Terra Klinck
Canada Guide 2024
Band 3 : Pensions & Benefits
Email address
[email protected]Contact number
416-922-1106Share profile
Band 3
About
Provided by Terra Klinck
Practice Areas
Pension, Benefits and Executive Compensation
Career
Terra L. Klinck is an experienced pension and benefits lawyer with Toronto-based firm, Brown Mills Klinck Prezioso LLP. Terra has over 25 years’ experience advising both provincially- and federally-regulated employers and plan administrators, primarily in the private sector, on all legal issues relating to defined benefit (DB) and defined contribution (DC) pension plans, including: governance, fiduciary responsibilities, plan administration and regulatory compliance, funding requirements, pension fund investment and surplus utilization. Terra has a wealth of experience advising private sector employers restructure their legacy DB pension arrangements, including investment restructuring and de-risking initiatives (e.g., buy-in and buy-out annuity purchases), plan mergers and plan wind-ups. Terra has extensive experience advising on pension and benefit matters in corporate transactions, including mergers and acquisitions, insolvencies and restructurings.
Professional Memberships
• Canadian Bar Association, Pension and Benefits Law Section – Executive Committee Member (current), Outreach Officer (2022-2023)
• Osgoode Professional Development, Pension Law Certificate Program – Instructor (2018-2023)
• Financial Services Regulatory Authority of Ontario, Standing Technical Advisory Committee for Defined Contribution Pension Plans – Member (2020-2023)
• Ontario Bar Association, Pension and Benefits Law Section – Member (current), Previous Executive Committee Member
Publications
Recognized in:
• The Best Lawyers in Canada (2020-2024)
• Chambers Canada (2021-2023)
• Canadian Legal Lexpert Directory (2015-2018, 2020-2023)
• Who’s Who Legal: Labour, Employment & Benefits (2019-2023)
• Who’s Who Legal: Canada (2019-2022)
Experience
Representative Work:
• Advises a large professional association in conjunction with its development and implementation of a retirement program for its 40,000 members, which includes a novel annuity purchase feature.
• Acts as counsel to a large Canadian financial institution in respect of its Canadian pension and savings plans, including governance, compliance and regulatory matters, plan consolidations and mergers and acquisitions related activities.
• Advises an employer on the conversion of its single employer plan into a sector jointly sponsored pension plan, including the transfer of legacy defined benefit liabilities.
Education
University of Western Ontario
LL.B.
Awards
Zenith Award
Lexpert
2018