| Labour and Workforce Development
Private Pension Plan Registration
|
 |
| Who Needs This Registration?
|
Any Nova Scotia employer who sponsors a private pension plan.
|
| Issuing Department
/ Agency: |
Labour and Workforce Development
|
| Where can you get this
Registration and / or further information? |
Pension
Regulation Division
Labour and Workforce Development
Tel: (902) 424-8915
Fax: (902) 424-0648
e-mail: macneiln@gov.ns.ca
or trenhopa@gov.ns.ca
|
Office Location:
5151 Terminal Road
5th Floor
Halifax, NS B3J 1A1
Mailing Address:
P.O. Box 2531
Halifax, NS B3J 3N5
|
| Application Forms & Process: |
Forms for Application for Registration of Pension Plan may
be obtained from the above office or from Labour and Workforce Development website. The completed form is submitted, along with
the appropriate fee, to the Division.
If approved, a Certificate of Registration is issued by the Superintendent
of Pensions by letter.
|
| Waiting Period: |
An acknowledgement of receipt of the Application for Registration
is issued within 10 days. If all documents are acceptable, the Certificate
of Registration is issued at the time of review (within 10 days of submission).
|
| Expiry : |
This Registration does not expire.
|
| Price: (No tax is charged)
|
The size of the Fee depends upon the number of plan members.
| Number of Plan Members and Fee
Payable |
| 0-20: |
$101.90 |
| 21-1499: |
$5.10 / member |
| 1500 and over: |
$7,642.50 |
|
| Related Requirements:
|
Any amendments to the pension plan require a Notice of
Registration of Amendment (required by Section 22 of the Pension
Benefits Act).
|
| Additional Information:
|
- If the majority of the members of the plan reside in another province,
the plan is registered in that province.
- Each year an Annual Information Return form is sent to each employer
at their plan's year end. The employer has 6 months to send
the completed form, with appropriate fee, to the Pension Regulation
Division.
- An actuarial Report must be filed every three years for defined
benefit pension plans.
|
| Legislative Authority:
|
Pension
Benefits Act, Revised Statutes of Nova Scotia, 1989, Chapter 340
|
