Pensions & Employee Benefits

The law and practice relating to the employer-employee relationship in the context of pension plans and employee benefits, including executive compensation

$100M judgment against Bell may signal uptick in pension indexing litigation

February 24, 2020 The Ontario Court of Appeal has ruled that Bell and its related companies, including Bell Canada, Bell Media Inc., Expertech Network Installation Inc. and Bell Mobility Inc., have been miscalculating the cost-of-living adjustment due to their 35,000 pensioners since 2017. The judgment could cost the telecommunications company up to $100 million and signal […]

2018 to be a busy year for pension reforms

 January 3, 2018 If there’s one thing that’s clear about pension reform in 2018, it’s that sponsors will have their hands full, particularly in Ontario. “There’s no question in my mind that impending changes to Ontario’s pension laws will motivate administrators and service providers to up their game,” says Mary Picard, a partner at Dentons […]

Pensioners of insolvent companies left out of contingency fee debate

Friday, January 05, 2018 Something’s been lost so far in the debate about contingency fees that the Law Society of Upper Canada (LSUC) calls “[protecting] access to justice for the public, while ensuring protection from unscrupulous practices and unreasonable fees.” Unfortunately, what’s been lost are a lot of people. They’re called “pensioners,” a group that […]

Canadian pension funds increasingly using co-investments to diversify real estate holdings

March 6, 2018 In their constant search for diversification, Canada’s largest pension funds seem to be continually restructuring their Canadian office building portfolios. “The goal has been to redeploy their investments by expanding internationally and developing new class A office buildings in Canada as well,” says Ayres Gonsalves, vice-president of commercial at Dorsay Development Corp., a […]

A look at trends in long-term incentive plans

April 16, 2018 While many employers offer a comparable pension or health benefits plan to all employees, where long-term incentives plans are available they usually vary by employee level. A recent Willis Towers Watson survey of Canadian publicly traded companies with revenues exceeding $2 billion found 100 per cent of these companies’ chief executive officers and […]

More waiting could be in store for Nortel pensioners

May 1, 2018 A move by the Financial Services Commission of Ontario to reclaim $200 million from monies allocated to pensioners in the Nortel Networks Corp. bankruptcy could leave their recovery — up in the air since 2009 — in limbo for another four years. In an application filed with the commission, Mark Zigler of […]

A look at Sears’ U.S. pension prospects as Canadian windup ordered

April 30, 2018 Whatever the fate of Sears Holdings Corp.’s operations in the United States, the company’s American pensioners are likely to emerge better off than their Canadian counterparts. Much of that is due to the broad powers available to the Pension Benefit Guaranty Corp., which regulates pensions in the United States. “The PBGC can act […]

A closer look at Ontario political parties’ pension, benefits promises

May 30, 2018 Despite not yet announcing its election platform, Ontario’s Progressive Conservative Party may have the greatest potential for affecting pensions and benefits in Ontario. “The Conservatives’ broad focus on balancing the budget, which may result in their rationalizing OHIP and delisting some services, represents the real impact potential in this election,” says Anneliesje […]

Ontario’s pension-solvency rules mean non-unionized workers can’t get the best plan

‘We should urgently be doing everything possible to protect the financial future of 60% or 70% of Ontario workers who have no pension’ July 10, 2018 The Ontario government’s policy of granting preferential pension funding rules to unionized workplaces may be impairing the ability of workers in non-union and non-profit workplaces to prepare and plan […]

Legal cases highlight issues around LTD coverage

October 12, 2018 Whether considering age eligibility or policy wording, recent rulings for employees in a pair of Ontario cases are reminders to employers to review their long-term disability offerings. When I’m 65 Ontario employers may no longer have the option to reduce or eliminate health and life insurance benefits for employees aged 65 or […]

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