Manitoba amends the Pension Benefits Act and a related regulation

Bill 8 and a supporting regulation introduce funding and other important reforms to Manitoba’s pension legislation. The funding reform at this point is limited to solvency reserve accounts, which will come into force at a date to be determined. The other aspects of the funding reform proposed by Manitoba in November 2019 have not yet been introduced. This Client Advisory will be of interest to sponsors and administrators of Manitoba-registered pension plans, and administrators of other plans with Manitoba members.