periods were calculated in the same manner as pension benefits were calculated for RCMP members who worked part-time hours. Thus, they were entitled to reduced pensionable service and, accordingly, a lower pension benefit on retirement. Unlike RCMP members who take a leave of absence without pay, the Appellants did not have the option of buying . . .
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Manitoba (Re)Introduced Bill 8 re Pension Benefits Act
Manitoba introduced Bill 8, The Pension Benefits Amendment Act, for first reading on October 14, 2020. Bill 8 includes the following amendments to the Manitoba Pension Benefits Act (PBA . . .
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OSFI & FSRA Announcement re Committee to Review DC Plans
The Office of the Superintendent of Financial Institutions and the Ontario Financial Services Regulatory Authority announced that they are establishing a committee to review the approach of both regulators to supervising defined contribution plans . . .
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Federal Amendments re EI & Wage Subsidy
The federal government published an interim order amending the Employment Insurance Act and amendments to the Income Tax Regulations related to COVID-19 relief . . .
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Ontario FSRA Consultation re Statement of Priorities
The Ontario Financial Services Regulatory Authority published its Statement of Priorities for 2021-22 for comment . . .
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Denluck v. The Board of Trustees for the Boilermakers’ Lodge 359 Pension Plan, 2020 BCSC 1460 – Class Action re Cancelled Commuted Value Transfers
When Denluck transferred his pension out of the Boilermakers’ Lodge 359 Pension Plan (the Plan), he was advised that since the Plan was underfunded, about a quarter of the commuted value of his pension would be held back (the Transfer Deficiency . . .
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McHayle v. Ontario (CEO of FSRA), 2020 ONFST 10 – Electronic Hearing is Reasonable
A matter involving McHayle, OPTrust, OPSEU and the Ontario government was scheduled to proceed before the Financial Services Tribunal by way of electronic hearing. McHayle, the applicant, opposed the electronic hearing, arguing that there could be technological issues or a power failure, and it would hinder the ability to cross-examine and assess credibility . . .
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Quebec Bill 68 re Target Benefit Plans
Quebec introduced Bill 68, An Act mainly to allow the establishment of target benefit pension plans, for first reading on October 7, 2020. Bill 68 amends the Supplemental Pension Plans Act, to permit the establishment of target benefit pension plans . . .
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Ontario Bill 213 Includes PBA Amendments
Ontario introduced Bill 213, Better for People, Smarter for Business Act, 2020, for first reading on October 6, 2020. Bill 213 includes amendments to the Pension Benefits Act (PBA) expanding the Financial Services Regulatory Authority's (FSRA) powers to waive PBA notice requirements and make its own rules regarding notice requirements . . .
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Saskatchewan Updates Freeze on Transfers or Payments
The Saskatchewan Superintendent of Pensions published an update regarding the freeze on transfers or payments out of defined benefit plans . . .
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