Pension Regulatory Guidance and Measures Related to COVID-19 Pandemic (Updated) - June 2020 #4

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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 registered pension plans and to protect member benefits, including relief from solvency funding requirements, extensions to required filings and disclosures, and measures to limit commuted value transfers.

Recent Updates -

June 26, 2020: Changes made to Alberta with respect to the amendments made to the Employment Pension Plans Regulation which permit, certain exemptions to funding requirements and the use actuarial excess, and the ability to use electronic communication for certain documents.

Please see full Table below for more information.

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