News & Events
Royal Oak
May 13, 2010
This matter arose as a result of the insolvency and restructuring of Royal Oak Mines Inc. As part of the restructuring, the federal pension regulator ordered that the Royal Oak Mines Inc. Pension Plan for Yellowknife Salaried Employees (the “Plan) be wound up, and all vested and accrued benefits be paid out. After providing for
Aviva GAI 1999 Partial Wind-up
May 12, 2010
Koskie Minsky LLP developed this website for the exclusive use of members and former members of the General Accident Indemnity Staff Pension Plan (“the Plan”) who were affected by the partial wind-up of the Plan effective 1999. Subsequent to the declaration of the partial wind-up of the Plan, certain former members of the Plan retained
Aviva GAI 1994 Partial Wind-up
May 12, 2010
Koskie Minsky LLP developed this website for the exclusive use of members and former members of the General Accident Indemnity Staff Pension Plan (“the Plan”) who were affected by the partial wind-up of the Plan effective 1994. Subsequent to the declaration of the partial wind-up of the Plan, certain former members of the Plan retained
BCE Pension Surplus
April 20, 2010
This proceeding concerns the ownership of surplus upon partial wind-up of a pension plan. BCE went through a number of sales, divestitures and downsizings in the 1990s which resulted in the termination of a significant number of employees. In connection with these divestitures and downsizings, BCE implemented three partial wind-ups of the Pension Plan. The
Canada Life Assurance Company
April 7, 2010
This class proceeding concerns the allegedly improper withdrawal of pension plan funds to pay for administrative costs and investment fees. The claim alleges that the Canada Life Assurance Company (the “Company”) and the current Trustees of the Canada Life Canadian Employees Pension Plan (the “Plan”) improperly withdrew/applied the Plan’s funds to pay for Plan expenses
Honeywell ASCa Pension
March 12, 2010
This proceeding concerns the ownership of surplus upon the partial wind-up of a pension plan. As a result of the closure of the London, Ontario facilities of Bendix Heavy Vehicle Systems and Garrett Canada in 1992, a partial wind-up of the Allied Signal Canada Inc. Retirement Plan for Salaried Employees (the “Plan”) was declared. The
Business Development Bank of Canada
March 10, 2010
This class proceeding deals with the improper charging of administrative expenses to a pension plan, and the right of retirees to be treated in an even-handed manner in respect of benefits under the plan. The claim alleges that the Business Development Bank of Canada (“BDC”) breached its fiduciary duties by improperly charging administrative expenses to
Seagrams Hourly Pension Plan
March 10, 2010
This proceeding concerns the ownership of surplus upon a wind-up of a pension plan. As a result of the sale of its Seagrams Spirit and Wine Group to Diageo Canada Inc., (“Diageo”) and the transfer of its active employees to Diageo, Vivendi Universal Canada Inc. was ordered to wind up the Vivendi Universal Canada Inc.
Montreal Trust
March 10, 2010
Koskie Minsky LLP represents certain members and former members of the Montreal Trust Pension Plan (2001) (the “Plan”). In February of 2006, an agreement was reached with Montreal Trust to share surplus in the Plan. In brief, the Surplus Sharing Agreement provides for the sharing of the surplus between the Plan member group and Montreal
Bank of Canada Pension Plan
March 10, 2010
This class proceeding concerns the improper charging of administrator expenses to a pension plan. The Claim alleges that the administrator of the Bank of Canada Pension Plan misused approximately $12 Million of the assets of the pension trust since at least 1993, by using these amounts to cover expenses and costs to administer the Plan. The