Category: Saskatchewan
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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 . . .
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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 . . .
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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 . . .
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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 . . .
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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 . . .
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Status Update: Temporary Layoffs
Typically, under employment standards legislation, a temporary layoff longer than a specified period is considered a permanent layoff (i.e., requiring an employer to provide employees with written working notice of termination and/or to pay termination and severance pay). This post provides a quick review of the jurisdictions that have extended or created exemptions from the temporary layoff periods in response to COVID-19 . . .
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CAPSA Announcement re Multi-Jurisdictional Agreement
Further to several jurisdictions publishing regulations/orders approving the 2020 agreement regarding multi-jurisdictional pension plans (the 2020 Agreement), CAPSA has released its communications regarding the adoption of the 2020 Agreement . . .
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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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Saskatchewan Approves Agreement re Multi-Jurisdictional Pension Plans
Further to my earlier post regarding the new (2020) Agreement Respecting Multi-Jurisdictional Pension Plans, Saskatchewan has filed an Order in Council (195/2020) approving its participation in the Agreement . . .
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Saskatchewan Announcement re Suspension of DC Plan Contributions
Further to the Canada Revenue Agency announcement earlier this week, the Saskatchewan Financial and Consumer Affairs Authority announced that it would allow plan amendments suspending employer contributions to a defined contribution plan where the amendment . . .
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