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Emerging Challenges in the University Sector: - Hicks Morley

Emerging Challenges in the University Sector: - Hicks Morley

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Retiree Benefits – Vest<strong>in</strong>g RevisitedLacey v. Weyerhaeuser Company Limited,2012 BCSC 353• Historically, predecessor company paid for entirepremium• Follow<strong>in</strong>g acquisition <strong>in</strong> 1999, Weyerhaeuser harmonizedbenefits program• In 2009, 50/50 premium shar<strong>in</strong>g <strong>in</strong>troduced for retirees• Retirees sued alleg<strong>in</strong>g breach of contract• Weyerhaeuser asserted retiree coverage was “gratuitous”<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, 201230

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