Canadian Pension Reform—Nova Scotia

Bills

Bill 109
An Act to Amend Chapter 41 of the Acts of 2011, the Pension Benefits Act (Casey)
Received Royal Assent April 12, 2019

Bill 126
Pooled Registered Pension Plans Act (amended) (Delorey)
Received Royal Assent December 18, 2015

Bill 102
University Pension Plan Transfer Act (Whalen)
An Act to Facilitate the Transfer of University Pension Plans to the Public Service Superannuation Plan
Received Royal Assent May 11, 2015

Government Resources       

• Amendments to Act Bring Flexibility to Managing Pension Plans, Finance and Treasury Board, March 12, 2019
• Pooled Registered Pension Plans Available to Help Save for Future, Finance and Treasury Board, August 25, 2016
• Pooled Registered Pension Plans [website], Finance and Treasury Board; PRPP Act proclaimed in force and effective May 4, 2016
• Amendments to New Pooled Registered Pension Plan Act, Finance and Treasury Board, November 19, 2015
• Pooled Registered Pension Plans, Finance and Treasury Board, September 9, 2015
• Proposed PRPP Act Regulations (draft for consultation)
• PRPP Fact Sheet

News/Analysis

• N.S. moving forward with new DB pension solvency regime, Benefits Canada, May 28, 2019
• Nova Scotia Bill 109 introduced DB funding reforms and discharge for buy-out annuities, Morneau Shepell, April 2019
• Nova Scotia proposes measures to bolster defined-benefit pension plans, CBC, March 12, 2019
• Target benefit plans continue to gain traction, Osler, February 13, 2018
• N.S. looking at changes to DB pension funding framework, target-benefit plans, Benefits Canada, September 11, 2017
• NS Dives into Pooled Registered Pension Plans (PRPP), McInnes Cooper, June 30, 2016
• Canada and four provinces sign PRPP agreement, Benefits Canada, June 27, 2016
• Client Update: Nova Scotia Consultation on Pooled Registered Pension Plan (PRPP) Regulations, Stewart McKelvey, September 11, 2015
• New Nova Scotia Pension Legislation Effective June 1, 2015, Willis Towers Watson, May 26, 2015
• N.S. universities could join public service pension plan, Benefits Canada, April 27, 2015
• Client Update: New Nova Scotia Pension Benefits Act and Regulations Effective June 1, 2015, Stewart McKelvey, April 23, 2015