The applicant, a former member of a multi-employer pension plan, challenged the calculation of his pension benefits and the composition of the Board of Trustees.
He argued that his pension should have been calculated based on a 2% defined contribution formula and that the plan was not a multi-employer plan.
The Financial Services Tribunal confirmed the Superintendent's proposal to refuse to order a recalculation, finding that the pension was correctly calculated under the plan's defined benefit formula and that there was no evidence of improper board composition or retroactive reduction of benefits.
