As noted in the Backgrounder that was released with Bill 10, the
highlights of the proposed changes to the existing legislation
Harmonized pension rules between Alberta and British
Increased flexibility in pension standards
Extended timelines for addressing funding shortfalls
Greater clarity surrounding the roles and responsibilities of
those charged with the management of pension plans
Introduction of standards for two new types of plans: target
benefit plans and jointly sponsored plans
Increased focus on disclosure
Changed vesting requirements from two years of plan membership
Locking in requirements will no longer be "years of
service" based, but will be based on a minimum dollar amount
that will be increased annually.
Significant details remain to be revealed in the Regulations,
which we have been told are presently being drafted and are
expected to be released in 2013. In addition, we have been told
that it is anticipated that the Alberta government will be
releasing in the near future a funding consultation document, which
will likely inform the funding rules to be included in the new
In the coming weeks, Blakes will be hosting a client seminar in
Calgary which will deal with Bill 10. We will also be
releasing a detailed Blakes Bulletin on Bill 10.
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Please join members of the Blakes Commercial Real Estate group as they discuss five key provisions of a commercial real estate purchase agreement that are often the subject of much negotiation but are sometimes misunderstood.
Emotional culture is influenced in great part by the mindset and actions of leadership, although employees also play more of a role than they may realize in creating the culture that exists in the group.
The session will be led by Dr. Robert Brooks, an award-winning author and psychologist. In his presentation, Dr. Brooks will describe the mindset and realistic practices of leaders and staff that help to nurture and sustain a culture characterized by positive emotions, satisfying, respectful relationships, a sense of meaning and ownership for one’s work, and enhanced job performance. Examples will be offered to illustrate strategies for developing a positive emotional culture in an organization.
Join leading lawyers from the Blakes Pensions, Benefits & Executive Compensation group as they discuss recent updates and legal developments in pension and employee benefits law as well as strategies to identify and minimize common risks.
Unfortunately, reasonable accommodation for employees in the workplace continues to be the source of significant litigation and even today we continue to see outrageous examples of employers behaving badly.
We are now beginning to see reported cases involving charges and subsequent fines laid against employers for failing to provide information, instruction and supervision to protect a worker from workplace violence.
On October 13, 2016, the Supreme Court of Canada denied leave to appeal an Ontario Court of Appeal decision which ordered an employer to pay a former employee 37 months of salary and benefits following termination.
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