By Lyne Duhaime
There are lots of recent activities in the pension field at the federal level in Canada. The government’s actions in the past 12 months constitute the most important reform of federal pension laws since the 1980s. Here’s a quick overview.
It started on January 9, 2009, when the government of Canada released a discussion paper titled “Strengthening the Legislative and Regulatory Framework for Private Pension Plans Subject to the Pension Benefits Standards Act, 1985.” This was followed by a series of public meetings across Canada. They were led by Ted Menzies, Parliamentary Secretary to the Minister of Finance. Concerned stakeholders had the opportunity to make their views known to the government by speaking at one of the public meetings or by making written submissions. The government received a wide range of advice.