Category: Federal
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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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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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Federal Government Passes Bill C-4 re Further COVID-19 Relief
Federal Bill C-4, An Act relating to certain measures in response to COVID-19, received Royal Assent on October 2, 2020. Bill C-4 enacts the Canada Recovery Benefits Act and amends the Canada Labour Code . . .
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Federal Amendments re CPP
The federal government published an amendment to the Canada Pension Plan Regulations. The amendment extends the period for people who are proactively enrolled in CPP (at age 70) to cancel their enrolment and pay back any benefits received . . .
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Federal Government Introduces Bill C-4 re Response to COVID-19
The federal government introduced Bill C-4, An Act relating to certain measures in response to COVID-19, for first reading on September 28, 2020. Bill C-4 replaces Bill C-2, which was introduced last week (see my earlier post). Bill C-4 includes changes to: the paid sick leave provision in the Canada Recovery Benefits Act and the COVID-19 leave of absence provision in the Canada Labour Code (the Code . . .
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Federal Government Introduces Bill C-2 re Response to COVID-19
The federal government introduced Bill C-2, An Act relating to economic recovery in response to COVID-19, for first reading on September 24, 2020. Bill C-2 enacts the Canada Recovery Benefits Act and amends the Canada Labour Code . . .
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OSFI Discussion Paper re Technology Risk
OSFI published "Developing financial sector resilience in a digital world: Selected themes in technology and related risks." While the paper refers to financial institutions (e.g., banks and insurance companies), it notes that federally-regulated pension plans often face similar risks and therefore the themes raised in this paper may apply to pension plans as well . . .
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Federal Amendments re COVID-19 Leaves & EI
The federal government has published amendments to the Canada Labour Standards Regulations related to COVID-19 leaves of absence, and Interim Order No. 8 and Interim Order No. 9 further amending the Employment Insurance Act in response to COVID-19 . . .
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OSFI Update re COVID-19 Portability Freeze
OSFI announced that, effective August 31, 2020, it is ending the temporary freeze on portability transfers and annuity purchases for defined benefit pension plans . . .
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