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ARTICLE · 07 MARCH 2018

2018 Federal Budget: Impact On Pensions And Benefits

Miller Thomson
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On February 27, 2018, the Canadian federal government released its 2018 Budget: Equality and Growth for a Strong Middle Class (the "2018 Budget").

CanadaEmployment and HR
Kim Ozubko
Kim Ozubko
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On February 27, 2018, the Canadian federal government released its 2018 Budget: Equality and Growth for a Strong Middle Class (the "2018 Budget"). In this post, we highlight the measures in the 2018 Budget that relate to pensions and benefits.

Protecting Canadians' Pensions

Under the heading of "Protecting Canadians' Pensions," the federal government committed, over the coming months, to "looking to obtain feedback from pensioners, workers and companies" on how to protect Canadians' pensions. While this is a vague commitment at best, the federal government has faced pressure in recent months from employee groups and other organizations to reform the current rules regarding the treatment of underfunded pension plans in insolvency situations.

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