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.