Canadian Pension Plans

Foundation Publication Search Results

These summaries were compiled from Foundation Publications Search, a database of articles, research reports and books published by the International Foundation and the International Society of Certified Employee Benefit Specialists.


Arbitration Panel Enforces Employer Right to Unilaterally Amend Pension Plan.
Monteyne, Jules; Plans & Trusts; v36 no3 pp 30-31 May/Jun 2018; journal article

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Abstract : In a Saskatchewan Labour Arbitration decision, University of Saskatchewan v. Canadian Union of Public Employees, Local 1975, 2017 CanLII 85017, the majority of an arbitration panel ruled that the University of Saskatchewan had a largely unfettered right to amend its pension plan without need to negotiate such changes with the affected union, the Canadian Union of Public Employees (CUPE).
[0200989]

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Infrustructure Debt as Investment Opportunity.
Jeghers, Yvon J.; Plans & Trusts; v36 no3 pp 22-26 May/Jun 2018; journal article

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Abstract : Private infrastructure debt was once the province of large investors, but private infrastructure debt funds have opened the door for smaller pension funds to enter the market. This asset class may provide opportunities to earn premiums on investments in the low-risk, long-duration part of a portfolio.
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Statutes Should Be in Harmony, Even When Relationships Are Not.
Ragni, David; Plans & Trusts; v36 no3 pp 34-35 May/Jun 2018; journal article

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Abstract : In Fawcett v. Fawcett, the Ontario Court of Appeal held that provincial and federal statutes regulating the division of a federal pension ought to be read harmoniously.
[0200991]

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The Merits of Starting CPP at the Age of 70.
Vettese, Frederick; Plans & Trusts; v36 no2 pp 12-17 Mar 2018; journal article

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Abstract : Delaying the start of a Canadian Pension Plan (CPP) pension can increase its value by 8.4 percent a year, yet few Canadians realize the financial advantages of waiting until the age of 70 to begin their pensions. Employers that want to increase retirement income security for employees should consider providing education on the deferral of CPP.
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Seemingly Neutral FSCO Policy May Have Discriminatory Consequences.
Ragni, David; Plans & Trusts; v36 no2 pp 30-31 Mar 2018; journal article

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Abstract : In refusing to dismiss a case alleging discrimination on the bias of disability, the Ontario Human Rights Tribunal has criticized the Financial Services Commission of Ontario (FSCO) policy not to require pension plan administrators to pay out the commuted value of a member's pension plan while they are challenging their termination, nothing that the policy may have discriminatory consequences for disabled persons.
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Supreme Court of British Columbia Limits Pension Plan Exemptions.
Harnum, James; Plans & Trusts; v36 no2 pp 26-27, 29 Mar 2018; journal article

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Abstract : In "Duncan v. Retail Wholesale Union Pension Plan," the British Columbia Supreme Court has arguably departed from past jurisprudence and signalled to pension plan administrators that the exemptions for discrimination in human rights legislation that apply to pension plans may not be as broad as once thought.
[0200934]

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Conflicts of Interest in Pension Litigation Do Not Go Unnoticed.
Zurakowski, Janeta; Plans & Trusts; v36 no1 pp 31-32 Jan-Feb 2018; journal article

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Abstract : The New Brunswick Court of Queen's Bench removed a lawyer as solicitor of record in pension action against the province of New Brunswick and others after the province converted a public service pension fund from a defined benefit plan to a shared risk plan.
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Conversation with Mark S. Yamada.
Hartman, Robert J.; Plans & Trusts; v36 no1 pp 25-26 Jan-Feb 2018; journal article

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Abstract : Mark Yamada speaks about the advantages of controlled volatility and why pension plans should target outcomes rather than accumulation.
[0200855]

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The Effect of Human Rights Legislation on Insurance Benefits.
Monteyne, Jules; Plans & Trusts; v36 no1 pp 27-28 Jan-Feb 2018; journal article

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Abstract : In "International Brotherhood of Electrical Workers, Local No. 1007 v. Epcor Utilities, Inc.," 2017 ABCA 314, the Alberta Court of Appeal relied on the two leading Supreme Court of Canada decisions on the interaction of human rights legislation with pension and benefit entitlements.
[0200856]

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Ontario Court Leaves Unanswered Questions on PBA.
Ragni, David; Plans & Trusts; v36 no1 pp 33-34 Jan-Feb 2018; journal article

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Abstract : In "Hiscocks v. Financial Services Commission of Ontario Tribunal et al.," the Ontario Divisional Court was presented with the opportunity to clarify the appropriate interpretation of several provisions of the Pension Benefits Act (PBA), including the remedial jurisdiction of the Financial Services Tribunal.
[0200859]

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Tapping the Growth Opportunity of Emerging Markets.
Muldowney, Peter; Plans & Trusts; v36 no1 pp 14-19 Jan-Feb 2018; journal article

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Abstract : With the potential for greater growth and rising returns, a case can be made for plans to invest in emerging markets. But it's important to know the risks and understand the reasoning behind investments in this asset class.
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Beware of Averages: Understanding the New Risk of Retirement.
Macqueen, Alexandra C.; Plans & Trusts; v35 no6 pp 16-21 Nov-Dec 2017; journal article

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Abstract : Soon, nearly 25 percent of the Canadian population will be aged 65 or over. To convert their savings into adequate retirement income, workers will need to know how to navigate the risks of longevity, inflation and sequence of returns.
[0200772]

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The Complexities Inherent in Forum Choice and Human Rights Claims.
Epp, Erin; Plans & Trusts; v35 no6 pp 30-31 Nov-Dec 2017; journal article

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Abstract : The decision in Bassett v. Treasury Board (Correctional Service of Canada), a 2017 case arising out of the Public Service Labour Relations and Employment Board Act, demonstrates the importance of choosing the appropriate forum for a claim and illustrates some of the difficulties in utilizing human rights legislation for pension and benefit issues.
[0200775]

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Longstanding Pension Calculation Deemed Erroneous.
Ragni, David; Plans & Trusts; v35 no6 pp 32-33 Nov-Dec 2017; journal article

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Abstract : An Ontario arbitrator corrected a decades-long practice of an employer that was issuing deficient payments under a pension plan to the surviving spouses of employees who retired early.
[0200776]

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Ontario Ministry of Finance Releases Backgrounder on MEPP Framework.
Harnum, James; Plans & Trusts; v35 no6 pp34-35 Nov-Dec 2017; journal article

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Abstract : On June 29, 2017, the Ontario Ministry of Finance issued a backgrounder, "Target Benefit Multi-Employer Pension Plan Framework," which provides further information regarding a new proposal by the government on a funding framework for Ontario multi-employer pension plans (MEPPs).
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Addressing Behavioural Bias in Decision Making.
Cranston, Susan D.; Plans & Trusts; v35 no5 pp 18-23 Sep-Oct 2017; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : All of us face internal and external factors that create biases impacting our decisions. It's important for trustees and administrators, given the level of responsibility for others, to identify and minimize these biases.
[0200712]

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Collective Agreement Prevents Unilateral Modification of Pension Plan.
Hunsberger, Alex; Plans & Trusts; v35 no5 pp 28-29 Sep-Oct 2017; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : In a 2017 decision, a Saskatchewan labor arbitration board prevented the city of Saskatoon from implementing amendments to a pension plan without the consent of one of the affected unions, Amalgamated Transit Union Local 615 (ATU 615). The board relied on language in the collective agreement between the union and the employer that stated that the parties shall negotiate from time to time regarding the plan.
[0200715]

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Federal Court Determines RCMP Pension Plan Is Not Discriminatory.
Bontorin, Jenna; Plans & Trusts; v35 no5 pp 26-27, 29 Sep-Oct 2017; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : The decision in Fraser et al. v. Canada (Attorney General) considers whether or not the provisions of the Royal Canadian Mounted Police Superannuation Act (RCMPSA) and its regulations fail to provide equal benefit of the law to women with child-care responsibilities.
[0200714]

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Plan Members Cannot Seek Damages From Financial Services Tribunal.
Epp, Erin; Plans & Trusts; v35 no5 p 30 Sep-Oct 2017; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : The 2017 case of Boucher v. Ontario (Superintendent Financial Services) reaffirms that former members of a pension plan can transfer the commuted value of their benefits into a Registered Retirement Savings Plan (RRSP) only if the terms of their plan specifically allow them to do so. Further, the decision acts as a reminder to litigants that the Financial Services Tribunal cannot award remedies not provided for under the Pension Benefits Act (PBA), including damages for negligence.
[0200716]

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The Returning Retiree.
Chamzuk, Lisa; Plans & Trusts; v35 no5 pp 12-16 Sep-Oct 2017; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : Research indicates a growing number of retirees are deciding to return to work, which could have an impact on health and welfare trusts and pension plans. Awareness of and preparation for the regulatory issues surrounding prolonged employment and returning retirees can help administrators protect plans legally and financially.
[0200711]

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Building a Strong Retirement Program: One for the AGES.
Keener, Eric; Goldman, Ted; Benefits Quarterly; v33 no3 pp 32-37 3rd Qtr 2017; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : The Forward Thinking Task Force of the American Academy of Actuaries developed the Retirement for the AGES framework to provide a straightforward and unbiased way to assess and compare different retirement security proposals. This article discusses factors impacting retirement security in the future, explains the Retirement for the AGES framework, and shows how AGES assessments have been applied to the traditional defined benefit system, safe harbor defined contribution plans, the South Dakota Retirement System, the New Brunswick Shared Risk Model, and the USA Retirement Funds proposal. The AGES assessments reveal how difficult it is to design an ideal retirement program that would balance many competing needs and objectives. They also show that it is possible to improve on the current system. As the United States begins to address its growing retirement challenges, this framework will be a useful and important tool to compare and assess various proposals.
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Double-Dipping Permissible in the Circumstances.
Tarasuk, Lauren; Plans & Trusts; v35 no4 pp 35-36 Jul-Aug 2017; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : In Kehler v. Kehler, Justice Doyle of the Manitoba Court of Queen's Bench Family Division considered whether a spousal support order should be varied as a result of the voluntary retirement of the paying spouse.
[0200644]

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Employers Take Note: Workers Want Lifetime Retirement Income.
Dobson, Derek W.; Plans & Trusts; v35 no4 p 18-24 Jul-Aug 2017; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : Results of a national survey indicate Canadians, including low-income and younger populations, want and are willing to save for secure, predictable income in retirement.
[0200640]

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Fraud Considerations Trumped Pension Rights.
Hopkins, Morgan Teeple; Plans & Trusts; v35 no4 pp 33-34 Jul-Aug 2017; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : The Court of Queen's Bench of Alberta ruled that an individual can relinquish his or her right to a pension benefit, even in the face of a legislative prohibition on relinquishments.
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Legislative Update.
Heath-Rawlings, Jesse; Plans & Trusts; v35 no4 pp 37-39 Jul-Aug 2017; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : The 2017 federal budget contains significant changes that will impact employees and their pensions and benefits, and all provincial budgets have been released. Significant highlights of the budgets are listed.
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