Biography

Megan advises boards of trustees and plan sponsors on a variety of legal matters involving pension plans, employee life and health trusts and other benefit plans. Her clients include both single employer plans and trusteed multi-employer plans across a wide range of industries.

Megan prepares and amends plan texts and trust agreements, advises on the application of provincial and federal pension legislation and regulator policy, and drafts supporting plan documentation such as participation agreements, third party reimbursement agreements and governance policies. She advises on issues that arise in day-to-day plan administration, assists her clients with specialized projects such as plan conversions, plan terminations and matters related to ownership of plan surplus, and assists the resolution of benefit disputes outside of court. She regularly works with the BC Financial Services Authority and other regulatory agencies through her practice.

Megan also negotiates a variety of plan contracts for her clients, including investment management and subscription agreements, custodial or solvency reserve account trust agreements, letter of credit trust agreements, securities lending agreements, annuity contracts, disability insurance policies and other pension and benefit plan service provider agreements. Megan has significant experience reviewing and advising on pension and benefit plan investment agreements.

Professional Activities

  • The Law Society of British Columbia, Member
  • The Law Society of Saskatchewan, Member
  • Canadian Bar Association, Pensions and Benefits Section (Current British Columbia Section Co-Chair (2 terms), Current National Executive Member (4 terms), Past British Columbia Section Chair (3 terms), Past British Columbia Section Secretary (3 terms)
  • Canadian Pension & Benefits Institute, Member
  • Association of Canadian Pension Management, Member
  • International Foundation of Employee Benefit Plans, Member
  • International Pension and Employee Benefits Lawyers’ Association, Member

Community Activities

  • Down Syndrome Resource Foundation, Director (as of June 2022)

Recognitions & Rankings

Recognitions & Rankings

  • Chambers Canada 2023: recognized for Pensions & Benefits - Nationwide (Band 5)
  • Chambers Canada 2022: recognized for Pensions & Benefits - Nationwide (Up & Coming)

Experience

Experience

Megan has experience:

  • Acting for plan sponsors transitioning to an outsourced chief investment officer model for pension plan investments
  • Negotiating investment management and subscription agreements
  • Reviewing alternative investment documentation
  • Negotiating buy-out annuity policies and other group annuity policies with insurers on behalf of pension plan sponsors
  • Providing opinions on surplus ownership
  • Advising boards of trustees of negotiated cost, multi-employer plans on conversion from defined benefit to target benefit provisions
  • Representing a board of trustees to transition a pension plan from federal to provincial jurisdiction
  • Advising on plan governance matters and transition to new governance arrangements
  • Drafting and amending plan texts for pension plans and employee life and health trusts
  • Drafting legal opinions on a variety of matters respecting plan administration, the application of pension, trust and tax law to pension plans and employee life and health trusts, and the interpretation of plan texts and trust agreements
  • Advising on plan terminations
  • Liaising with the BC Financial Services Authority and other pension regulators on a variety of matters related to the administration of pension plans, including drafting submissions on behalf of clients and preparing requests for consent
  • Presenting to retirement committees on pension plan governance and fiduciary obligations
  • Negotiating trust agreements, solvency reserve account trust agreements, letter of credit trust agreements and custodial agreements with institutional trustees
  • Assisting pension plan administrators to achieve compliance with new pension and family law legislation
  • Preparing third party reimbursement agreements and amending disability plan texts to improve the third party reimbursement regime
  • Restating and modernizing trust agreements for boards of trustees of pension plans and employee life and health trusts
  • Drafting internal policies and plan governance documents, including funding policies, governance policies, terms of reference and investment policies
  • Acting for pension plan administrators to assist the resolution of contentious benefit disputes outside of court
  • Negotiating pension and benefit terms in a corporate merger agreement
  • Representing a company creating a new defined benefit plan
  • Providing support in pension and benefit litigation and arbitration matters, including drafting arguments for an arbitration hearing and advising on a pension plan class action

News & Publications

News & Publications

Blog Posts

Speaking Engagements

Speaking Engagements

  • Legal and Legislative Update; presented to the British Columbia Chapter of the International Society of Certified Employee Benefit Specialists, June 7, 2022 (webinar)
  • Employee Life and Health Trusts, presented at Pacific Business & Law Institute’s 28th Annual Essential Tasks of Pension and Benefit Trustees, Feb 2022
  • Legal and Legislative Update; presented to the British Columbia Chapter of the International Society of Certified Employee Benefit Specialists, June 17, 2021 (webinar)
  • Conversion of Health and Welfare Trusts to Employee Life and Health Trusts; presented at Pacific Business & Law Institute’s 27th Annual Essential Tasks of Pension and Benefit Trustees, Feb 2021 (webinar)
  • Termination Age and LTD—What You Should Think About; presented at the International Foundation of Employee Benefit Plans 53rd Annual Canadian Employee Benefits Conference, October 6 2020 (webinar) (co-speaker)
  • Legal and Legislative Update; presented to the British Columbia Chapter of the International Society of Certified Employee Benefit Specialists, June 16, 2020 (webinar)
  • Converting from Health and Welfare Trusts to Employee Life and Health Trusts; presented in Montreal at Act 19, Canadian Institute of Actuaries Annual Conference, June 20, 2019 (co-speaker)
  • Legal and Legislative Update; presented in Vancouver to the British Columbia Chapter of the International Society of Certified Employee Benefit Specialists, June 4, 2019
  • Legal Update, Vancouver, June 4, 2019
  • What’s Changing in Benefits?—Legislative Update, International Foundation of Employee Benefit Plans' Canadian Legal and Legislative Update, May 15, 2019, Co-Speaker
  • What’s Changing in Benefits? - Legislative Update, presented at the International Foundation of Employee Benefit Plans 52nd Annual Canadian Employee Benefits Conference, May 15, 2019 (co-speaker)
  • Legal Update, Vancouver, June 19, 2014
Megan Kaneen, Lawson Lundell Photo
Vancouver
t 604.631.9229
f 604.669.1620

Assistant Contact

Bar Admissions

  • British Columbia (2008)

Education

University of Victoria (B.Sc. with distinction, 1999)

University of British Columbia (LL.B., 2007)

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