Changes to Pension Laws Affect Laid Off Employees
Stephen Waque, a senior partner at Borden Ladner Gervais LLP with a practice that focuses on expropriation law, highlights new amendments to the Ontario Pension Benefits Act that impact grow-in benefits.
Grow-In Opt-Out for MEPPS and JSPPS — New amendments to the Ontario Pension Benefits Act, which are expected to come into effect on July 1, 2012, will require pension plans to provide grow-in benefits for members whose age plus service total at least 55.
Stephen Waque is a senior partner with BLG and a founding director and past president of the Ontario Expropriation Association. He has more than 30 years experience in the practice of expropriation legislation and real estate law. Stephen is the author of New Law of Expropriation, a two-volume reference text that deals comprehensively with government acquisitions of real estate and business interests, and is considered an authority in Canada. For more information on Stephen Waque please visithttp://www.blg.com/en/home/our-professionals/Pages/Waque-Stephen.aspx