Category: Saskatchewan
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Saskatchewan Extends Filing & Disclosure Deadlines
The Saskatchewan Financial and Consumer Affairs Authority posted a memo setting out extensions for certain filing and disclosure deadlines . . .
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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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Re CCRL Petroleum Employees’ Pension Plan, 2019 (Sask. Superintendent) – Plan Freeze & Partial Wind Up Are Not Void Amendments
The Consumers’ Co-operative Refineries Limited Petroleum Employees’ Pension Plan (the Plan) is a non-contributory defined benefit plan, which includes management and unionized employees. The Plan was closed to new management employees in 2007 and to new unionized employees in 2017. Effective December 31, 2019, CCRL amended the plan to: (i) freeze earnings, continuous service and pensionable service of the management members; and (ii) partially wind up the Plan with respect to such members . . .
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Status Update re Leaves of Absence
This year there have been several changes to leave of absence provisions in Canada. I report on these developments on my other service, Optimize Employment. For those of you who are not subscribers, I thought a quick recap of the developments would be helpful . . .
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Nickel v. Gerbrandt, 2019 SKQB 117 – Beneficiary Designation Not Altered by Later Designation in Employee’s Will
Herman Gerbrandt and Sharon Nickel lived in a common law relationship for 15 years, ending in 1998. During the relationship, Herman designated Sharon as his beneficiary under his workplace pension plan. After the relationship ended Herman wrote a holographic will providing his daughter, Tara Lynn Gerbrandt, with “any money owed to me from all pension plans . . .
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Saskatchewan Policy re Unlocking Pensions
The Saskatchewan Financial Consumer Affairs Authority published a bulletin regarding the potential options for unlocking pensions . . .
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Unifor Canada, Local 594 v. Consumers’ Cooperative Refineries Limited, 2018 CanLII 138671 (Arbitration Panel) – Employer Required to Credit Pensionable Service for Unpaid Absence
After reinstatement, each employee received a letter indicating that they would be credited with six months pensionable service for the period they were away from work. The pension plan is a non-contributory defined benefit plan.The union argued that since the employees were reinstated with "full seniority", they should be credited with pensionable service for the entire period they were off work . . .
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Saskatchewan Bill 151 re Priority of Pension Plan Deemed Trust
Saskatchewan Bill 151, The Personal Property Security Amendment Act, 2018, which is currently at first reading, includes amendments that would enhance the priority of amounts held in a pension plan's deemed trust . . .
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Status Update: Amendments in Force January 1, 2019
Amendments to federal, Ontario and Saskatchewan pension legislation came into force on January 1, 2019. See below for a quick recap . . .
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Saskatchewan Regulation re Filing Fees
Saskatchewan has filed Regulation 47/2018 amending the Saskatchewan Pension Benefits Regulation, 1993. The regulation increases the annual filing fees and adds new fees for filing plan registrations, amendments and actuarial valuations. The amendments come into force on January 1, 2019 . . .
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