amendments – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 22 Nov 2024 22:16:07 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 FSRA outlines final guidance on retroactive adverse amendments https://www.benefitscanada.com/pensions/governance-law/fsra-outlines-final-guidance-on-retroactive-adverse-amendments/ Wed, 05 Jun 2024 13:00:28 +0000 https://www.benefitscanada.com/?p=156539 In its newest guidance, the Financial Services Regulatory Authority of Ontario is barring pension plan administrators from registering retroactive adverse amendments that could have a negative impact on plan members or beneficiaries, such as changes in contribution rates, subject to limited exceptions. “What we found coming out of the [coronavirus] pandemic, . . . there was […]

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]]> New Brunswick amending pension legislation to allow for reserve accounts, annuity buyouts https://www.benefitscanada.com/pensions/governance-law/new-brunswick-amending-pension-legislation-to-allow-for-reserve-accounts-annuity-buyouts/ Tue, 09 Aug 2022 13:00:21 +0000 https://www.benefitscanada.com/?p=125253 New Brunswick is amending its Pension Benefits Act to allow for enhanced communications with plan members, exempt compulsory membership for religious beliefs and allow for reserve accounts and the statutory discharge of annuity buyouts. The amendments will also provide the Financial and Consumer Services Commission with the authority to address overpayment errors and grant rule-making, according to […]

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]]> Impending Changes to Ontario Pension Benefits Act https://www.benefitscanada.com/canadian-investment-review/cir-news/impending-changes-to-ontario-pension-benefits-act/ https://www.benefitscanada.com/canadian-investment-review/cir-news/impending-changes-to-ontario-pension-benefits-act/#respond Tue, 06 Mar 2018 04:19:40 +0000 https://cumulus.benefitscanada.com/uncategorized/impending-changes-to-ontario-pension-benefits-act/ 2018 to be a significant year for pension reform in Ontario.

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