Amendments to the federal pension regulations are required as a result of recent amendments of the Pension Benefits Standards Act, says the Office of the Superintendent of Financial Institutions.
The purpose of these amendments is to implement simplified pension plans, enhance disclosure to plan beneficiaries and enhance supervisory assessments of the financial condition of pension plans.
The proposed regulations have been published in the Nov. 10 issue of the Canada Gazette. Comments are due by Dec. 10.