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.


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.
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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.
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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).
[0200777]

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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.
[0200673]

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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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Replacing the Replacement Rate: How Much Is Enough Retirement Income?
MacDonald, Bonnie-Jeanne; Plans & Trusts; v35 no4 pp 12-17 Jul-Aug 2017; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : As the population ages, it becomes crucial to find an effective measurement for helping Canadians realize adequate savings and income in retirement.
[0200639]

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Quebec CCAA Court Retains Jurisdiction but Leaves Door Open.
Tang, Amy; Plans & Trusts; v35 no3 pp 37-38 May-Jun 2017; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : In May 2015, Wabush Iron Co. Limited, Wabush Resources Inc., Wabush Mines and other related entities (collectively, the Wabush CCAA Parties) filed proceedings under the Companies' Creditors Arrangement Act (CCAA). Sine the head office of Wabush Mines is located in Montreal, Quebec, the Wabush CCAA Parties filed for creditor protection in Quebec Superior Court.
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Retirement Date Under a Phased Retirement Arrangement.
Heath-Rawlings, Jesse; Plans & Trusts; v35 no3 pp 31-32, 38 May-Jun 2017; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : In Ontario Public Service Employees Union (Hinchcliffe) v. Ministry of Community and Social Services, the Ontario Grievance Settlement Board considered entitlement to postretirement benefits (PRBs) in circumstances where a grievor had entered into a phased retirement arrangement over the course of which an employer made changes to its PRBs.
[0200584]

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Arbitrator Interprets PRB "Bible" as Not for All Retirees.
Sims, Brianna; Plans & Trusts; v35 no2 pp 32-33 Mar-Apr 2017; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : A British Columbia labour arbitrator has dismissed a union's grievance claiming that the employer violated the collective agreement covering its employees by unfairly altering retiree benefits, where the distinction in treatment among differently situated "retirees" and the provision of postretirement benefits was always intended and the practice had never changed.
[0200515]

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Is Bigger Better When It Comes to Pensions and Benefits?
Mazzuca, Michael; Firman, Mark; Plans & Trusts; v35 no2 pp 14-19 Mar-Apr 2017; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : There are too many variables to say with certainty that "bigger is better" when it comes to consolidation of pension and benefit plans, but trends toward consolidation will continue to grow, and it's best to be prepared for the legal details.
[0200510]

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What's Working: Communicating Change.
Hartman, Robbie; Plans & Trusts; v35 no2 pp 4-6 Mar-Apr 2017; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : Amid the many challenges that come with pension plan conversions, a plan needs a broad communications strategy. It must identify constituents, create a plan of action and assess how well member understand the complications.
[0200507]

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Alberta Court Affirms Termination of Benefits at 65 Not Discriminatory.
Tarasuk, Lauren; Plans & Trusts; v35 no1 pp 34-35 Jan-Feb 2017; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : The Alberta Court of Queen's Bench upheld the original decision of the chief commissioner of the Alberta Human Rights Commission (AHRC) that the cessation of benefits at the age of 65 under an employee benefit plan was bona fide and met the legislative exemption from the prohibition against discrimination in employment on the basis of age.
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Calculation of Survivor Benefits Does Not Include CPP Disability Benefits.
Heath-Rawlings, Jesse; Plans & Trusts; v35 no1 pp 29-31 Jan-Feb 2017; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : The Saskatchewan Court of Appeal ruled that the appellant, whose husband was fatally injured in a motor vehicle accident, could not include her husband's Canada Pension Plan (CPP) disability benefits as employment income for the purposes of calculating survivor benefits under the Automobile Accident Insurance Act.
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Strategies for Boosting Workers' Financial Health.
Bonner, Patricia A.; Plans & Trusts; v35 no1 pp 20-25 Jan-Feb 2017; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : Although providing financial education and information are key strategies to improving the financial well-being of workers, they are not the only ways employers and plan administrators can promote financial wellness in the workplace. Excerpted from an International Foundation report.
[0200439]

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Motion to Stay Class Proceeding Before Certification Dismissed.
Sims, Briana; Plans & Trusts; v34 no6 pp 32-33 Nov-Dec 2016; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : Class proceedings involve a number of steps before a final determination on the merits of the claim are decided. The first procedural step typically is a certification motion to decide whether a class proceeding is appropriate for the case.
[0200358]

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No Good Deed Goes Unpunished: The Legal Liabilities of Being a Trustee.
McCreary, Michael C. P.; Shamas, Allison J.; Plans & Trusts; v34 no6 pp 12-17 Nov-Dec 2016; journal article

Availability : International Foundation of Employee Benefit Plans
Abstract : There are legal responsibilities that come with serving as a trustee of a pension or benefit fund. This article outlines those responsibilities and covers the potential financial and criminal liabilities trustees face.
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