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ARTICLE · 14 OCTOBER 2014

Ottawa Takes (Another) Swing At Pension Reform

Stikeman Elliott LLP
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The Minister of Finance released proposed amendments to the general regulations under the Pension Benefits Standards Act, 1985 including Schedule III to the PBSR.

CanadaEmployment and HR
Stikeman Elliott LLP
Stikeman Elliott LLP
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On Friday, September 19th, the Minister of Finance released proposed amendments to the general regulations under the Pension Benefits Standards Act, 1985 (the PBSR) including Schedule III to the PBSR (Schedule III). The federal government is taking comments on the proposed amendments until October 27, 2014.

If adopted, the proposed amendments, many of which were announced in 2009 or come as a result of yet-to-be adopted amendments made to the Pension Benefits Standards Act, 1985 in 2010, will affect a variety of pension stakeholders, including:

  • administrators of federally registered DB and DC pension plans;
  • administrators of DB and DC plans registered in Ontario, Alberta, British Columbia, Manitoba, Saskatchewan, and Newfoundland & Labrador who must comply with Schedule III; and

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