Thanks to some creative plan design, the Ontario Court of Justice has recently upheld the contractual pre-retirement locking-in provisions in a deferred profit sharing plan established by Canadian Tire for its employees.
In spite of repeated complaints to Walmart’s district people manager, the company took no steps to intervene or curtail the manager’s behaviour. In fact, after meeting with a committee of three senior Walmart managers, Boucher was advised that her complaints did not warrant further consideration. The court believed differently.
A major challenge for those designing Towers Watson’s new Canadian retirement program was that there were more than 400 benefits-savvy associates looking over their shoulders. Towers Perrin and Watson Wyatt announced their merger in June 2009, with a January 2010 closing date. Work started on developing the merged consulting firm’s new pension plan in April […]