Category: Legislation & Regulations
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Federal Announcement re Quarantine Benefits
The federal government announced that it will be introducing legislation to restrict access to the Canada Recovery Benefit (CRB), the Canada Recovery Caregiving Benefit (CRCB) and the Canada Recovery Sickness Benefit (CRSB . . .
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B.C. Regulation re Target Benefit Plan Funding
British Columbia amended the Pension Benefits Standards Regulation to provide short-term funding relief for target benefit plans . . .
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Manitoba Regulation re Special Payments
Manitoba filed Regulation 142/2020: Special Payments Moratorium Regulation - a new, stand-alone regulation under the Manitoba Pension Benefits Act . . .
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Ontario Regulations re Employment Standards & COVID-19
Ontario has filed two regulations under the Employment Standards Act, 2000, including a further extension of the COVID-19 Infectious Disease Emergency Leave . . .
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Quebec Final Regulation re Multi-Jurisdictional Plans
Quebec published a final Regulation to amend the Regulation respecting the funding of multi-jurisdictional defined benefit pension plans . . .
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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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Alberta Update re Electronic Beneficiary Designations
The Alberta Superintendent of Pensions published EPPA Update 20-07 regarding electronic beneficiary designations . . .
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Quebec Passed Bill 68 re Target Benefit Plans
Quebec passed Bill 68, An Act mainly to allow the establishment of target benefit pension plans, on December 11, 2020. Bill 68 amends the Supplemental Pension Plans Act, to permit the establishment of target benefit pension plans (TBP . . .
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Saskatchewan Amends Pension Benefits Regulation
Saskatchewan amended The Pension Benefits Regulations, 1993 (the Regulations) to exempt the Saskatchewan Teachers’ Retirement Plan, the Target Retirement Income Plan for the Regina Police Service, the Saskatoon Fire Fighters’ Pension Plan and the Saskatoon Police Pension Plan from the holdback requirement on commuted value transfers . . .
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