The Portfolio Management Association of Canada (PMAC), through its Industry, Regulation & Tax Committee, is pleased to have the opportunity to submit comments regarding the Federal government’s consultation on a potential target benefit pension plan framework (the “Consultation Paper” or “TBP Framework”). The government’s initiative would incorporate TBP provisions into the federal Pensions Benefits Standards Act, and would make TBPs available to federally regulated private sector employers and Crown Corporations. The proposed TBP Framework is a welcome initiative.
