Category: Saskatchewan
-
Saskatchewan Amends Pension Benefits Regulation
Saskatchewan published Regulation 25/2021, amending The Pension Benefits Regulations, 1993. The amendment makes changes in relation to the Saskatchewan Teachers’ Retirement Plan (the Plan . . .
This content is only available to subscribers. Please login or go to www.optimizelegal.com to learn more about this product. -
Saskatchewan Update re Freeze on Transfers and Payments
The Saskatchewan Superintendent of Pensions published an update regarding the freeze on transfers or payments out of defined benefit plans . . .
This content is only available to subscribers. Please login or go to www.optimizelegal.com to learn more about this product. -
Saskatchewan Consultation re DB Plan Funding
The Saskatchewan Financial and Consumer Affairs Authority has published a consultation paper: "A Review of the Pension Funding Framework for Single Employer Defined Benefit Plans in the Private Sector and Other Complementary Reform Measures Applicable to All Defined Benefit Plans . . .
This content is only available to subscribers. Please login or go to www.optimizelegal.com to learn more about this product. -
Saskatchewan Consultation re Financial Hardship Unlocking
The Saskatchewan Financial and Consumer Affairs Authority has published a consultation paper: Financial Hardship Unlocking from a Locked-In Retirement Account (LIRA . . .
This content is only available to subscribers. Please login or go to www.optimizelegal.com to learn more about this product. -
Re CCRL Petroleum Employees’ Pension Plan, 2020 (Sask. Superintendent) – Reducing Indexation for Past Service is Void Amendment
The Consumers’ Co-operative Refineries Limited (CCRL) Petroleum Employees’ Pension Plan (the Plan) was initially a non-contributory defined benefit plan, which included management and unionized employees. In 2020, CCRL and the union agreed to make further changes to the Plan with the objective of lowering the costs of the Plan for CCRL . . .
This content is only available to subscribers. Please login or go to www.optimizelegal.com to learn more about this product. -
Prime v. Prime, 2020 SKQB 326 – Pension Division Includes Excess Contributions
As a part of the Primes' divorce proceedings, the Saskatchewan Court of Queen's Bench was asked to review the division of Ms Prime's pension. In particular, the Court considered whether the division of family property should include both the commuted value of Ms Prime's pension and excess contributions to which she was entitled . . .
This content is only available to subscribers. Please login or go to www.optimizelegal.com to learn more about this product. -
Saskatchewan Amends Pension Benefits Regulation
Saskatchewan amended The Pension Benefits Regulations, 1993 (the Regulations) to exempt the Saskatchewan Teachers’ Retirement Plan, the Target Retirement Income Plan for the Regina Police Service, the Saskatoon Fire Fighters’ Pension Plan and the Saskatoon Police Pension Plan from the holdback requirement on commuted value transfers . . .
This content is only available to subscribers. Please login or go to www.optimizelegal.com to learn more about this product. -
Boreen v. Mosaic Esterhazy Holdings ULC, 2020 SKCA 132 – Common Law Wife’s Disentitlement to Pension Not Due to Any Employer Negligence
After Mr. and Ms Holmes separated in 1993, they never entered into a formal separation agreement nor legally divorced. Mr. Holmes subsequently lived with Ms Boreen, as a common law couple, until his death in 2014 . . .
This content is only available to subscribers. Please login or go to www.optimizelegal.com to learn more about this product. -
Saskatchewan Updates Freeze on Transfers or Payments
The Saskatchewan Superintendent of Pensions published an update regarding the freeze on transfers or payments out of defined benefit plans . . .
This content is only available to subscribers. Please login or go to www.optimizelegal.com to learn more about this product. -
United Food And Commercial Workers International Union, Local 248-P v. Maple Leaf Foods Inc., 2020 CanLII 49107 – Settlement of Employee Under & Over Contributions
Maple Leaf Foods sponsors a defined benefit (DB) and a defined contribution (DC) plan. In 2003, the DB plan was closed to new members, and new employees were enrolled in the DC Plan. In 2018, Maple Leaf discovered numerous examples of employees over and under-contributing to both plans . . .
This content is only available to subscribers. Please login or go to www.optimizelegal.com to learn more about this product.