To help ensure pension plan administrators are following the provisions of the Pension Benefits Act, FSRA has revised the Pension Plan Amendments Guidance after receiving substantive feedback from stakeholders in August 2022.
The primary focus of these revisions is to clarify FSRA’s interpretation and approach concerning retroactive plan amendments. The guidance is now open for a second consultation, and we welcome feedback from our stakeholders and the public until January 19, 2024.
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