Tag: Reg. 36
New Brunswick published draft regulations, which will amend the General Regulation to provide plan sponsors with greater flexibility in funding solvency deficits. Comments are due by July 13, 2020 . . .
Saskatchewan Bill 151, The Personal Property Security Amendment Act, 2018, which is currently at first reading, includes amendments that would enhance the priority of amounts held in a pension plan's deemed trust . . .
The amendments provide temporary solvency funding relief for multi-jurisdictional defined benefit pension plans. In particular, the amendments extend the period for special payments from 5 to 10 years, and permit consolidation of previous solvency funding deficiencies. The solvency funding relief applies to a valuation report with a review date between December 31, 2016 and December 31, 2018.