Alberta Releases Revised Draft Interpretive Guidelines for Division and Distribution of Pension Benefits on Marriage Breakdown; Comments Due June 1

Following stakeholder feedback, Alberta released a revised draft Interpretive Guideline 5 Division and Distribution of Pension Benefits on Marriage Breakdown. The guideline is designed to assist plan administrators, plan members and their former spouses, financial institutions (Locked-in Retirement Account (LIRA) and Life Income Fund (LIF) issuers), consultants and legal counsel for pension plan members and former spouses going through a marriage breakdown by summarizing the requirements and policy considerations applicable on the division of pension benefits on marriage breakdown, as required by the provisions of the Employment Pension Plans Act and the Employment Pension Plans Regulation.

Comments are due June 1, 2017.

Submit your comments via email to employment.pensions@gov.ab.ca, using the Subject Line “Interpretive Guidelines Consultation".​