April 20, 2010

Pension Reform

OAC Pension Group brought additional information to the SC regarding the current state of pension coverage in Canada and an overview of the three options put forward in the Federal Consultation paper. Another joint (SC and OAC) submission PDF [6.20 MB] to government regarding potential changes to Canada’s retirement system was reviewed and approved.

Specified Plan Changes

Six additional specified plan changes were tabled for consideration by the SC, and the PDIC (Plan Design Information Committee) confirmed the requests for technical research and background information. After reviewing the range of proposals under consideration, the SC agreed to extend the May 14th deadline for final amendments to allow for additional time for diligence and for communication to stakeholders.