Tag: Reg. 28.1
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Saskatchewan Amends Regulations to Freeze Transfer Payments
Effective April 16, 2020, Saskatchewan amended The Pension Benefits Regulations, 1993 to require administrators to obtain prior written consent from the Superintendent to transfer monies or make payments out of defined benefit plans if, in the Superintendent’s opinion, the transfer or payment would impair the solvency of the pension fund . . .
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FSCO Updates Surplus Policies
FSCO has published two updated surplus policies: S900-514: Surplus Distribution by Written Agreement – The Role of Legal Counsel and S900-512: Application by Employer for Payment of Surplus on Wind Up of a Pension Plan . . .
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FSCO Guideline re Administrative Penalties
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FSCO Consultation re Surplus Policies
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Ontario Final Regulation re Administrative Penalties
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