Category: New Brunswick
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New Brunswick Passes Bill 22 re Unclaimed Property
New Brunswick Bill 22, Unclaimed Property Act, received Royal Assent on March 17, 2020. Bill 22 establishes a new Act setting out a regime governing unclaimed property . . .
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New Brunswick Introduces Bill 22 re Unclaimed Property Act
New Brunswick introduced Bill 22, Unclaimed Property Act, for first reading on November 27, 2019. Bill 22 establishes a new Act setting out a regime governing unclaimed property . . .
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Driscoll v. Driscoll, 2019 NBQB 167 – Double Dipping Permitted Based on Spouse’s Circumstances
The Driscolls divorced after 29 years of marriage. During the marriage, Mr. Driscoll was the primary earner. Ms Driscoll stopped working to care for their son who was diagnosed with autism and required continuous supervision . . .
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Fredericton Police Association v. New Brunswick (Superintendent of Pensions), 2019 NBFCST 4, 5, 6 – Jurisdiction of the Tribunal & Other Procedural Issues
The New Brunswick Financial and Consumer Services Tribunal Decision rendered three procedural decisions related to the ongoing pension dispute between the Fredericton Police and Fire Fighters’ Associations and the City of Fredericton . . .
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Goyetche et al. v. International Union of Operating Engineers et al., 2019 NBCA 16 – No Evidence Union Acted in Bad Faith in Pension Negotiations As Grievance Would Have Failed
In August 2005, Smurfit-Stone permanently closed its mill in New Brunswick and terminated the employment of all mill employees. The employees who were under age 55 a the time of the closure were not eligible for a "regular pension". After the settlement of all of the employee obligations related to the mill closure, one of the Under 55 employees learned of a case - Bowater - where employees in a similar situation were able to use their recall rights to bridge to a full pension . . .
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New Brunswick FCNB Bulletins re PEI Plans & Marriage Breakdown
The New Brunswick Financial and Consumer Services Commission (FCNB) published two Pension Bulletins: Pension Bulletin 2018-04 - Marriage Breakdown and Pension Bulletin 2018-05 - The New Brunswick Pension Benefits Act and Prince Edward Island.
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New Brunswick Bulletin re Financial Statement and Actuarial Valuations
The New Brunswick Financial and Consumer Services Commission published Pension Bulletin 2018-03 regarding the filing of financial statements and actuarial valuation reports. In particular, the Bulletin specifies that these documents must be filed at the same time. Noting that these documents are often prepared by different service providers, the Bulletin suggests methods for ensuring that they are filed together through the Commission's online portal . . .
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Federal Passes Bill C-45 re Cannabis Legalization
On June 19, 2018, the Senate passed Bill C-45, An Act respecting cannabis and to amend the Controlled Drugs and Substances Act, the Criminal Code and other Acts, enabling the legalization of cannabis in Canada. The new cannabis regime is scheduled to come into force on October 17, 2018.
Bill C-45 and the related provincial legislation focus on: establishing the framework for the sale and distribution of cannabis; establishing legal limits on consumption, possession, sharing and growing; addressing health and safety issues; and setting out rules and penalties with respect to drug-impaired driving.
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New Brunswick Amendments re Shared Risk Plans
Effective January 1, 2018, New Brunswick has amended its Pension Benefits Act and Regulation 2012-75 to make certain changes respecting shared risk plans. These amendments are included in Bill 7 and Regulation 2017-49 (p. 79).
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New Brunswick Bill 22 re PRPPs
New Brunswick has introduced Bill 22, The Pooled Registered Pension Plans Act, for first reading. The Bill sets out the framework for pooled registered pension plans (PRPP) in New Brunswick.
New Brunswick is the latest jurisdiction to implement PRPPs. To recap, the federal, British Columbia, Nova Scotia, Ontario, Quebec, Manitoba and Saskatchewan governments have implemented PRPPs and signed the Multilateral Agreement Respecting Pooled Registered Pension Plans and Voluntary Retirement Savings Plans . . .
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