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ARTICLE · 30 APRIL 2020

Pension Plan Regulatory Relief And COVID-19

Miller Thomson
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In our most recent post, we highlighted some of the regulatory relief available to administrators of Ontario registered pension plans as a result of COVID-19.

CanadaCoronavirus (COVID-19)
Kim Ozubko
Kim Ozubko
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In our most recent post, we highlighted some of the regulatory relief available to administrators of Ontario registered pension plans as a result of COVID-19. In this post, we highlight the various forms of relief that have been made available, to date, by the pension standards regulators in jurisdictions other than Ontario.

British Columbia

On March 30th, the British Columbia Financial Services Authority ("BCFSA") published Pension Bulletin 20-002, COVID-19: Relief Measures for Pension Plans in British Columbia, in which it announced the following measures for pension plans registered in British Columbia:

  • Extension of the deadline to provide annual statements to active members and persons receiving pensions by 60 days for all plans required to provide such statements between March 30, 2020 and December 29, 2020.

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