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

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.

CRA suspending minimum employer contribution to DC pensions.pdf