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ARTICLE · 29 OCTOBER 2015

Alberta And BC Pension Changes – Deadline Fast Approaching

Miller Thomson
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Significant changes have recently been made to the pension standards legislation in Alberta and BC.

CanadaEmployment and HR
Kim Ozubko
Kim Ozubko
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Significant changes have recently been made to the pension standards legislation in Alberta and BC. The new Alberta Employment Pension Plans Act ("EPPA") and related regulations came into force effective September 1, 2014 and the new British Columbia Pension Benefits Standards Act ("PBSA") and related regulations came into force effective September 30, 2015. The changes impact plans registered in BC or Alberta as well as plans registered in other Canadian jurisdictions that have members employed in BC or Alberta.

Plan administrators are required to administer (and should have been administering) their plans in accordance with the EPPA and PBSA as of the respective effective dates of the amendments. The deadline for formally amending a plan and filing the required amendments with the respective regulators is December 31, 2015. In addition, for plans registered in either BC or Alberta, there are a number of policies that, for most plans, must be drafted by the end of

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