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Timely updates on pensions and benefits developments relevant to you.
Denluck v. The Board of Trustees for the Boilermakers’ Lodge 359 Pension Plan, 2018 BCSC 1109 – Class Action Certified re Cancelled Commuted Value Transfers
Denluck was a member of the Boilermakers’ Lodge 359 Pension Plan, a negotiated-cost, multi-employer pension plan…He was advised that since the Plan was underfunded, about a quarter of the commuted value of his pension would be held back…
Federal Consultation re Unclaimed Pension Benefits
The federal government has published a consultation paper: “Modernization of the Unclaimed Balances Regime and Proposals for an Unclaimed Pension Balances Framework”…Unclaimed pension benefits often arise because plan members are unlocatable…
Quebec Passes Bill 176 Pension-Related Amendments
Quebec passed Bill 176, An Act to amend the Act respecting labour standards and other legislative provisions mainly to facilitate family-work balance…to prohibit differential treatment (in relation to pension and benefit plans) of employees performing the same tasks in the same establishment…
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