Federal Government Announces Amendments to 

the Pension Benefits Standards Regulations

On September 19, 2014, the federal Department of Finance announced the third tranche of proposed amendments (Proposals) to the Pension Benefits Standards Regulations (PBSR). The Proposals support amendments to the Pension Benefits Standards Act, 1985 (Canada) (PBSA) that were passed in 2010 but are not yet proclaimed in force. They would also give effect to the federal government’s separate proposals to modernize the investment rules applicable to pension plans, announced in conjunction with the 2010 changes to the PBSA.

The Proposals can be divided into three categories: amendments to the portions of the PBSR comprising the Federal Investment Rules (FIR), which will affect all federally registered plans as well as all plans registered in Ontario, British Columbia, Alberta, Saskatchewan, Manitoba and Newfoundland & Labrador (which have incorporated the FIR, as amended from time to time, in their provincial pension legislation by reference); amendments affecting the design and day-to-day administration of federally regulated plans or portions of plans only; and technical amendments to the Pooled Registered Pension Plan Regulations, Solvency Funding Relief Regulations, Solvency Funding Relief Regulations, 2009 and Canadian Press Pension Plan Solvency Funding Relief Regulations, 2010. This bulletin focuses on the first two categories.

If enacted, the Proposals will come into force at a later date to be proclaimed. In the meantime, the Proposals will be formally released for public comment with official pre-publication in the Canada Gazette on September 27, 2014. Stakeholders may make representations on the proposals within 30 days of their publication in the Canada Gazette.

Federal government releases proposed PBSR amendments

Benefits Canada-Sep 23, 2014Share

The proposed regulations, which have been released for publiccomment, with ... Pension investments: A number of changes are proposed to the pension ... jurisdictions—Ontario, British Columbia, Alberta, Saskatchewan 

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Federal Government Releases Next Round of
 Proposed Regulatory ...
JD Supra (press release)-Sep 24, 2014

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In this BLOG we will look at pensions and their impact on what are called Public Private Partnerships or P3’s.  IT will also deal with other pension matters, such as Defined Contribution Plans (DC) vs Defined Benefit (DB) PLANS, the weakness in private plans, the need for pension reform in public pensions to have shareholder rights, directorships and ethical investment directives and policies.