Pensions & Benefits

We help employers and plan administrators design, manage and govern pension and benefit plans, ensuring compliance, cost-efficiency and security for employees' futures.
Key Contact
Marta Allyson
People in board room

Overview

With an aging workforce comes an increased concern on the part of employees for retirement income security. At the same time companies are placing a heightened corporate focus on the proper management and costs of their pension and benefit plans.

The pension and benefits lawyers at Bennett Jones are members of the firm's employment services group and provide strategic advice to employers and other benefit plan administrators, managers and trustees. We advise on all aspects of the design, establishment, administration and investment of registered and non-registered pension plans, deferred profit sharing plans, registered retirement savings plans and other types of deferred compensation plans. We are also experienced in the full range of group benefit plans and equity-based compensation plans. In addition, our lawyers conduct due diligence and advise on pension and benefits issues in the context of corporate mergers, acquisitions and divestitures, as well as restructurings and insolvencies.

Companies and their boards benefit from our experience in pension plan governance matters, from advice on fiduciary duties to the implementation of appropriate governance structures. We also provide ongoing advice to the pension committees established by such boards.

Our advice to employers involves issues of plan administration and interpretation and regulatory and investment compliance. We regularly draft and conduct reviews of plan documents and benefit plan communications, as well as negotiate funding, investment management and other service agreements. Our work for plan sponsors includes advising on the use of surplus funds or assets, the payment of expenses, the ability to amend or merge plans, and plan terminations and wind-ups. We also assist employers in ensuring that benefit plans comply with the requirements of taxation, human rights, privacy and employment standards legislation. In the labour relations arena, we advise employers on dealing with benefit plans in the unionized context.

Together with other members of Bennett Jones' employment services group, our pension and benefits lawyers deal with a wide range of issues in relation to dealing with benefit plans and entitlements in employment agreements, executive contracts, employment terminations, corporate downsizings, and employee outsourcings. In conjunction with lawyers in other practice areas of the firm, our team advises on structuring investments for registered pension plans and in pension-related litigation.

Client Work

Broadridge

in its acquisition of Kyndryl's Securities Industry Services' wealth and capital markets technology platform

CIP Capital Management

as Canadian counsel, in its acquisition of People 2.0

ECI Software Solutions

in its acquisition of Avid Ratings

HMLP

in its refinancing of a C$1,300,000,000 credit agreement related to expansion of pipeline and terminal network systems

Hut 8

in its stalking-horse bid with Macquarie Equipment Finance for four Ontario natural-gas-fired generating facilities from Validus Power

Magna

in its acquisition of a portfolio of base metal assets in Sudbury Basin, Ontario, from a subsidiary of KGHM International

OceanSound Partners

as Canadian Counsel in connection with the acquisition of Core Avionics & Industrial

Osisko

in its approximately C$2-billion sale to Gold Fields

Recognize Partners

as Canadian counsel, in its acquisition from ABRY Partners of Blue Mantis and its subsidiaries in the United States, Canada and India

Longview Aviation Capital

in its acquisition of the Dash 8 program from Bombardier

CG Power Systems

in the sale of its assets to PTI Manitoba for an enterprise value of $20 million

Extendicare

in connection with the $83-million acquisition of the home health business of Revera

Newalta

in the sale of its industrial division to Revolution Acquisition LP, a company formed by Birch Hill Equity Partners, for cash proceeds of $300 million

Repsol

in the proposed $15.1-billion acquisition of Talisman Energy

Regal Beloit Corporation

in the US$1.44-billion world-wide acquisition of the Power Transmission Solutions business of Emerson Electric

ATCO

in the disposition of ATCO I-Tek and ATCO's Australian IT operations to affiliates of Wipro for aggregate sale proceeds of approximately $210 million

Darling International

in its acquisition of all the assets of Rothsay, a division of Maple Leaf Foods, for approximately $645 million

Precision Castparts

in its acquisition of all of the outstanding securities of Centra Industries

Glencore

in its acquisition of all the outstanding shares of Viterra for approximately $6.1 billion

Flint Energy Services

in its acquisition by URS Corp for $1.25 billion pursuant to a plan of arrangement

Sterling Group

in its acquisition of the Liqui-Box Corporation from DuPont

Meridian Credit Union

in its merger with Desjardins Credit Union to create Ontario's largest credit union with 263,000 members and $8 billion in assets under management

Elluminate

in its US $116-million acquisition by Blackboard

Castle Harlan

in the sale of United Malt Holdings to GrainCorp

CUNA Mutual Group

in its acquisition by Co-operators Life Insurance and Central 1 Credit Union

Gateway Casinos & Entertainment

in its US$1.5-billion restructuring of by way of a plan of arrangement

Thoma Bravo

in an agreement and plan of merger with Entrust

Recognitions

Chambers Canada

Pensions & Benefits

The Legal 500: Canada

Pensions

Related Services

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