Amended Pension Benefits Regulations

The Province of Nova Scotia has amended the Pension Benefits Regulations relating to pension plan wind ups under Section 79 of the Pension Benefits Act. These regulations prescribe the manner and timing of payment by an employer into a pension fund on wind up of the amount necessary to fund the benefits provided under the plan. These changes came into effect on August 12, 2008 by Order in Council 2008-421.

The changes have been made to Regulations 37 and 38. The entire Pension Benefit Regulations can be viewed at: http://www.gov.ns.ca/just/regulations/regs/pensionbenefits.htm

For further information please contact:

Superintendent of Pensions
Labour and Advanced Education
P.O. Box 2531
Halifax, NS B3J 3N5

Telephone: (902) 424-8915
Fax: (902) 424-0648
E-mail: pensionreg@gov.ns.ca