Monsanto decision a wakeup call for change

While many consider the Supreme Court of Canada’s decision in the Monsanto case a nail in the coffin of DB pension plans, the court has actually pointed the way to an improved system
By Keith Ambachtsheer
|Canadian HR Reporter|Last Updated: 11/09/2005

In the summer of 2004 the Supreme Court of Canada ruled Ontario employees affected by a partial pension plan windup are entitled to some share of any surplus that existed at the time of the windup with the actual distribution dependent on plan text. And with that long-awaited decision in the infamous

Monsanto

case many observers began a death watch for defined benefit (DB) pension plans.