Representative Work

Elizabeth M. Brown

In 2021, Elizabeth was appointed by the Province of Nova Scotia as one of three pension experts serving on a panel that will assess and make recommendations on improving the funding of the Nova Scotia Teachers Pension Plan.

In 2018, advised the employer sponsor of a public sector jointly sponsored pension plan on the creation of a new benefit option under the plan for the not-for-profit sector.

In 2018, represented a foreign parent corporation in defending two proposed Newfoundland and Labrador class actions seeking damages in relation to pension and benefits claims related to insolvent Canadian subsidiaries.

Advised several employers in their ongoing negotiations for the conversion of their existing defined benefit and hybrid registered pension plans to a multi-employer jointly sponsored pension plan, involving multiple unions and other interested stakeholders.

Successfully defended large defined benefit pension plan administrators in applications before the Canadian Human Rights Tribunal and the Ontario Human Rights Tribunal.

Elizabeth Brown acted as lead pension and benefits counsel to a large steel manufacturer in Companies Creditors’ Arrangement Act proceedings.


Lisa J. Mills

In 2018, advised the employer sponsor of a public sector jointly sponsored pension plan on the creation of a new benefit option under the plan for the not-for-profit sector.

Acted as pension counsel to a large steel manufacturing company in its 2014-2017 Companies Creditors’ Arrangement Act proceeding including advising on the pension standards and income tax aspects of an alternative funding and pension governance regime that was key to the successful restructuring.

In 2015-16, negotiated the transition of a specialized retirement income plan and investment structure to a new decumulation platform.

Implemented a number of conversions from defined benefit to defined contribution pension plans for both provincially and federally regulated employers.

Lisa Mills regularly advises on pension buy-in and buy-out annuity contract provisions and other de-risking initiatives including a multi-tranche annuity transaction.


Terra L. Klinck

Is currently advising a large professional association on the development and implementation of a novel retirement program for its 40,000 members.

In 2018, advised the employer sponsor of a public sector jointly sponsored pension plan on the creation of a new benefit option under the plan for the not-for-profit sector.

Acted as pension and benefits counsel to a large steel manufacturer in its 2014-2017 Companies Creditors’ Arrangement Act proceedings, in which the restructuring of legacy pension and post-retirement benefits were a critical aspect of the restructuring. Acted for this employer in 2018 in the successful further restructuring of the "post-retirement benefit deal" with the unions and retiree groups.

In 2015-2016, acted as pension counsel to one of two pension plans who entered into a novel $530 million buy-in annuity transaction where longevity and inflation risk were transferred to the insurer. This was the largest transaction of its kind in Canadian history.

Terra Klinck has acted for both purchasers and sellers, advising on pension, benefits and employment matters, in a number of corporate M&A transactions in recent years.


John Prezioso

In 2018, represented a foreign parent corporation in defending two proposed Newfoundland and Labrador class actions seeking damages in relation to pension and benefits claims related to insolvent Canadian subsidiaries.

In 2017, assisted a large employer and pension plan administrator on its engagement of an outsourced chief investment officer (OCIO) to invest a portfolio of defined benefit pension plan, defined contribution and supplemental pension assets totalling over $3 billion.

In 2016–2017, successfully co-defended a business against multiple proceedings in which the Minister of National Revenue alleged that certain of the business' workers had been improperly characterized as independent contractors for Canada Pension Plan and Employment Insurance purposes.

In 2015–2016, John Prezioso drafted and advised on the implementation of various incentive compensation plans for one of the largest investment managers in Canada.


Jason R. Paquette

Jason is currently acting as pension counsel to several broader public sector employers engaged in an application to transfer and consolidate approximately $10 billion in pension plan assets within a newly created jointly sponsored pension plan.

Jason is currently assisting a large professional association with the establishment of a Group Savings Plan for its members.

In 2018 Jason advised on the execution of a complex multi-party agreement regarding pension asset transfers and retiree benefits consolidation.

In 2017-2018, Jason acted as pension counsel to a large government agency in the conversion of a single employer pension plan to a jointly sponsored pension plan.

What We Think

CPBI’s Canadian Pension Certificate Program - Fall 2021

October 27, 2021

A Look at the 2020 Agreement for Multi-Jurisdictional Pension Plans - Benefits Canada

October 16, 2020

Sidebar: Temporary DB Plan Funding Relief Introduced in Ontario

September 23, 2020

Sidebar: COVID-19: Cross-Canada Updates for Pension Plan Administrators

September 8, 2020

Sidebar: COVID-19: Cross-Canada Pension Updates for Employers

August 4, 2020

 

See More