Category: Newfoundland & Labrador
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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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More Leaves of Absence in Response to COVID-19
Newfoundland introduced Bill 33, COVID-19 Pandemic Response Act, on March 26, 2020. Bill 33 includes amendments to the Labour Standards Act (LSA), adding a new communicable disease emergency leave . . .
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Newfoundland Regulation re Memorial Plan Funding Exemption
Newfoundland published Regulation 12/19 amending the Pension Benefits Act Regulations to extend the plan funding exemption for the Memorial University Pension Plan . . .
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Newfoundland Directive re IPP Funding & Requirements for Registration
Newfoundland and Labrador Pension Benefit Standards Division updated Directive No. 1: Requirements for Registration to include guidance regarding the registration of individual pension plans.
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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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Newfoundland Bill 5 re Individual Pension Plans
Newfoundland introduced Bill 5, An Act to Amend the Pension Benefits Act, on March 28, 2018. Bill 5 amends the Newfoundland Pension Benefits Act to apply provisions regarding payments on plan termination to individual pension plans (IPP), subject to an exemption where the members, former members and beneficiaries of the IPP consent.
If passed, the Bill comes into force on December 31, 2018.
Ed. Note: Bill 5 received royal assent on May 31, 2018.
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Reference re Section 32 of the Pension Benefits Act, 1997 2018 NLCA – Scope of Deemed Trusts and Nature of Lien & Charge
This is the latest decision related to the Wabush Iron Co. Limited, Wabush Resources Inc. and other related entities (Wabush) proceedings under the Companies’ Creditors Arrangement Act (CCAA).
The Newfoundland government referred a number of questions to the Newfoundland and Labrador Court of Appeal regarding: (i) the scope of the deemed trusts under the Newfoundland Pension Benefits Act, 1997 (NLPBA); (ii) the application of the federal Pension Benefits Standards Act (PBSA), and Quebec Supplemental Pension Plans Act (SPPA) to the proceedings; and (iii) whether the NLPBA lien and charge constituted a valid secured claim in favour of the pension plan administrator.
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Newfoundland Regulation re Municipal Plan Exemption
Newfoundland amended its Regulation to exempt the Newfoundland and Labrador Municipal Employees Benefits Inc. Pension Plan from solvency funding for a five-year period . . .
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Newfoundland Regulation Amendments re Solvency Funding Exemptions
Newfoundland published a series of amendments to Regulation 114/96 under its Pension Benefits Act.
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Newfoundland Establishes Teachers’ Pension Plan
Newfoundland introduced Bill 28, An Act Providing for the Funding of Certain Pension Plans and Retirement Benefits Sponsored by the Province, for first reading on May 26, 2016.
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