Category: Newfoundland & Labrador
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Newfoundland Directives re LIRAs, LIFs, LRIFS & Unlocking
Newfoundland & Labrador Superintendent of Pensions issued new Directives regarding: Locked-in Retirement Accounts (LIRAs), Life Income Funds (LIFs), Locked-In Retirement Income Funds (LRIFs) and the Potential Impacts of Unlocking Due to Financial Hardship . . .
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Newfoundland Amends Regulation re Unlocking Documentation
Newfoundland and Labrador filed Regulation 4/21, amending the Pension Benefits Regulation to list the documentation required for financial hardship and non-residency withdrawals . . .
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Newfoundland Passed Bill 54 re Unlocking
Newfoundland and Labrador Bill 54, An Act to Amend the Pension Benefits Act, 1997 received Royal Assent on December 15, 2020 . . .
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Newfoundland Introduced Bill 54 re Pension Benefits
Newfoundland and Labrador introduced Bill 54, An Act to Amend the Pension Benefits Act, 1997 for first reading. Bill 54 amends the Pension Benefits Act, 1997 to permit financial hardship and non-residency withdrawals . . .
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Newfoundland Regulatory Guidance re Retirement Age Assumption for Commuted Value Calculations
Newfoundland published a memo, "Retirement Age Assumption for Commuted Value Calculations under the new Canadian Institute of Actuaries’ Standards of Practice for Pension Commuted Values, Effective December 1, 2020 . . .
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Status Update: New Leaves of Absence
Most jurisdictions across Canada have added or updated an emergency or public health leave of absence. Below is a quick recap of changes to date . . .
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More Leaves of Absence in Response to COVID-19
Newfoundland introduced Bill 33, COVID-19 Pandemic Response Act, on March 26, 2020. Bill 33 includes amendments to the Labour Standards Act (LSA), adding a new communicable disease emergency leave . . .
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Newfoundland Regulation re Memorial Plan Funding Exemption
Newfoundland published Regulation 12/19 amending the Pension Benefits Act Regulations to extend the plan funding exemption for the Memorial University Pension Plan . . .
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Newfoundland Directive re IPP Funding & Requirements for Registration
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Federal Passes Bill C-45 re Cannabis Legalization
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