Compliance News | December 2, 2019
December 2019 Governance Update
This Governance Update reviews news affecting pension plans. This issue identifies news from various provinces and a range of federal entities including the Canadian Association of Pension Supervisory Authorities (CAPSA).
Ontario's Permanent Framework for MEPPs
The Ontario Ministry of Finance has filed regulations for a target benefit framework for multi-employer pension plans (MEPPs) registered in Ontario.
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.
