The appellant, an Ontario public service employee, appealed a decision of the Financial Services Tribunal regarding a pension plan amendment.
Upon promotion to a management position, the appellant transferred from the OPSEU Pension Plan to the Public Service Pension Plan.
A 2013 amendment to the OPSEU Plan eliminated the payout of 'Excess Commuted Value' upon such transfers.
The appellant argued the amendment was void under the Pension Benefits Act for reducing an accrued pension benefit.
The Divisional Court dismissed the appeal, upholding the Tribunal's findings that the excess payment was not a 'pension benefit' and had not 'accrued' at the time of the amendment.
