130 Adelaide St W, Suite 1005, Box 17, Richmond-Adelaide Centre, Toronto, ON
Year called to bar: 1997 (ON)
Terra Klinck is a leading pension and benefits lawyer with over 25 years of experience. She is the Managing Partner of BMKP Law LLP, a pension, benefits, and executive compensation law boutique. Terra advises provincially and federally regulated employers and plan administrators on matters relating to defined benefit and defined contribution arrangements and supplementary pension plans. Her expertise includes governance, fiduciary responsibilities, regulatory compliance, plan administration, funding requirements, pension fund investment, and surplus utilization strategies. Terra has a wealth of experience advising private sector employers on the restructuring of legacy defined benefit pension arrangements, including investment restructuring, de-risking initiatives (such as annuity transactions), plan mergers, and wind-ups. She also has extensive experience advising on pension and benefit matters in the context of corporate transactions, including mergers and acquisitions, insolvencies, and restructurings. Terra has received the Lexpert ZenithAward for mid-career excellence and was recognized as an Elite Woman by Benefits and Pensions Monitor in 2025. She has also been recognized by Chambers and Partners, Best Lawyers, The Legal 500, and the Lexology Index.
On June 30, 2017, Stelco Inc. (Stelco), formerly U.S. Steel Canada Inc., emerged from Companies’ Creditors Arrangements Act (CCAA) proceedings through the implementation of a CCAA plan. This involved the compromise of more than $2 billion of debt and the restructuring of approximately $2 billion of pension and benefit obligations.
Postmedia Network Inc. (Postmedia) completed the acquisition of Sun Media Corporation’s (Sun Media) English language newspapers and speciality publications, as well as digital properties including the Sun chain of dailies, consisting of The Toronto Sun, The Ottawa Sun, The Winnipeg Sun, The Calgary Sun and The Edmonton Sun, as well as The London Free Press and the free 24 Hours dailies in Toronto and Vancouver, from Quebecor Media Inc. (the Sun Media Acquisition).
