Category: Nova Scotia
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CAPSA Announcement re Multi-Jurisdictional Agreement
Further to several jurisdictions publishing regulations/orders approving the 2020 agreement regarding multi-jurisdictional pension plans (the 2020 Agreement), CAPSA has released its communications regarding the adoption of the 2020 Agreement . . .
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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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Nova Scotia Extends Filing Deadline – Again
The Nova Scotia Finance and Treasury Board updated its website to indicate that Annual Information Returns and Audited Financial Statements that were due between March 31 or June 30, 2020 have been given a filing extension until August 31, 2020. The extension is automatic (i.e., plan administrators do not need to apply for it . . .
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Nova Scotia Approves Agreement re Multi-Jurisdictional Pension Plans
Further to my earlier post regarding the new (2020) Agreement Respecting Multi-Jurisdictional Pension Plans, Nova Scotia has filed an Order in Council (2020-130) approving its participation in the Agreement . . .
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Nova Scotia Extends Filing Deadline
The Nova Scotia Finance and Treasury Board announced that Annual Information Returns and Actuarial Valuation Reports that were due 31 March or 30 April have been given a filing extension until May 31, 2020 . . .
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Nova Scotia Proclaims PBA Amendments in Force
Effective April 1, 2020, Nova Scotia proclaimed in force amendments to the Nova Scotia Pension Benefits Act and the regulations. These amendments were included in Bill 109, Pension Benefits Act (amended), which received Royal Assent on April, 12, 2019 and Regulation 31/2020 . . .
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Nova Scotia Consultation Paper re Plan Funding
On April 12, 2019, Nova Scotia passed Bill 109, Pension Benefits Act (amended), making a number of amendments to the Pension Benefits Act (PBA), related to defined benefit plan funding. Nova Scotia is now seeking input on amendments to the regulations under the PBA and has published a consultation paper . . .
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Casey v. Teachers’ Pension Plan Trustee Inc., 2019 NSSC 135 – Court Defers to Jurisdiction of Pension Plan Appeals Committee
Casey commenced an action, arguing that the NSPC and the Plan's Trustee, Teachers’ Pension Plan Trustee Inc. (the Trustee), had been negligent in not permitting her to apply for a disability pension. The NSPC and Trustee, in turn, submitted that the Court did not have jurisdiction to hear the case. In particular, the defendants argued that the matter fell within the exclusive jurisdiction of the TPA, and under the TPA there is an Appeals Committee for individuals who do not agree with an NSPC decision regarding eligibility for benefits . . .
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Nova Scotia Introduces Bill 109 re Pension Benefits
The Nova Scotia government introduced Bill 109, Pension Benefits Act (amended), for first reading on March 12, 2019. The Bill makes a number of amendments to the Nova Scotia Pension Benefits Act, largely related to plan funding . . .
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Nova Scotia (Finance and Treasury Board) (Re), 2018 NSOIPC 4 – Privacy Commissioner Orders Disclosure of Information Collected in AIRs
The Nova Scotia Department of Finance and Treasury Board (the Department) regulates Nova Scotia pension plans and, as a part of that, receives annual information returns (AIR) from all such plans. The applicant filed an access to information request with the Department seeking a list of all registered pension plans and for each plan:
- the name of the plan;
- whether it is a defined benefit or defined contribution plan;
- the name and contact information for the plan administrator;
- the number of active members; and
- the market value of the plan at year’s end.
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