This bulletin summarizes regulatory relief for pension and
retirement plans across Canada as a result of COVID-19. It reflects
changes announced on April 4, 2020.
Alberta
EPPA (Employment Pension Plans Act) Update 20-01 (the
"Update") provides the following immediate administrative
relief:
- Extension of the timelines to file
annual information returns, audited financial statements, actuarial
valuation reports and cost certificates with the
Superintendent's office; and
- Extension of the timelines to issue
annual and event-driven member disclosure statements.
The Update sets out detailed information and timelines regarding
the relevant extensions.
Alberta reminds pension plan administrators that per the
Employment Pension Plans Act "an administrator of a
pension plan must not, without the consent of, or without being
directed to do so by, the Superintendent, transfer assets out of
the pension fund ... if the transfer would impair the solvency of
the
