The respondent obtained a default judgment against a former employee who defrauded it.
The respondent obtained an order authorizing the appointment of an equitable receiver to collect the employee's pension benefits upon retirement.
The employee died before retiring, and the respondent successfully moved to amend the order to collect the death benefits.
The designated beneficiaries appealed.
The Court of Appeal allowed the appeal, holding that section 66(1) of the Pension Benefits Act exempts pension benefits from execution, and it is not just or convenient to appoint an equitable receiver to circumvent this statutory protection.
The designated beneficiaries had a contingent equitable right to the death benefits, which vested upon the employee's death.