• Supreme Court Decides Employer Need Not Necessarily Transfer Portion of Surplus to Successor Plan for Transferred Employees
  • October 13, 2010 | Author: Barry L. Glaspell
  • Law Firm: Borden Ladner Gervais LLP - Toronto Office
  • On October 7, 2010, the Supreme Court of Canada released its decision in Burke v. Hudson’s Bay Co., which confirms the Ontario Court of Appeal’s decision that a proportionate share of pension surplus in a defined benefit plan need not necessarily be transferred to a successor plan established for transferred employees on the sale of a division of a company.