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.

Read more


Federal budget promising relief for DC pension plan, under, over contributions

Pension regulators step up to the plate amid turmoil

Ontario’s pension-solvency rules mean non-unionized workers can’t get the best plan

A look at Alberta’s incoming joint pension governance structure

Saskatchewan to adopt super-priority for deemed trusts

Social Media Auto Publish Powered By :