Workplace Safety and Insurance Board - Pension Plan Conversion

The Board of Trustees of the WSIB Pension Plan Fund in the conversion of WSIB’s defined benefit, single employer pension plan to a jointly sponsored pension plan

Client

The Board of Trustees of the WSIB Pension Plan Fund

Value

$3.5 billion

Service

Pensions and Benefits

Date Closed

July 2020

Lead Office

Toronto


 

On July 1, 2020, Ontario’s Workplace Safety and Insurance Board (WSIB) and the Ontario Compensation Employees Union converted WSIB’s $3.5 billion defined benefit, single employer pension plan (SEPP) to a jointly sponsored pension plan (JSPP) that is now administered by an independent Board of Trustees. This SEPP to JSPP conversion is the first ever of its kind in Canada.  The WSIB plan is now listed as a JSPP under the Pension Benefits Act, consistent with a number of Ontario’s largest pension funds, such as the Ontario Teachers’ Pension Plan, the College of Applied Arts and Technology Pension Plan and the Ontario Municipal Employees Retirement System. 

Osler, Hoskin & Harcourt LLP advised the JSPP’s Board of Trustees with a team consisting of Paul Litner, Jonathan Marin, Glorie Alfred, Omar Sunderji, Olivia Suppa, Brenda Carson (Pensions & Benefits), Matias Milet, Jennifer Lee, Andrew Granek, Roger Smith (Taxation), Simon Hodgett (Technology), Lori Stein, Sandra Malcolm (Corporate), Melanie Simon and Kelly O’Ferrall (Employment & Labour). 


Team
Paul  Litner - Pensions & Benefits Lawyer in Toronto
Key Contact

Paul Litner

Partner, Pensions & Benefits

Jonathan Marin

Jonathan Marin

Partner, Pension & Benefits

Glorie Alfred

Glorie Alfred

Associate, Pensions and Benefits

Omar Sunderji

Omar Sunderji

Associate, Pension & Benefits

Olivia Suppa

Olivia Suppa

Associate, Pensions & Benefits

Brenda  Carson

Brenda Carson

Documentation Consultant, Pensions & Benefits

Matias Milet

Matias Milet

Partner, Taxation

Jennifer Lee

Jennifer Lee

Partner, Taxation

Andrew M. Granek

Andrew M. Granek

Associate, Taxation

Roger Smith

Roger Smith

Associate, Taxation

Simon  Hodgett

Simon Hodgett

Partner, Technology

Lori Stein

Lori Stein

Partner, Corporate Department

Sandra Malcolm

Sandra Malcolm

Associate, Corporate

Melanie Simon - Associate

Melanie Simon

Associate, Employment & Labour

Kelly O’Ferrall

Kelly O’Ferrall

Counsel, Employment & Labour