Terra L. Klinck

Terra is a senior lawyer at BMKP Law practicing in the areas of pension, benefits and executive compensation law.

Terra has over 25 years’ experience advising both provincially and federally regulated employers and plan administrators, primarily in the private sector, on all legal issues relating to DB and DC pension plans, including: governance, fiduciary responsibilities, plan administration and regulatory compliance, funding requirements, pension fund investment and surplus utilization.

Terra has a wealth of experience advising private sector employers restructure their legacy DB pension arrangements, including investment restructuring and de-risking initiatives (e.g., buy-in and buy-out annuity purchases), plan mergers and plan wind-ups.  

Terra has extensive experience advising on pension and benefit matters in corporate transactions, including mergers and acquisitions, insolvencies and restructurings.

Representative Work

Terra is advisor to a large professional association in conjunction with its development and implementation of a retirement program for its 40,000 members, which includes a novel annuity purchase feature.

Terra advises a number of large multinational and domestic employers, across numerous sectors, on a myriad of ongoing Canadian pension issues, including governance, investment matters, compliance, plan consolidations and mergers and acquisitions related activities.

Terra 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. She then acted for this employer in 2018 in the successful further restructuring of the "post-retirement benefit deal" with the unions and retiree groups.

Awards & Accolades

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  • Chambers Canada (2021-2022)
  • Who’s Who Legal: Canada (2019-2021)
  • Who’s Who Legal: Labour, Employment & Benefits (2019-2021)
  • Lexpert Zenith Award (2018)
  • Canadian Legal Lexpert Directory (2015-2018, 2020-2022)
  • The Best Lawyers in Canada (2020-2022)

Associations & Memberships

  • Canadian Bar Association | Executive Member, Pension and Benefits Section | Secretary 2021-2022 | Co-chair of the Advocacy and Government Relations Committee since 2019
  • Osgoode Professional Development | Instructor, Pension Law Certificate Program
  • Ontario Bar Association | Member, Pension and Benefits Section (previously participated on the Executive)
  • Financial Services Regulatory Authority of Ontario, Standing Technical Advisory Committee for Defined Contribution Pension Plans | Member


  • University of Western Ontario, LL.B.
  • McGill University, B. Comm. (with Distinction)
  • Yale University – Exchange Student

Publications & Presentations

  • Sidebar: Moving Beyond the Pandemic: Pension and Benefit Highlights from the 2022 Federal Budget, April 13, 2022
  • “Terminating Benefits at Age 65 is Unconstitutional, Says Human Rights Tribunal”, Canadian Bar Association, Pension and Benefits Law Section, February 4, 2019
  • CPBI Ontario Signature Series: Pension Investment Forecast, Canadian Pension and Benefits Institute, January 7, 2019
  • 16th Annual Pensions and Benefits Hot Spots, Ontario Bar Association., Jason Paquette was the co-chair of the session. Terra Klinck spoke on the topic of Annuity Discharge Rules. October 15, 2018
  • Globalization of Annuity Markets - The Canadian and US Markets, The 16th Annual Bulk Annuities Conference, April 25-26, 2018
  • Alberta Court Holds Provincial Pension Plan Administrator Liable for Negligent Misrepresentation, Canadian Bar Association Newsletter, February 22, 2018
  • Cross Border Pension Governance Audits, American Bar Association-Canadian Bar Association Joint Committee on Employee Benefits Webinar, December 14, 2017
  • Advancing Retirement Readiness for Canadians, Panel at the Franklin Templeton Investments 2017 Retirement Innovation Summit, November 8, 2017
  • “Résumé jurisprudential: General Motors of Canada Limited v. Ontario (Superintendent Financial Services), 2015 ONFST 39", Canadian Bar Association E-News, Co-author (August 17, 2016)
  • “Considerations when Purchasing Annuities”, The Savvy Pension Lawyer: Show Me the Money! Issues and Practical Considerations in Pension Finance – Ontario Bar Association, Co- presenter (May 2016)
  • “ESG: Coming Soon to a SIP&P Near You”, CPBI Ontario Regional Conference (October 28, 2015)
  • “Tribunal upholds decision to refuse registration of pension plan amendment”, Canadian Bar Association E-News, Co-authored with Terra L. Klinck (March 2015)
  • “The Future of Workplace Pensions”, Benefits Canada Newsletter, Co-author (August 6, 2014)