An article on a private member’s bill prohibiting the Canada Pension Plan Investment Board from making certain investments was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Private member’s bill prohibiting certain CPPIB investments survives first reading 2. Expert panel: Air Canada decision illustrates danger […]
A recent court decision in Ontario illustrates the potential danger for employers that attempt to rely on pension plan terms to refute claims for pension-related losses in the context of wrongful dismissal actions. The case, Williams v. Air Canada, involved a claim by a long-time employee whose employment was terminated in 2020 when the airline […]
The Federal Court’s ruling that the termination of long-term disability benefits for Air Canada employees eligible to receive unreduced pension benefits doesn’t amount to age discrimination was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Termination of LTD benefits for Air Canada workers eligible […]
The Federal Court has ruled that the termination of long-term disability benefits for employees who become eligible to receive unreduced pension benefits doesn’t amount to age discrimination. The case arose from the terms of a collective bargaining agreement between Air Canada and the Air Canada Pilots Association. The agreement provided that pilots were eligible to […]
As Toronto Mayor John Tory prepares to step down after admitting to an inappropriate relationship with a former staffer, experts say preparation is key to protect both employees and employers from the risks created by such relationships. There are no laws in Canada against workplace relationships, so it comes down to company policies to set […]
Misconduct can devastate the value of an investment. A recent study on the pervasiveness and scope of corporate fraud by Alexander Dyck, professor of finance and economic analysis at the University of Toronto’s Rotman School of Management, found securities fraud by U.S. companies costs investors about US$830 billion each year. For Canadian institutional investors, participating […]
Ten former National Football League players have filed a class action lawsuit against the organization, claiming their disability claims were denied. In the filing, the plaintiffs said they’re “seeking redress for the wrongful denial of benefits, the denial of statutorily mandated full and fair review of benefits denials, violations of plan terms or governing regulations and […]
Amid the shift to remote and hybrid working arrangements, employers should ensure their after-hours social events are “easy, intentional and sincere,” says Kim Siddall, vice-president of enterprise consulting in the west at People Corporation. “The [coronavirus] pandemic gave employees permission to start opting out of aspects of [workplace] culture they didn’t really like. They’ve also […]
Employers and employees must tread a fine line between trust, monitoring and micromanaging in the new age of remote working, say experts. Their comments come days after British Columbia’s Civil Resolution Tribunal ordered an accountant to pay her former employer more than $2,600 after tracking software showed she engaged in time theft while working at […]
The Financial Services Tribunal of Ontario has awarded an employer with a $320,000 pension surplus, despite the plan’s trust agreements’ silence as to surplus entitlement. “The requirements for an employer to receive 100 per cent of surplus are strict, but the tribunal took a practical [approach] as opposed to a narrow interpretive approach to the […]