Proposed changes to the Pension Benefits Standards Regulations

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.