Pension Regulatory Guidance and Measures Related to COVID-19 Pandemic (Updated) - August 2020

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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 to the Directives allow for the resumption of portability transfers and annuity purchases relating to defined benefit provisions of pension plans, subject to conditions similar to those in place prior to the portability freeze.

Please see full Update below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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