In Rayonier v Unifor, Locals 256 and 89 arbitrator Paula Knopf dismissed a union policy grievance which alleged that an age 65 cut-off for long-term disability (LTD) benefits coverage under the parties' collective bargaining...more
On June 9, 2022, the Canadian Association of Pension Supervisory Authorities (CAPSA) published consultation drafts of pension plan guidelines covering environmental, social and governance (ESG) considerations, as well as...more
In response to the recent market declines and interruptions to businesses amid the COVID-19 pandemic, federal and provincial pension regulators have announced measures to provide relief to sponsors and administrators of...more
Recent Updates -
September 29, 2020: Changes made to Ontario to reflect Regulation 520/20 filed under the Pension Benefits Act (amending Regulation 909) which provides funding relief to pension plans, and Regulation 521/20...more
Recent Updates -
August 31, 2020: Changes made to Federal to reflect the revisions made to the Directives of the Superintendent pursuant to the Pension Benefits Standards Act, 1985. Effective August 31, 2020, the revisions...more
In response to the recent market declines and interruptions to businesses amid the COVID-19 pandemic, federal and provincial pension regulators have announced measures to provide relief to sponsors and administrators of...more
On July 2, 2020, the Department of Finance announced the release of proposed amendments to the Income Tax Regulations (Canada) that would assist registered pension plan (RPP) administrators and sponsors to manage and maintain...more
On June 24, 2020, Alberta's Superintendent of Pensions issued EPPA Update 20-04 respecting certain additional COVID-19 related relief measures set out in Order in Council 190/2020, also filed on June 24. As described in the...more
In response to the recent market declines and interruptions to businesses amid the COVID-19 pandemic, federal and provincial pension regulators have announced measures to provide relief to sponsors and administrators of...more
In response to the recent market declines and interruptions to businesses amid the COVID-19 pandemic, federal and provincial pension regulators have announced measures to provide relief to sponsors and administrators of...more
Recent Updates -
June 22, 2020: Changes made to Ontario with respect to extensions to filing and disclosure requirements. Incorporates COVID-19 pandemic pension related guidance issued by Manitoba.
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In response to the recent market declines and interruptions to businesses amid the COVID-19 pandemic, federal and provincial pension regulators have announced measures to provide relief to sponsors and administrators of...more
Effective May 27, 2020, new Solvency Special Payments Relief Regulations, 2020 issued under the Pension Benefits Standards Act, 1985 provide funding relief to sponsors of federally regulated pension plans with solvency...more
In response to the recent market declines and interruptions to businesses amid the COVID-19 pandemic, federal and provincial pension regulators have announced measures to provide relief to sponsors and administrators of...more
On May 22, the Financial Services Regulatory Authority of Ontario (FSRA) provided additional COVID-19 pandemic related guidance for administrators and sponsors of Ontario registered pension plans as an update to the...more
In response to the recent market declines and interruptions to businesses amid the COVID-19 pandemic, federal and provincial pension regulators have announced measures to provide relief to sponsors and administrators of...more
In response to the recent market declines and interruptions to businesses amid the COVID-19 pandemic, federal and provincial pension regulators have announced measures to provide relief to sponsors and administrators of...more
On May 5, 2020, the Registered Plans Directorate (RPD) of the Canada Revenue Agency announced COVID-19 pandemic-related relief and guidance for plan sponsors and administrators....more
In response to the recent market declines and interruptions to businesses amid the COVID-19 pandemic, federal and provincial pension regulators have announced measures to provide relief to sponsors and administrators of...more
In response to the recent market declines and interruptions to businesses amid the COVID-19 pandemic, federal and provincial pension regulators have announced measures to provide relief to sponsors and administrators of...more
In response to the recent market declines and interruptions to businesses amid the COVID-19 pandemic, the provincial pension regulators in Alberta, Saskatchewan and Nova Scotia have announced additional relief measures...more
On March 27, 2020, the Office of the Superintendent of Financial Institutions (OSFI) announced a series of regulatory adjustments designed to help reduce some of the operational stress on federally regulated institutions,...more
4/2/2020
/ Canada ,
Coronavirus/COVID-19 ,
Defined Benefit Plans ,
Filing Requirements ,
Financial Institutions ,
OSFI ,
Pension Funds ,
Pensions ,
Plan Administrators ,
Regulatory Requirements ,
Retirement Plan
In response to the COVID-19 pandemic and market disruption, on March 30, 2020, the British Columbia Financial Services Authority (BCFSA) published bulletin number PENS 20-002 setting out relief measures for pension plans...more
The unusual circumstances brought about by the COVID-19 pandemic are pushing businesses, individuals and governmental authorities, including pension regulators, to quickly adapt to changing restrictions and capabilities....more