Solvency reserve accounts missing from Manitoba’s new pension amendments

By Julius Melnitzer | October 20, 2021

Although Manitoba’s Pension Amendments Act takes effect on Oct. 1, pension plan sponsors are disappointed that the provisions allowing them to use reserve accounts to fund solvency deficiencies have been excluded from the proclamation.

“The government has not indicated when the reserve account provisions will come into effect and sponsors are anxious because they would like this to become a reality,” says Jared Mickall, a principal and actuary in Mercer Canada’s Winnipeg office.

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