While a recent dispute between the Canadian National Railway Co. and the surviving same-sex partner of a deceased plan member will likely inspire other plan sponsors to ensure pension benefits are correctly distributed, the amount of new claimants coming forward will likely be relatively small, says Jill Wagman, managing principal at Eckler Ltd. “It may […]
The Association of Canadian Pension Management is calling for increased clarity regarding Ontario’s rules for the valuation and division of pension payments following a marriage breakdown. In response to a consultation by the Financial Services Regulatory Authority of Ontario, the ACPM recommended the draft guidance document include an example of an exception to the rule […]
The Canadian National Railway Co. is amending its pension policy after awarding benefits to a widower who was initially denied because of an outdated rule regarding same-sex couples. On Monday, the Canadian Broadcasting Corp. reported Newfoundland resident Ken Haire was in a years-long battle with CN Rail over access to spouse Gerry Schwarz’s pension benefits. […]
Remember those Freedom 55 ads that always seemed to be on TV in the ‘80s and ‘90s? I recently went down a YouTube rabbit hole and re-watched some of them and, well, let’s just say they’re as ridiculous as I remember. In one 30-second spot from the early ‘90s, a downcast businesswoman reads the paper […]