Tag: Act s. 9
OSFI published a Schedule of Expected Pension Contributions Form for plan administrators to set out their expected contributions for the year . . .
Senator Eggleton's Bill S-253, An Act to amend the Bankruptcy and Insolvency Act and other Acts and Regulations (pension plans), was referred to second reading on September 25, 2018. Bill S-253 is the latest Bill to try to change the regime governing underfunded pension plans of a company that is restructuring or insolvent.
The Canadian Association of Pension Supervisory Authorities has published a checklist outlining the information that should be provided to the pension regulator when contributions have not been remitted in accordance with applicable pension standards legislation. Attached to the checklist are tables summarizing the requirements by jurisdiction with respect to: (i) notice requirements regarding late or irregular contributions; and (ii) contribution remittance timeframes.
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