Tag: Act s. 28.1
Manitoba introduced Bill 8, The Pension Benefits Amendment Act, for first reading on November 27, 2019. Bill 8 includes amendments to the Manitoba Pension Benefits Act . . .
On October 19, 2016, the federal government introduced Bill C-27, An Act to amend the Pension Benefits Standards Act, 1985, for first reading. If passed, the Bill will amend the federal Pension Benefits Standards Act (PBSA) to establish a framework enabling federally regulated employers to set up target benefit plans (TBP). The Bill will also amend the PBSA to permit pension plan administrators to purchase immediate or deferred life annuities for former members or survivors in satisfaction of defined benefit (DB) plan obligations.