Tag: Act s. 67.2
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Van Delst v. Hronowsky, 2020 ONCA 329 – Ontario PBA Applies with “Necessary Modifications” to Federal Pension Valuation
Ms Van Delst and Mr. Hronowsky both worked for federal government bodies subject to the Public Service Superannuation Act (PSSA). When their marriage ended, they each had differing views on the proper valuation of their pensions. Van Delst commenced an application with the Ontario Superior Court per the Ontario Family Law Act (FLA . . .
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Ontario Bill 132 Includes PBA Amendments
Ontario introduced Bill 132, Better for People, Smarter for Business Act, 2019, for first reading on October 28, 2019. Bill 132 includes amendments to the Ontario Pension Benefits Act . . .
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Van Delst v. Hronowsky, 2019 ONSC 2569 – Pension Valuation on Marriage Breakdown
Ms Van Delst and Mr. Hronowsky were both members of the Public Service Superannuation Plan. When their marriage ended, they each had differing views on the proper valuation of their pensions . . .
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FSCO Notice of Intended Decision re Disclosure & Family Law Calculation
The Ontario Superintendent of Financial Services issued a Notice of Intended Decision (NOID) regarding a plan administrator's disclosure obligations and authority to charge fees for family law calculations . . .
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Gallagher v. Gallagher, 2019 ONSC 1301 – Court Corrects Order re Application of Interest to Pension Transfer
Upon the breakdown of the Gallagher's marriage, Mr. Gallagher's Canadian Forces pension was valued at $812,825 with the Ms. Gallagher's interest being one half of this amount or $406,412.50. The actuary noted that while the Ontario Pension Benefits Act requires interest to be credited at an annual rate of 2% from the "Family Law Valuation Date" to the date of transfer, there was no equivalent provision in the Pension Benefits Division Act . . .
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Cirocco v. Cirocco, 2017 ONSC 97 – Administrator Ordered to Provide Commuted Value Dispensing with Need for Member Signature
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Flashback: Heringer v. Heringer, 2014 ONSC 7291 – Applying Interest to Pension Division on Marriage Breakdown
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