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Request for review of Tribunal decision dismissed; Tribunal is functus officio and will not issue supplementary reasons.
The Applicant requested a review of a previous Tribunal decision dismissing her application, and suggested clarifications to the decision.
The Tribunal dismissed the request for review, finding that the Applicant was merely attempting to reargue her case and had not established any material errors of fact or law.
The Tribunal also declined to issue supplementary reasons to clarify the decision, noting that it was functus officio, though it did correct minor clerical errors pursuant to its Rules of Practice and Procedure.
Pension plan amendment changing inflation indexing method did not reduce accrued benefits under the Pension Benefits Act.
The applicant, a retired member of the OMERS pension plan, challenged an amendment to the plan that changed the method used to calculate inflation indexing.
The applicant argued that the amendment reduced her accrued pension benefits, contrary to section 14(1) of the Pension Benefits Act, because the new method produced a lower increase in the year it was implemented.
The Financial Services Tribunal dismissed the application, finding that the new method was actuarially equivalent to the old method and would produce the same level of inflation protection over time.
The Tribunal held that the amendment did not reduce the aggregate amount or the commuted value of the applicant's accrued pension.
Motion for written hearing denied due to contested expert evidence requiring cross-examination.
At a pre-hearing conference, the Financial Services Tribunal considered applications for party status and a motion by the unrepresented applicant to convert the proceeding from an oral to a written hearing.
The Tribunal granted limited party status to two organizations but dismissed the other applications.
The Tribunal also dismissed the applicant's motion for a written hearing, finding that the presence of contested expert evidence constituted good reason to maintain an oral hearing to allow for cross-examination, despite the applicant's concerns about being unrepresented.