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A review of B.C.’s new pension legislation

On April 30, 2012, the B.C. government introduced Bill 38, the Pension Benefits Standards Act (PBSA). The bill is the long-awaited result (for B.C.) of the 2008 report from the Joint Expert Panel on Pension Standards (JEPPS)—an independent expert panel established by the finance ministers of Alberta and British Columbia.

  • May 7, 2012 September 13, 2019
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The Law: Plan sponsor power

PLAN SPONSORS OF DEFINED BENEFIT PENSION PLANS IN British Columbia that contain discretionary consent provisions should take note of the recent decision in Patrick v. Telus Corporation. The British Columbia Supreme Court upheld a plan sponsor’s decision to withhold consent for discretionary enhanced early retirement. ENHANCED RETIREMENT The plaintiffs were all former employees and members […]

  • October 20, 2006 September 13, 2019
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