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ARTICLE · 23 MARCH 2020

Pension Plan Administration During COVID-19

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Many of you are undoubtedly dealing with a wide range of issues related to your workplace. Among the issues that may impact your employees and your obligations as an employer ...

CanadaEmployment and HR

Many of you are undoubtedly dealing with a wide range of issues related to your workplace. Among the issues that may impact your employees and your obligations as an employer are those relating to the administration of a registered pension plan. The purpose of this post is to briefly highlight the obligations of an employer that is also the administrator of a registered pension plan during the COVID-19 crisis.

Duties of Plan Administrators – General

An organization that sponsors and administers a registered pension plan has duties and obligations under both legislation and the common law. Those duties and obligations must continue to be met regardless of the current circumstances; a breach of any of those duties and obligations can result in legal liability.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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