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Emerging Challenges in the University Sector: - Hicks Morley

Emerging Challenges in the University Sector: - Hicks Morley

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Halliburton Group Canada Inc. v. Alberta,2010 ABCA 254• In 2002, Alberta plan amended and all DB accruals“frozen”, <strong>in</strong>clud<strong>in</strong>g “f<strong>in</strong>al average earn<strong>in</strong>gs”• Super<strong>in</strong>tendent rejected amendments as retroactivereduction of “accrued benefits”• Members were entitled to have DB pensioncalculated on best average salary immediately priorto retirement<strong>Emerg<strong>in</strong>g</strong> <strong>Challenges</strong> <strong>in</strong> <strong>the</strong> <strong>University</strong> <strong>Sector</strong>:Stay<strong>in</strong>g a step ahead – March 28, 201221

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