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ARTICLE · 07 APRIL 2010

Changes to Federal Pension Legislation

Dentons Canada LLP
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The federal government has introduced legislation to implement some of the proposals contained in its pension reform package released in October 2009.

CanadaEmployment and HR
Reesha Hosein
Reesha Hosein
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The federal government has introduced legislation to implement some of the proposals contained in its pension reform package released in October 2009. To review the proposals, please see FMC's Pensions | Benefits Newsletter - November 2009.The changes to the Pension Benefits Standards Act (the "Act") are part of Bill C-9, which received its First Reading in the House of Commons on March 29, 2010. (These changes do not apply to pension plans subject to the pension benefits legislation of any of the provinces).

Although some of the changes to the Act contained in Bill C-9 are relevant to all federal pension plan sponsors, the focus of the amendments in Bill C-9 clearly reflects an intention by the federal government to respond to the effects of the financial crisis on defined benefit pension plans.

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