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ARTICLE · 22 APRIL 2020

COVID-19 Plan Administration Issues: Actions From Federal And Ontario Pension Regulators

Borden Ladner Gervais LLP
Borden Ladner Gervais LLP
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The federal and Ontario pension regulators are adjusting their policies by addressing plan administration issues arising from the COVID-19 crisis.

CanadaCoronavirus (COVID-19)

The federal and Ontario pension regulators are adjusting their policies by addressing plan administration issues arising from the COVID-19 crisis. With these adjustments, the regulators are protecting the interests of pension plan members and assisting plan administrators in complying with regulatory requirements.

This is relevant to you if your organization has a pension plan registered with the Office of Superintendent of Financial Institutions of Canada or the Financial Services Regulatory Authority of Ontario (formerly the Financial Services Commission of Ontario). The pension regulators of other provinces have not yet issued any guidance specific to COVID-19.

Office of the Superintendent of Financial Institutions of Canada

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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