Federal PRPP provisions now in force; Manitoba to scrap minimum wage exemption
01/14/2013|Canadian HR Reporter|Last Updated: 01/14/2013
Federal PRPP provisions now in force
OTTAWA — The second and final tranche of regulatory proposals to address provisions of the federal Pooled Registered Pension Plans Act have come into force. Provisions include: licensing conditions for potential plan administrators; investment rules that provide minimum safeguards to protect plan members’ interests; investment choices that provide flexibility to plan administrators; limits on inducements that plan administrators will be allowed to offer; low-cost criteria; the rights and obligations around a contribution rate of zero per cent; information that plan administrators must disclose; the withdrawal of funds; variable payments; transfer options; and electronic means for communications.
Manitoba to scrap minimum wage exemption
WINNIPEG — Manitoba is introducing an amendment to eliminate an exemption that allows employees with physical or mental disabilities to be paid less than the minimum wage. There are fewer than 20 permits currently in place and those will be allowed to continue, based on consultations with the individuals and their families. In the mid-1990s, there were more than 200 such exemptions granted, said the provincial government. “This change is the result of extensive discussions with disability rights organizations and will ensure that persons with disabilities are treated fairly in the workplace, and that our work is equally valued,” said Family Services and Labour Minister Jennifer Howard.