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Category Archives: Pension Benefits

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How will you fund your retirement?

Posted in Pension Benefits
According to a recent survey by the Bank of Montreal, many Canadians expect their retirement to be funded by the Canada Pension Plan (CPP), inherited wealth and/or lottery winnings, rather than personal savings.  Approximately 90% of those interviewed expressed that they expected the CPP to cover post-retirement living expenses, despite an average monthly payment of … Continue Reading

Carrigan v. Carrigan Estate: Implications for Pension Administrators

Posted in Pension Benefits
The recent Ontario Court of Appeal decision in Carrigan v. Carrigan Estate (“Carrigan”) has radically altered our understanding of the priority scheme for payment of pre-retirement death benefits to surviving spouses under Ontario’s Pension Benefits Act (“PBA”).  We have previously discussed the estate law and family law implications of Carrigan (see our blog postings here … Continue Reading

Carrigan Revisited

Posted in Pension Benefits
Yesterday, Nadia M. Harazymowycz blogged about a recent Ontario Court of Appeal decision which brought together the worlds of family and estate law. Today, I turn to a somewhat more detailed look at that case and its potential impact on estate litigation. Carrigan v. Carrigan Estate dealt with the issue of who, as between a … Continue Reading

Is Your Pension Plan Enough?

Posted in Pension Benefits
I can recall various conversations with my grandparents about what it’s like to live into your 80s and 90s. The responses varied on the day and the specific topic of discussion, but there was always an undercurrent that life was worth living, and that extending life was a good thing. The dreams you have for your ‘elder … Continue Reading
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