: Client Update – New PEI Pension Benefits Act Proposed

December 13, 2010

On December 1, 2010, Bill No. 30, proposing a Pension Benefits Act for Prince Edward Island, was introduced in the provincial legislature.  If proclaimed, it will be the first provincial pension legislation applicable to pension plans of PEI employers and employees.  The legislation could also apply to employers based in other provinces who have employees in PEI.  Previous pension legislation was passed in 1990 but not proclaimed.

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