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Canadian pension funds and their subsidiaries are subject to a rule that prohibits them from investing in shares of a corporation having more than 30% of the votes for the election of directors...

Over the past few years, there has been increasing media coverage on the effect of the baby boomer generation reaching retirement age.

The day when you achieve complete financial freedom may come years before you decide to retire. In fact, highly motivated people who enjoy the challenges and rewards...

In a decision this week that will bring welcome relief to pension plan administrators, the Ontario Court of Appeal overturned the Ontario Superior Court’s ruling in Hembruff v. Ontario Employees Retirement Board. The Superior Court had decided that pension plan administrators have a duty to inform members of possible changes to plans when such modifications are highly likely or almost certain to be implemented, even if the changes have been neither considered in detail, nor authorized by regulat

Other health related benefits continue to be available to workers without any age limit attached, including extended health insurance and 52 weeks of short-term disability benefits.

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.

In O’Neill v. General Motors of Canada Limited, the Ontario Superior Court of Justice held that General Motors of Canada Limited did not have the contractual right to reduce the level of post-retirement health care and life insurance benefits provided to salaried employees who had retired.

It is often assumed that the financial obligation of an employer which participates in a Multi- Employer Pension Plan (“MEPP”) is limited to making contributions at the fixed rate specified in the collective agreement.

This decision confirms that any analysis of a retirement "age" requirement must look at the pension plan in its totality and not by simply reviewing the merit of each term and condition.

Gregory Milwid was a 62-year-old managerial employee who had worked with IBM Canada Ltd. (IBM) for 38 years.

In our most recent blog post, we discussed some of the risks for directors, officers and other stakeholders in the administration of a registered pension plan.

In April 2013, Alban d'Amours, as president of the committee of experts charged with studying the situation of supplementary pension plans in Quebec, published his report on the future of Quebec's retirement system (the d'Amours Report).

On November 7, 2013, the Ontario government released its "Economic Outlook and Fiscal Review 2013".

Plan fiduciaries are held to the highest performance standards and can be personally liable for breaches of fiduciary responsibility.

In Budget 2018, the BC NDP announced that it would be replacing the current system of subsidizing the health care system through collecting individual Medical Services Plan (MSP)

In prior posts (June 15, 2010 and December 17, 2009), I pointed out that even though plaintiffs were losing their lawsuits challenging 401(k) plan fees, the legal issues were still far from settled.

I recently wrote about the legal risks regarding plan fees that should be considered by Canadian employers who sponsor group registered retirement savings plans and defined contribution pension plans...

The Pension Protection Act of 2006 required faster funding of defined benefit plans, generally funding shortfalls over 7 years.