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Canada: New Draft Instruction Guide on Amendments to Reduce Defined Benefit Pension Plan Benefits

The Office of the Superintendent of Financial Institutions (OSFI) has issued a new draft Instruction Guide regarding amendments that reduce benefits under defined benefit pension plans. The draft Instruction Guide may be used while in draft form and replaces the previous Instruction Guide issued in April 2006. The new draft Instruction Guide can be found here.

The lawyers of our Employee Benefits and Executive Compensation Practice Group are readily able to assist companies on a nationwide basis with implementing sophisticated benefit plans and providing answers to their most challenging compensation issues. Additionally, our lawyers are well aware of the daily employee benefits challenges facing companies of all sizes and are capable of helping in-house lawyers and human resources personnel with the day-to-day advice and guidance necessary to properly administer employee benefits plans.

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