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ARTICLE · 28 APRIL 2014

April 2014: Federal Target Benefit Plan Consultation

Stewart McKelvey
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Now for something … different: Federal government starts consultations on target benefit pension plans framework.

CanadaEmployment and HR
Level Chan
Level Chan
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Now for something ... different: Federal government starts consultations on target benefit pension plans framework.

On April 24, 2014, the federal government released a potential framework for target benefit pension plans ("TBPs") and is seeking input on this additional pension plan option. The framework is discussed in a consultation paper and comments have been requested by June 23, 2014. The framework would apply to federally regulated private sector and Crown corporation pension plans under the Pension Benefits Standards Act, 1985 ("PBSA") and would not affect core public sector plans such as the Public Service Superannuation Act and other government plans. The government has also provided an FAQ.

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