Human Resources Legislative Update
FSCO Extends Filing Deadline for EPPA-Related Plan Amendments
Date: November 26, 2014
As we recently reported, on November 19, 2014, the Alberta government announced that plan sponsors or administrators could request and receive an extension of the deadline for filing plan amendments required under Alberta’s new Employment Pension Plans Act (“EPPA”) from December 31, 2014 to March 31, 2015.
The Financial Services Commission of Ontario (“FSCO”) has now unilaterally granted a parallel, EPPA-related filing deadline extension for all multi-jurisdictional pension plans registered with FSCO that have Alberta members. However, the extension is automatic and does not need to be requested.
Background information on the EPPA, which became effective September 1, 2014, is available in our FTR Now of November 11, 2014.