Tag: Reg. 22
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New Brunswick Regulations re DB Plan Funding
New Brunswick filed Regulation 2020-51, which amends the regulation under the Pension Benefits Act with respect to defined benefit plan funding . . .
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Ontario FSRA Variable Benefit Forms
The Financial Services Regulatory Authority published a series of variable benefit (VB) forms to be used by plan administrators who offer variable benefits.FSRA also notes that new family law forms are being developed for pension division cases involving a VB account . . .
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New Brunswick Draft Regulation re Solvency Funding
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 . . .
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B.C. Amends Regulation re DB Funding
British Columbia filed an Order in Council (B.C. Reg. 264/2019) amending the Pension Benefits Standards Regulation with respect to defined benefit plan funding and target benefit plans . . .
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Ontario Proclaims in Force New Variable Benefits Regime
Effective January 1, 2020, Ontario has proclaimed in force the new variable benefits (VB) rules, which will permit, but not require, an administrator to offer Life Income Fund (LIF)-like payments directly from a defined contribution plan through the establishment of a VB account. These rules come into force through the proclamation of a series of Bills, the publication of a new stand-alone Variable Benefits Regulation and related amendments to the Family Law Matters Regulation and General Regulation . . .
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FSCO Policy re Joint & Survivor Pension
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OSFI Instruction Guides re Disclosure Requirements
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Retail Wholesale Union Pension Plan and Summit/Lucerne/Macdonalds Division 2016 B.C. Supt. Pens. (May 31, 2016) – Refusal to Register Plan Amendment that Would Impact Retiree Benefits
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