Articles | July 7, 2021
Governance Update: July 2021 Pension News
Our Governance Update reviews news affecting pension plans. This issue identifies news from several provinces, as well as from the following federal entities:
- Canada Revenue Agency (CRA)
- Federal Department of Finance
- Office of the Superintendent of Financial Institutions
Download the issue to learn more details.
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Alberta Amends Calculation of PfAD That Applies to TBPs
See the new PfAD calculation for Alberta target benefit plans, including 4 factors trustees should consider to determine the supplementary percentage.
Amendments to the Pension Benefits Standards Act and Regulations
Amendments to the Pension Benefits Standards Act are now in effect, including a new funding framework and funding and governance policy requirements.
3rd Consultation on a Permanent Framework for Ontario MEPPs
Multi-employer pension plans: Read our overview of the Ontario Ministry of Finance’s proposed new funding benefit framework and conversion process.
