Sentences with phrase «provincial pension legislation»

Higher contribution levels than RRSPs — The PPP relies on the same federal and provincial pension legislation that governs conventional IPPs.

A LIRA (Locked - In Retirement Account) falls under provincial pension legislation.

Not exact matches

The Canada Pension Plan Act says that once a sufficient number of provincial governments have indicated support, the federal government can move forward and lock in the reform with an Order in Council — no new Parliamentary debate or legislation is required.

TORONTO — The Ontario government is introducing legislation to create a provincial pension plan, but says its preferred option is still to improve the Canada Pensiopension plan, but says its preferred option is still to improve the Canada PensionPension Plan.

The provincial Liberals passed legislation in April to create the provincial pension plan, which would effectively mirror the CPP for about three million workers.

By 2017, all Ontario employees could have access to a secure defined benefit pension plan, thanks to new legislation being tabled by the provincial Liberals.

In situations outside a formal bankruptcy proceeding, this could result in different treatment of pension benefits in different provinces depending on the wording of the provincial legislation, so long as it is not inconsistent with the interim financing provisions in the CCAA.

Aside from the inapplicability of federal paramountcy, an additional problem is that the provincial PPSAs and pension benefits legislation are not identical in their treatment of deemed trusts in relation to security interests arising under the PPSAs.

There is also provincial legislation that regulates employer pension plans.

Benefits Canada has reported on a Quebec Superior Court decision that calls into question the effectiveness of pension protections granted by provincial legislation in situations where an insolvent employer is being liquidated under the federal Companies» Creditors Arrangement Act (CCAA).