Can a pension plan regulated under the PBSA be terminated in common law?
Ontario, Canada
The following excerpt is from Lacroix v. Canada Mortgage and Housing Corporation, 2012 ONCA 243 (CanLII):
The appellants rely heavily on the minority reasons of Bastarache J. in Buschau. As I said, in that case, the court unanimously held that the members of a pension plan regulated under the PBSA could not invoke the common law rule in Saunders v. Vautier [See Note 12 below] to terminate the plan.
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