fmc-law.com RSS Feeds - Publications - Pensions | Benefitshttp://www.fmc-law.com/upload_net/rss/en/Pensions_Benefits.xmlThu, 31 May 2012 10:01:29 GMTen-us5In this issue of Focus on Pensions | Benefits, Heather Di Dio discusses the Ontario and federal governments release of the budgets for 2012. Last week, the Ontario and federal governments released their budgets for 2012. While the Ontario budget, Strong Action for Ontario (Ontario Budget), included numerous reforms that will impact private sector pension plans, the same could not be said for the federal JobsGrowth and Long-Term Prosperity: Economic Action Plan 2012 (Federal Budget). Employers in Ontario offering private pension plans should examine the need to change their current pension arrangements, while federally-regulated employers offering similar types of arrangements can rest easy (at least for another year). Read more by clicking the download button.http://www.fmc-law.com/Publications/0412_Focus_on_Pensions_Benefits.aspxMon, 02 Apr 2012 06:00:00 GMThttp://www.fmc-law.com/Publications/0412_Focus_on_Pensions_Benefits.aspxIn this article, Mary Picard and Jane Dietrich highlight key portions of two decisions from February 2012 of the Ontario Superior Court in Re Timminco Limited. In these decisions, the Court applied the reasoning of the Ontario Court of Appeal in the controversial Re Indalex decision (which previously held that in certain circumstances a pension plan wind-up deficit should be paid in priority to claims of secured creditors). The Supreme Court of Canada is scheduled to hear an appeal of Re Indalex on June 5, 2012.  In Re Timminco Limited, Justice Morawetz applied the reasoning of the Ontario Court of Appeal in Re Indalex but came to a different result. Justice Morawetz concluded that in the context of the CCAA proceedings at issue in Re Timminco Limited, it was appropriate and necessary for the Ontario statutory deemed trusts in respect of pension amounts to rank subordinate to the court-ordered administration charge, directors & officers charge and the debtor-in-possession charges.   Read more by clicking the download button.http://www.fmc-law.com/Publications/0212_Picard_Dietrich_Re_Timminco_Limited.aspxFri, 17 Feb 2012 07:00:00 GMThttp://www.fmc-law.com/Publications/0212_Picard_Dietrich_Re_Timminco_Limited.aspxIn this publication, Mary Picard discusses pensions, severance packages for terminating employees and the “Indalex” Ontario Court of Appeal case. This publication provides further discussion on the following items: The pension piece of a severance package should be paid out of the pension plan if possible. Techniques to achieve this can be good for employers and employees. Severance packages for many terminating employees are about to get a lot more expensive. Find out if the terminating employee is in a defined benefit pension plan that has early retirement enhancement provisions. Their pension entitlement could double in value, under new Ontario pension legislation.  What should you know about the “Indalex” Ontario Court of Appeal case? Read more by clicking the download button.http://www.fmc-law.com/Publications/0611_Picard_Mary_Pension_Update_Six_Minute_Employment_Lawyer.aspxTue, 21 Jun 2011 06:00:00 GMThttp://www.fmc-law.com/Publications/0611_Picard_Mary_Pension_Update_Six_Minute_Employment_Lawyer.aspx