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New Brunswick's Bill 17, Pension Plan Sustainability and Transfer Act, receives Royal Assent

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January 11, 2024

New Brunswick’s Bill 17, Pension Plan Sustainability and Transfer Act received Royal Assent on December 13, 2023.

The Bill establishes a process to transfer designated pension plans to shared-risk plans already registered under the provincial Pension Benefits Act. The New Brunswick Finance and Treasury Board has indicated that the Bill is expected to impact approximately 7,850 active members enrolled in five designated plans. Transfers are anticipated to begin on February 1, 2024.

Click here for a news release from the New Brunswick government website. 

Or, to read the full bill, click on more information below:

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