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 -
May 21, 2020: Changes made to Quebec to provide further information on the extensions to filing and disclosure requirements and commuted value transfers/restrictions on transfers. Changes made to New Brunswick with respect to suspension of contributions in a defined contribution pension plan.
Please see full Table below for more information.