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ARTICLE · 27 JUNE 2017

BC And Alberta Pension Plan Assessments – Deadline Approaching

Dentons Canada LLP
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As part of the enhanced governance requirements under British Columbia's Pension Benefits Standard Act and Alberta's Employment Pension Plans Act...

CanadaEmployment and HR
Taylor Buckley
Taylor Buckley
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As part of the enhanced governance requirements under British Columbia's Pension Benefits Standard Act and Alberta's Employment Pension Plans Act, pension plan administrators in Alberta and British Columbia are required to conduct an assessment their plan every three years. The deadline to complete the first assessment is December 31, 2017.

December may seem far off with summer just getting into full swing, but if you administer a pension plan in Alberta or BC you should start the assessment process soon in order to meet the deadline.

Contents of the assessment

The scope of the assessment under the legislation is broad, covering the "administration of the plan". The assessment should at a minimum cover the following areas and policies:

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