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- Title
Surplus Must Be Paid Out on Partial Plan Terminations Under PBSA.
- Authors
McHugh-Russell, Liam
- Abstract
The article discusses the decision in Cousins et al. v. Canada (Attorney General) and Marine Atlantic Inc. concerning pension surplus. According to Justice Hughes, the Superintendent of Financial Institutions cannot approve a report filed in respect of a partial termination of a defined benefit pension plan unless such report provides for the proportional distribution of plan surplus at the time of partial termination. It offers information on the case. It also presents the disposition of past partial termination approvals.
- Subjects
CANADA; LEGAL judgments; PENSIONS; SURPLUS (Accounting); MARINE Atlantic Inc.; DEFINED benefit pension plans; ACTIONS &; defenses (Law)
- Publication
Canadian Benefits & Compensation Digest, 2007, Vol 25, Issue 4, p8
- ISSN
1552-4744
- Publication type
Article