Request to the Canada Revenue Agency to suspend minimum employer contributions to DC pensions

Date de parution : 04/13/2020
Personne(s)-ressource(s) : Ronald Sanderson

In order to preserve existing money purchase pension plans and protect secure retirement incomes for plan members and their beneficiaries, we believe that a temporary suspension of the required one percent minimum employer contribution to money purchase pensions would prevent un-intended winding up of such plans, and that this would be a prudent and responsible alternative. We therefore encourage the Agency to move forward quickly with measures necessary to facilitate such a suspension.