November 01, 2018 by Mary Picard in Pensions and Benefits
  • Comments Off on What happens to the pension when the pensioner disappears into thin air?

What happens to the pension when the pensioner disappears into thin air?

The Supreme Court of Canada recently agreed to hear an appeal of a Quebec case that deals with the obligations and rights of a pension plan administrator when a pensioner goes missing.

The facts are unique.  A 77-year-old retired university professor went for a walk one crisp autumn day and never

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July 04, 2017 by Mary Picard in English, Ontario, Pensions and Benefits
  • Comments Off on Cheers to the Ontario government: a tonic for dealing with pension statements for missing plan members

Cheers to the Ontario government: a tonic for dealing with pension statements for missing plan members

A helpful change to Ontario pension law has come into effect, coincident with the arrival of patio season. It is a refreshing tonic that will help administrators deal with pension plan members who are difficult to locate.

Until now, the obligation to send pension statements to former and retired plan members

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May 19, 2017 by Mary Picard in English, Ontario, Pensions and Benefits
  • Comments Off on Interesting times for employers with Ontario pension plans

Interesting times for employers with Ontario pension plans

Yesterday the Ontario Deputy Superintendent of Pensions released a formal statement that included the comment:  “these are interesting times in the pension sector.”  How true.

Many long-anticipated improvements to Ontario pension legislation, regulation and policies are finally coming into force.  The pension regulator will have more specific, helpful powers to target

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April 26, 2017 by Mary Picard in English, Ontario, Pensions and Benefits
  • Comments Off on Changes to the Canada Pension Plan: a field guide for Ontario employers

Changes to the Canada Pension Plan: a field guide for Ontario employers

Are you an employer who is uncertain about what you should be doing to prepare for the changes to the Canada Pension Plan (CPP)?  This guide will help you.

The changes were announced by the federal government a year ago, and formal rules became law at the end of 2016.  Unlike

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February 17, 2017 by Mary Picard in English, Ontario, Pensions and Benefits
  • Comments Off on Who is a “parent” in the Ontario pension world? And why does it matter?

Who is a “parent” in the Ontario pension world? And why does it matter?

Any person who is the “spouse” of a member of a registered pension plan in Canada has rights regarding the pension entitlement of his or her partner. That important policy has been entrenched in pension legislation for decades.  Exactly who is a “spouse”?  The answer to that question has recently

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November 28, 2016 by Mary Picard in English, Ontario, Pensions and Benefits
  • Comments Off on Ontario regulatory form regarding pension plan contributions: comply!

Ontario regulatory form regarding pension plan contributions: comply!

Trustees and administrators of Ontario registered pension plans: beware of Form 7.

That’s the form that administrators of registered pension plans must complete, and send to their pension fund trustees, that summarizes the estimated employer and employee contributions that will be due to be made to the pension plans in future.

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November 14, 2016 by Mary Picard in Pensions and Benefits
  • Comments Off on Ontario Pension Advisory Committees

Ontario Pension Advisory Committees

If you are involved with the administration of an Ontario registered pension plan, you should familiarize yourself with new Ontario rules regarding pension advisory committees. The new rules will be effective January 1, 2017.  They give significant additional rights to plan members, and could impose extra costs and administrative burdens

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October 07, 2016 by Mary Picard in Pensions and Benefits
  • Comments Off on Canada Pension Plan enhancements: it’s happening

Canada Pension Plan enhancements: it’s happening

Yesterday the federal government tabled Bill C-26, which will implement changes to the Canada Pension Plan that were announced in June, 2016.  All provinces other than Quebec are now on board, in support of increased employer and employee contributions, and higher benefits.  The higher contribution rates will not apply

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August 29, 2016 by Mary Picard in Pensions and Benefits
  • Comments Off on Ontario Pension Plan Members Will Soon Have Significant New Rights

Ontario Pension Plan Members Will Soon Have Significant New Rights

Ontario is on the verge of implementing new rights for members of registered pension plans. Members will have the right to form committees that will have broad rights to review information about all aspects of plan administration including investments.  Employers who sponsor or administer a registered pension plan should familiarize

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August 12, 2016 by Mary Picard in English, Ontario, Pensions and Benefits
  • Comments Off on U.S. employers targeted by lawsuits claiming excessive fees in employee retirement and savings plans: Could it happen in Canada?

U.S. employers targeted by lawsuits claiming excessive fees in employee retirement and savings plans: Could it happen in Canada?

I recently wrote about the legal risks regarding plan fees that should be considered by Canadian employers who sponsor group registered retirement savings plans and defined contribution pension plans (that article can be found here).  These risks have been emphasized by several lawsuits filed against U.S. employers in the

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