On July 22, 2014, the Alberta government approved the
long-awaited regulations to its new Employment Pension Plans
Act (New Act). The New Act was passed in late 2012, but has
not yet come into force, pending release of the regulations. The
government has indicated that both the New Act and its regulations
will now take effect on September 1, 2014.
This latest development brings to a conclusion a process that
began in 2007 with the appointment of the Alberta/British Columbia
Joint Expert Panel on Pension Standards.
The government had introduced certain amendments to the New Act
in April 2014 in Bill 10, the Employment Pension (Private
Sector) Plans Amendment Act, 2014. However, due to controversy
over certain provisions of Bill 10, those amendments were put on
hold and referred to the Standing Committee on Alberta's
Economic Future for further consultation. The committee is not
expected to report back until the fall of 2014. Accordingly, when
the New Act comes into force it will not contain any of the changes
proposed in Bill 10, including the ability to convert accrued
benefits on the conversion of a defined benefit pension plan to a
target benefit plan.
The New Act and regulations are expected to contain a variety of
provisions designed to assist plan administrators with the
transition between the old and new legislation. Plan administrators
will need to familiarize themselves both with the new rules and the
provisions detailing when compliance with those new rules will be
Blakes will issue a comprehensive analysis of the new
regulations shortly, and will be hosting a series of seminars in
Calgary starting in September to examine the new legislation in
more depth. Further information regarding the dates of those
seminars will follow in the coming weeks.
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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.
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