Until death do us part: Attempts to reduce retiree benefits fail—for now

September 01, 2013 0 COMMENTS

By Ralph Nero, Ross Gascho, and Keri Bennett

As in the United States, some Canadian employers have attempted to eliminate or reduce post-retirement benefits in order to address escalating costs. In two recent cases, Canadian employers were found to be not entitled to reduce post-retirement health and life insurance benefits. Courts in both Ontario and British Columbia have recently ruled that, under the respective plans before them, the employer’s “reservation of rights” (ROR) to make such changes was not sufficiently clear and unambiguous. read more…