In anticipation of federal legislation requiring pension plans to provide for immediate vesting, the Healthcare of Ontario Pension Plan (HOOPP) has announced that members will be able to vest in the plan without going through a two-year waiting period.
The Ontario government has introduced Bill 30, the Family Caregiver Leave Act (Employment Standards Amendment), 2011. If passed, the bill would amend the Employment Standards Act, 2000 (ESA) to permit employees to take an unpaid leave of absence of up to eight weeks in order to provide care or support to a sick family member.
According to many commentators, the Indalex case turns accepted law on the priority of debtor-in-possession (DIP) and working capital security on its head, and introduces new concerns for employers about how to properly discharge their sometimes conflicting duties under corporate and pension law.
DB plan administrators and fiduciaries are responsible for executing pension plans, but where does that responsibility lie?
For years, investors and other stakeholders have called for greater transparency in the accounting standards for employee benefits, since current standards obscure the true cost of providing those benefits. In an effort to address this issue, the International Accounting Standards Board’s IAS 19 standard—which sets out regulations for the accounting treatment and disclosure of employee […]
Plan sponsors are no strangers to the courts for liabilities over life insurance claims. Following are three liability concerns and how to mitigate them. Liability #1:NAAW employees All insurance contracts state that employees who are “not actively at work” (NAAW) are ineligible for coverage, because of the risk involved. Insurance companies don’t ask medical questions […]