Category: British Columbia
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Trustees of the IWA-Forest Industry Pension Plan v. Log Smart Contracting Ltd., 2020 BCCRT 730 – Owner/Director Personally Liable for Outstanding Plan Contributions
The IWA – Forestry Industry Pension Plan (the Pension Plan) and the IWA – Forestry Industry LTD Plan (the LTD Plan) are multi-employer, trusteed plans (the Plans). Per participation agreements, Log Smart was a participating employer in both the Pension Plan and the LTD Plan, and was required to make monthly employer and employee contributions to the Plans . . .
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CAPSA Announcement re Multi-Jurisdictional Agreement
Further to several jurisdictions publishing regulations/orders approving the 2020 agreement regarding multi-jurisdictional pension plans (the 2020 Agreement), CAPSA has released its communications regarding the adoption of the 2020 Agreement . . .
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Status Update: New Leaves of Absence
Most jurisdictions across Canada have added or updated an emergency or public health leave of absence. Below is a quick recap of changes to date . . .
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BCFSA Questions & Answers re COVID-19
The British Columbia Financial Services Authority (BCFSA) published Pension Bulletin 20-004, which provides a list of questions and answers related to COVID-19. The BCFSA also published Pension Bulletin 20-003, which provides the Superintendent’s interpretation of recent changes to Section 3500 of the Practice-Specific Standards for Pension Plans – Pension Commuted Values . . .
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BCFSA COVID-19 Relief Measures
The British Columbia Financial Services Authority published Pension Bulletin 20-002, COVID-19: Relief Measures for Pension Plans in British Columbia . . .
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New Agreement re Multi-Jurisdictional Pension Plans
British Columbia has filed an Order in Council (OIC) approving the 2020 Agreement respecting Multi-Jurisdictional Pension Plans (the 2020 Agreement), attached as a Schedule to the OIC. Per s. 27 of the 2020 Agreement, it replaces the 2016 Agreement as of July 1, 2020 in respect of the governments of B.C., Nova Scotia, Ontario, Quebec and Saskatchewan . . .
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The UA Full-Time Salaried Officers v. UA of Journeymen and Apprentices of the Plumbing and Pipe Fitting Industry, Local 170, 2020 BCSC 422 – Requirement to Participate in Pension Plan Requires Full Trial
The Board of Trustees of the United Association Full-time Salaried Officers and Employees of Local Unions, District Councils, State and Provincial Associations Pension Plan (the Board of Trustees) administers a defined pension plan (the UA Plan) established by the United Association of Journeymen and Apprentices of the Plumbing and Pipefitting Industry of the United States and Canada (UA International) for employees of its local (affiliated) unions . . .
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BCFSA Questions & Answers re New DB Funding Requirements
The British Columbia Financial Services Authority has published Bulletin 20-001, which provides a series of frequently asked questions regarding the new defined benefit funding requirements, which came into force on as of December 31, 2019 . . .
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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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Kraft v. Kraft, 2020 BCSC 283 – Survivor Benefit Split 50/50 Between Current & Former Spouses
The Krafts were married for 27 years when their marriage ended in 1997. Shortly after their separation, Mr. Kraft began living with Ms. Kempenaar. In 2015, Mr. Kraft retired . . .
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