Federally-regulated private pension plans have undergone significant amendments which, according to federal Finance Minister Jim Flaherty, will bring them firmly into the 21st century. Experts agree the new amendments will address many of the issues plans are facing, especially defined benefit packages, which have taken a hit in the wake of the economic downturn. They also note that the government has addressed the concerns of both plan members and employers.

Read Donalee Moulton's entire article, Lawyer Lauds Reforms as 'Sweet Smelling', appearing in The Bottom Line (August 2010).

Republished with permission.