News & Updates

Federal Government Releases Amendments to the Pension Benefits Standards Act, 1985 ("Federal PBSA")

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April 20, 2022

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The Federal government introduced the Budget Implementation Act, 2022, No. 1, which includes changes to the Federal PBSA that will impact federally regulated pension plans. Solvency Reserve Accounts will be introduced for DB plans. New governance requirements will apply to all plans. Details regarding governance policy requirements will be prescribed by Regulation.

You can read the full Notice of the Ways and Means Motion here.

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