Federal Bill C-38, the Jobs, Growth and Long-term Prosperity Act, SC 2012, c.19 received Royal Assent on June 29, 2012.
Category Archives: Pension & Benefits
Certain amendments to the Pension Benefits Act (the “PBA”) extending the application of “grow-in benefits” in defined benefit plans to eligible terminated employees will come into effect on July 1, 2012. Currently, the PBA permits eligible employees to become entitled to certain enhanced early retirement benefits upon the partial or full wind up of their employer’s defined pension plan. Continue reading