An article on an arbitrator’s confirmation of the long-term disability exception to Ontario’s mandatory retirement rule was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Ontario arbitrator confirms validity of LTD exception to mandatory retirement rule 2. Insurers […]
The Alberta Pensions Services Corp. has taken on the administration of the National Public Service Pension Transfer Agreement, a multilateral arrangement that enables the transfer of pensionable service and funds between participating public defined benefit pension plans across Canada. This agreement plays a vital role in supporting mobility within the public sector, allowing employees who […]
Yellow Pages Ltd. is transferring $210 million in defined benefit pension liabilities through a group annuity contract with BMO Insurance. According to a press release, BMO Insurance will issue annuities covering the responsibility for pension benefits of roughly 860 retired plan members at the company. The insurance firm will start administering all benefits to these […]
A group of former municipal police officers who were recruited by the Ontario Provincial Police have launched multi-million-dollar lawsuits against the Ontario Municipal Employees Retirement System and the Ontario Pension Board over alleged losses suffered during their pension transfers. As part of their moves to the OPP from various municipal police forces — including the […]