Jordan Fremont is featured in Benefits Canada discussing private sector pension legislation as the Alberta government is gathering feedback from stakeholders to help inform potential legislative and policy updates for private sector pension laws.
He says the consultation represents an opportunity to refine Alberta’s pension legislation through alignment with other jurisdictions on issues such as funding requirements.
“The government seems open to thoughts and doesn’t seem to be determined to go in any particular direction [on funding requirements],” he adds. “They lay out certain options or considerations that have been introduced elsewhere that could make sense.”
Jordan notes that “[the government] recognizes that there’s some disconnect [regarding automatic features] as to what’s permitted under employment standards legislation, so there may be an opportunity to provide some input around that legislation.”
Government will meet with committees of representatives from various pension plan stakeholders this fall to share findings from the engagement and discuss next steps, said the release. Comments are requested by July 29, 2022.
Read the full article on the Benefits Canada website.