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ARTICLE · 30 JANUARY 2009

Osler Pensions Benefits Brief - January 28, 2009

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On January 9, 2009, the federal government released a consultation paper: Strengthening the Legislative and Regulatory Framework for Private Pension Plans Subject to the Pension Benefits Standards Act, 1985.

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Below are recent pensions and benefits developments (with applicable web links) that may be of interest to you.

1. Federal - Consultation Paper re Pension Reform

On January 9, 2009, the federal government released a consultation paper: "Strengthening the Legislative and Regulatory Framework for Private Pension Plans Subject to the Pension Benefits Standards Act, 1985." The paper seeks stakeholders' views on a number of issues affecting defined benefit and defined contribution pension plans, including funding requirements, surplus ownership/distribution, contribution holidays, safe harbour rules, default investment options, and federal investment rules. Written comments on the consultation paper must be submitted by March 16, 2009. The federal government will also hold public consultations with key stakeholder groups.

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