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Jordan Fremont in Benefits Canada on Moving to a JSPP

May 15, 2020

Jordan Fremont comments on what plan sponsors should consider when moving from a single-employer to a jointly sponsored pension plan (JSPP) in Benefits Canada. This includes:

  • Why a plan sponsor’s administrative responsibilities don’t completely disappear once it joins a JSPP.
  • If the new plan means a cut in member benefits, plan sponsors have to be aware of any contractual obligations that would affect a merger and be prepared for the possibility of constructive dismissal claims.
  • The regulatory hurdles DB plans have to clear when moving to a JSPP, and why it’s crucial for plan sponsors to communicate clearly, and work in partnership with their unions where relevant, to achieve member buy in.

Key Contact

  • Jordan N. Fremont Jordan N. Fremont, Partner

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