Category: Alberta
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Alberta Update re Pension Plan Administrative Relief
Alberta published EPPA Update 20-01, which sets out administrative relief for pension plan administrators in response to COVID-19 . . .
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New Leaves of Absence in Response to COVID-19
A number of provinces have added new leaves of absence (or amended existing ones) in response to COVID-19 . . .
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Alberta Updates Financial Hardship and Interest Rate Guidance
Alberta Treasury Board and Finance updated its guidance and form regarding financial hardship unlocking . . .
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Status Update: Coming Into Force January 1, 2020
This post provides a quick recap of what is (and what is not) coming into force on January 1, 2020 . . .
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Alberta Regulations re JSPPs & Pension Division on Relationship Breakdown
Alberta filed two regulations: Budget Implementation (Pensions) Amendment Regulation (Budget Regulation) and the Pension Plans Regulations (Family Property) Amendment Regulation (Family Law Regulation), which amend the Employment Pension Plans Regulation . . .
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Alberta Passes Bill 22 re Public Sector Pension Plans
Alberta passed Bill 22, Reform of Agencies, Boards and Commissions and Government Enterprise Act, 2019, on November 22, 2019. Bill 22 includes amendments to the Employment Pension Plans Act and the Joint Governance of Public Sector Pension Plans Act . . .
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Alberta Bill 22 Includes Public Sector Pension Amendments
Alberta introduced Bill 22, Reform of Agencies, Boards and Commissions and Government Enterprise Act, 2019, for first reading on November 18, 2019. Bill 22 includes amendments to the Employment Pension Plans Act and the Joint Governance of Public Sector Pension Plans Act . . .
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Stalzer (Estate) v. Stalzer, 2019 ABQB 658 – Pension Continues to be Divisible After Death of Former Spouse
The Stalzers separated in 2006 and subsequently commenced divorce proceedings. Mr. Stalzer died in 2016, while the divorce proceedings were still ongoing. Among the outstanding issues - being litigated by Ms Stalzer and the couple's estate (i.e., children) - was the division of the Stalzers' pensions . . .
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Calder v. Alberta, 2019 ABCA 289 – Court Upholds Lower Court Decision re Plan Interpretation and Negligent Misrepresentation
At the time of his retirement, Calder was advised that his pension under the Old Plan would be based on his highest average annual salary over a 5-year period (i.e., whether earned before or after the closure of the Old Plan). A couple of years later, however, the APSC decided that its interpretation of the Old Plan had been incorrect. The APSC was now of the view that the salary earned after the Old Plan closure should not to be taken into account when calculating pensions under that plan . . .
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Young v. Williamson, 2019 ABCA 110 – Former Spouse Entitled to Share of Gross Amount Despite Plan Shortfall
Upon the end of Young and Williamson's marriage, they agreed that Young would be entitled to a percentage of the "gross amount" of Williamson's “Private Pension/Residual Partnership Interest" (the RPI/Pension) "when it is received". The percentage is determined based on a formula . . .
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