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Emerging Challenges in the University Sector: - Hicks Morley

Emerging Challenges in the University Sector: - Hicks Morley

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Qu<strong>in</strong>n v. New Brunswick, 2011 NBQB 182• Def<strong>in</strong>ed benefit pension plan adm<strong>in</strong>istered by aPension Committee (PC)• PC authorized to amend <strong>the</strong> Plan; however, noamendment could retroactively reduce accruedbenefits for service prior to <strong>the</strong> amendment date• PC sought Court’s direction whe<strong>the</strong>r Plan couldelim<strong>in</strong>ate <strong>in</strong>dexation (COLA) for active membersand retirees<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, 201223

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