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The required Schedule of Payments must be prepared by an actuary and include financial information for the plan.

Pension legislation imposes a statutory duty of care on a pension plan administrator in the administration and investment of the pension fund.

As we discussed in our April post, in late 2017, the Ontario pension regulator, the Financial Services Commission of Ontario ("FSCO"), announced that it was undertaking a series of "targeted reviews" of selected pension plans.

On July 7, 2008, the Wage Earner Protection Program Act (the "WEPPA") was proclaimed into force, along with complementary amendments to the Bankruptcy and Insolvency Act (the "BIA") and other related statutes.

This week, the Ontario Court of Appeal surprised many by deciding that in the context of the CCAA proceedings of Indalex, pension plan deficiency claims can have priority over security held by secured DIP lenders.

A discussion on the Supreme Court of Canada decision on the priority given to pension fund deficiencies, in the context of an insolvency.

New mandatory breach notification and record keeping requirements in the Personal Information Protection and Electronic Documents Act (PIPEDA) will come into force on November 1, 2018.

On June 3, the Department of Finance, Canada released a consultation paper entitled "Pension Plan Investment in Canada: The 30 Per Cent Rule."

As a result of a recent decision of the Alberta Court of Queen's Bench, common-law spouses in Alberta now (finally) have the right to divide pension benefits on relationship breakdown.

Nova Scotia private-sector employers will have a novel, new way to help their employees save for retirement by transferring pensions to the Public Service Superannuation Plan.

On November 2, 2024, the Department of Finance published proposed amendments to the Pension Benefits Standards Regulations, 1985 (Proposed Amendments) for consultation.

A plan administrator must ensure that all communications, of any nature, made to plan members regarding the pension plan are accurate, up-to-date and clear. However, recent case law makes it clear that there is no duty to warn members of potential plan changes that are under consideration.

Whether you are an employer or employee, in a unionized environment or not, and whether or not you have a retirement savings plan of any kind, the federal government wants to hear from you.

Garnishment is a legal process often initiated when individuals default on their financial obligations. Garnishment orders allow creditors to seize assets – typically a person's wages – from third parties.

On April 7, 2022, the Government of Canada released its 2022 budget. We've summarized key aspects that may impact your business.

On April 30, 2012, British Columbia introduced Bill 38, "Pension Benefits Standards Act", for first reading. If passed, the current British Columbia "Pension Benefits Standards Act" (PBSA) would be repealed and replaced in its entirety by Bill 38.

The interesting opportunity for plan sponsors to consider is how they might significantly increase the overall value of their DC plan through effective decumulation strategies.