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pension benefits act

By Occasional Contributors | 3 Minutes Read December 12, 2019

Discharge for annuity buy-outs in Ontario: It’s finally here!

Ontario’s long-awaited changes to provide for statutory discharges on the purchase of buy-out annuities are finally in force. The buy-out annuity is a popular risk management mechanism in many jurisdictions, such as the UK and the U.S.

Article by Occasional Contributors / Business, Finance and Accounting, Payroll / annuity discharge, buy-out annuity, ontario pension reform, pension benefits act

By Occasional Contributors | 12 Minutes Read June 29, 2018

Ontario pension reforms – Where are they now?

The pace of pension reforms in Ontario has been fast-moving since the release of the Ontario Budget on March 28, 2018. Among other things, the Budget announced continued work on the new funding rules for defined benefit pension plans and related increases to coverage under the Pension Benefits Guarantee Fund, a consultation on a new funding framework for target benefit multi-employer pension plans, consultations regarding new protections for plan members affected by employer insolvencies, and continued work on the new pension and financial services regulator, the Financial Services Regulatory Authority.

Article by Occasional Contributors / Employee Relations, Employment Standards, Payroll, Union Relations / annuity discharge regulations, benefit plans, Canada pensions and benefits law, DB plan funding, DC plans, defined benefit pension plan, defined contribution pension plan, defined contribution plan, disclosure to members, Financial Services Regulatory Authority, Financial Services Regulatory Authority of Ontario Act, FSRA, MEPP, multi-employer pension plan, PBA, PBGF, pension benefits act, pension plan administration, pension plans, pension reform, Pensions Benefits Guarentee Fund, reduced solvency deficiency, solvency funding, Supplemental Pension Plans Act

By Occasional Contributors | 6 Minutes Read November 2, 2017

No priority for pension claims in Wabush CCAA

Wabush is a welcome decision for third-party lenders to companies with defined benefit pension plans, and employers who sponsor defined benefit pension plans who may have had issues in accessing capital as a result of the SCC decision in Indalex.

Article by Occasional Contributors / Business, Finance and Accounting, Payroll / Bankruptcy and Insolvency Act, Century Services, Indalex, pension benefits act, pension claims, Wabush

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