Pensions
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In Nova Scotia, construction companies are not required to offer a pension plan. However, if the company does offer one, it is usually through participation in a “multi-employer pension plan”. In this case, the Pension Benefits Act establishes the duties and responsibilities for trustees of these multi-employer pension plans.
See Pension Benefits Act and associated regulations.
| Requirement | Document | Act / Regulations |
|---|---|---|
| Application for Registration of Pension Plan | Form 1 (PDF) Guide (PDF) |
Section 15, and Section 31 Pension Benefits Act; Sections Section 3(1), Section 12(1) and Sections 39 and 40 Pensions Benefits Regulations |
| Annual Information Return | Form 2 (PDF) Instructions (PDF) |
Section 27(1) Pension Benefits Act; Section 17 Pensions Benefits Regulations |
| Amendments to Pension Plan and Funding Documents | n/a | Section 18 and Section 32 Pension Benefits Act; Section 4 and Section 41 Pensions Benefits Regulations |
| Pension Plan Valuation Report | n/a | Section 27(2) Pension Benefits Act; Sections 12 and 13 Pensions Benefits Regulations |
| Information to Members | n/a | Section 31, Section 33, Section 34 and Section 35 Pension Benefits Act; Sections 39 and 40, Section 42, Section 43, Section 44, Section 45, Section 46, Section 47, and Section 73 Pensions Benefits Regulations |
| Requirement | Document | Act / Regulations |
|---|---|---|
| Application to Transfer Commuted Value of Deferred Pension | Form 3 (PDF) | Section 50 Pension Benefits Act; Section 21 Pensions Benefits Regulations |
| Waiver of Joint and Survivor Pension | Form 4 (PDF) | Section 54 Pension Benefits Act |
| Request by Spouse or Common-Law Partner for Information Respecting Member's or Former Member's Pension or Pension Benefit | Form 5 (PDF) | Section 61 Pension Benefits Act; Section 71 Pension Benefits Regulations |
| Request for Designation as Limited Member of Pension Plan | Form 6 (PDF) | Section 61 Pension Benefits Act; Section 72 Pensions Benefits Regulations |
| Request for Transfer of a Defined Contribution Benefit or a Defined Benefit | Form 7 (PDF) | Sections 50 and Section 61 Pension Benefits Act; Section 74 Pensions Benefits Regulations |
| Notice of Receipt | Form 8 (PDF) | Section 61 Pension Benefits Act; Section 71, Section 72, Section 74 Pensions Benefits Regulations |
| Application to a Financial Institution for Payment of Temporary Income from a LIF | Form 9 (PDF) | Schedule IV 8 (1) (a) Pensions Benefits Regulations |
| Application to a Financial Institution to Withdraw Money From a LIRA or LIF at age 65 | Form 10 (PDF) | Section 27 Pension Benefits Regulations |
| Application to a Financial Institution to Withdraw Money from a LIRA or LIF because of Considerably Shortened Life Expectancy | Form 11 (PDF) | Section 57 Pensions Benefits Act; Section 28 Pension Benefits Regulation |
| Application to withdraw money based on Financial Hardship | Form 12 (PDF) FAQ Instructions (PDF) |
Part 4 Pensions Benefits Regulations |
More Information
- Learn More About Pensions
- Life Income Fund (LIF) Calculator Tool (under Resources)