![]() In The News Feds Consulting on Draft Amendments to Pension Legislation for Transfer of Missing Members' BenefitsJuly 4, 2023 Jordan Fremont is featured as an industry expert in Benefits Canada's article on draft amendments to pension legislation regarding unclaimed benefits. "With the current regime, pension balances that remain unpaid due to missing members represent ongoing liabilities, which can prevent an impacted plan from fully winding up and lead to ongoing administrative expenses, he said, adding this has long been a pain point for plan administrators." The changes clarify who qualifies as a missing beneficiary, stipulate retention periods for unclaimed pensions and aim to decrease administrative burdens. However, they don't address issues concerning ongoing pension plans. The full article is available on Benefits Canada's website. Republishing Requests For permission to republish this or any other publication, contact Amrita Kochhar at kochhara@bennettjones.com. For informational purposes only This publication provides an overview of legal trends and updates for informational purposes only. For personalized legal advice, please contact the authors. |