Category: Saskatchewan
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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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Saskatchewan Amends Regulations to Freeze Transfer Payments
Effective April 16, 2020, Saskatchewan amended The Pension Benefits Regulations, 1993 to require administrators to obtain prior written consent from the Superintendent to transfer monies or make payments out of defined benefit plans if, in the Superintendent’s opinion, the transfer or payment would impair the solvency of the pension fund . . .
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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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