The Pan-Canadian Investors Committee for third-party structured asset-backed commercial paper (ABCP) expects to file an application Monday in the Ontario Superior Court of Justice under…
After months of digging through research and mining public opinion, the Ontario Expert Commission on Pensions offers some hope for the future of defined benefit…
When a purchaser buys the shares of a business the purchaser takes not only the assets but the liabilities as well, as there is no…
Two industry experts weigh in on the DB vs DC debate: advantages and disadvantages, plan sponsor and member perspectives, and the future viability of both…
Three experts have been appointed to review Nova Scotia’s pension benefits legislation. The province announced it would reivew its legislation in November. Bill Black, former…
The January 31, 2008 announcement that the Supreme Court of Canada has agreed to hear an appeal of the Kerry case regarding pension plan expenses…
The Ontario Court of Appeal’s unanimous June 5, 2007 decision in Kerry (Canada) Inc. v. DCA Employees Pension Committee was welcomed by many sponsors of…
Initiatives such as the Carbon Disclosure Project highlight the growing concern about greenhouse gas emissions. Companies and pension fund investors should keep a close eye…
The Supreme Court of Canada has granted leave to appeal in the Elaine Nolan, et al. v. Kerry (Canada) et al. case. Plaintiffs had sought…
Some employers have recently taken a much closer look at their practice of providing almost automatic consent to an employee wishing to take early retirement…
A coalition of Alberta unions says recent changes in the rules governing activities of the board of the Alberta Local Authorities Pension Plan (LAPP) has…
The Nova Scotia Supreme Court has ruled that Michelin’s contribution holidays were valid, according to Morneau Sobeco’s News & Views. The issue was the validity…
Alaska has filed a lawsuit, which seeks US$1.8 billion in damages from Mercer, the former actuary for the state’s Public Employees’ Retirement System(PERS)and Teachers’ Retirement…
On November 20, 2007, the decision of Justice de Lotbinière Panet of the Ontario Superior Court of Justice in Professional Institute of the Public Service…
Nova Scotia’s government has introduced an amendment that will ensure all pension plans are fully funded when a company leaves the province or winds down…
The Ontario Superior Court of Justice has ruled that public service, RCMP, and Canadian Forces employees aren’t entitled to the surplus in their pension plans.…
Surplus rights and deficit obligations are probably the biggest issues challenging the private pension regime, according to Aon’s submission to the Ontario Expert Commission on…
Under pension standards legislation, there is generally the requirement that funds in a registered pension plan may only be paid out in the form of…
State Street may face legal action by the state attorneys general of Idaho and Alaska over steep losses suffered during the credit crisis in August,…
The president of the Canadian Labour Congress wants the federal government to appoint an independent expert monitor to represent the public interest in ongoing discussions…
State Street is being sued on behalf of certain defined benefits and defined contribution clients of a Prudential Financial subsidiary. The suit seeks restitution of…
When companies are involved in a merger or acquisition, there are many issues to consider whether the pension plans should be merged as well. Elizabeth…
A pension plan’s registered tax status can be revoked if the plan fails to satisfy the “primary purpose” test under the tax rules–which is certainly…
UPS and the International Brotherhood of Teamsters have signed a five-year tentative agreement that will establish a pension fund administered by the company and the…
GENERAL Pension Income Splitting The governments of Manitoba, Alberta and Saskatchewan announced in their respective provincial budgets that they will support the new federal…