FEDERAL BILL

Bill C-27, An Act To Amend The Pension Benefits Standards Act, 1985

FEDERAL BILL - AMENDS ONE STATUTE

1st Reading
October 20, 2016


SUMMARY This enactment amends the Pension Benefits Standards Act, 1985 to provide a framework for the establishment, administration and supervision of target benefit plans. It also amends the Act to permit pension plan administrators to purchase immediate or deferred life annuities for former members or survivors so as to satisfy an obligation to provide pension benefits if the obligat... (Click for more)


House

1st Reading 2nd Reading 3rd Reading
Oct 19, 2016

Senate

1st Reading 2nd Reading 3rd Reading

Published on October 20, 2016

Bill Summary

Bill C-27, An Act To Amend The Pension Benefits Standards Act, 1985

SUMMARY






This enactment amends the Pension Benefits Standards Act, 1985 to provide a framework for the establishment, administration and supervision of target benefit plans. It also amends the Act to permit pension plan administrators to purchase immediate or deferred life annuities for former members or survivors so as to satisfy an obligation to provide pension benefits if the obligation arises from a defined benefit provision.

This Bill Amends The Following Statutes

  1. Pension Benefits Standards Act, 1985 R.S.C., 1985, c. 32 (2nd Supp.)

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