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Proposed changes to the Pension Benefits Standards Regulations were introduced, continuing the government’s efforts to improve and update federal regulation of private pension plans. Highlights of proposed changes:
- Variable benefit for pensioners with defined contribution plans.
- Annual statements required for retirees and former plan members—as already required for active members.
- Limitations on pension plan investments to ensure diversified investment of funds—no more than 10% of the plan can be invested in one entity.