Human Resources Legislative Update
Plans May Request Relief For Alberta EPPA Amendment Filing Deadline
Date: November 19, 2014
As we recently reported, Alberta’s new Employment Pension Plans Act (“EPPA”) became effective September 1, 2014, and amendments to comply with the new EPPA rules were to be filed with the Alberta pension regulator by December 31, 2014.
On November 19, 2014, the Alberta government announced that a plan sponsor (or its legal, actuarial or third party service provider) can request and receive an extension of the deadline for filing plan amendments required under the new EPPA from December 31, 2014 to March 31, 2015.
The new, optional deadline extension is intended to respond to industry concerns over the original timeframe.