New draft regulations published in Quebec this summer address policies around annuity purchases for defined benefit pension plans for the first time. Industry stakeholders have been expecting the province’s regulations, which are currently under consultation, since Jan. 1, 2016, when Quebec implemented legislative changes that replaced its solvency regime with enhanced going-concern funding rules and required […]
While the motion by Sears Canada Inc. retirees to force a windup of the company’s pension plan is in line with a significant body of jurisprudence from the Supreme Court of Canada, that’s not to say there’s any certainty of success. Ultimately, the decision is in the hands of an Ontario Superior Court judge, who enjoys wide discretion. […]
Unifor says a ruling by the Ontario Financial Services Tribunal on a long-standing pension dispute at Navistar not only upholds a previous decision on the workers' pension rights but also expands them.