Trustees of multi-employer pension plans rely on Doug LeFaive to help them navigate the complicated and highly-regulated world of running a target-benefit pension plan, and to meet the high standards the law requires of them.
Doug’s clients include both jointly-trusteed and union-trusteed plans, including some with members from more than one union. He also represents trustees of health and welfare plans and multi-employer, defined contribution plans. Doug enjoys advising trustees on how to reconcile and apply often-conflicting provincial and federal pension laws to ensure that all members are treated equitably and unnecessary court and regulatory proceedings are avoided.
While representing the trustees of multi-employer, target-benefit pension plans, Doug:
- convinced New Brunswick to permit his client to apply the pension legislation of British Columbia to that plan’s New Brunswick members so they could avoid the benefit reductions otherwise required
- made multiple presentations to Quebec’s pension regulator, which ultimately lead to the complete rewriting of that province’s pension legislation for multi-employer pension plans
- successfully divided three multi-jurisdictional, multi-employer pension plans, with members in eight different provinces, in accordance with the then-draft Agreement Respecting Multi-Jurisdictional Pension Plans
- assisted an Ontario-registered, multi-employer plan in growing from less than 25,000 members to more than 60,000 members while increasing its assets from $300 million to more than $1.6 billion
Doug also represents unions and individual plan members in pension plan disputes and ensures that his clients receive everything they are legally-entitled to receive, and sometimes more.
Doug is a former journalist, and offshore oilfield worker, who was called to the Ontario bar in 2000 after articling at the firm. He is a member of the Financial Services Regulatory Authority of Ontario’s Technical Advisory Committee for Multi-Employer Pension Plans and an enthusiastic, but highly unskilled, golfer.