More Changes to Federal Pension Legislation, including Pension Investment Requirements Applicable to Many Canadian Pension Plans - May 2010
Date:
May 12 2010
In the most recent development in federal pension reform, the federal Department of Finance released its proposed amendments to the Regulations to the Pension Benefits Standards Act 1985 (the “Regulations”) for comment.
The measures included in the most recent iteration of the federal government’s reform package are primarily relevant to sponsors of defined benefit pension plans, as they focus on changes to pension fund investment requirements, and the rules regarding contribution holidays and solvency funding. That being said, the changes to the pension fund investment requirements will affect many provincially regulated pension plans which are also subject to federal investment requirements.
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