Manitoba’s smorgasbord approach

Proposed changes to the province’s pension menu could mean indigestion for plan sponsors
By Sheryl Smolkin
|CHRR, Guide to Pensions & Benefits|Last Updated: 02/11/2003

Manitoba’s “made to order” recipe for pension reform could mean more indigestion for national plan sponsors who must comply with different pension standards rules in each jurisdiction.

A consultation paper released by the Manitoba Pension Commission discusses proposed amendments to the Pension Benefits Act of Manitoba. Since this is the first major review of the act since 1983, the consultation paper covers a wide variety of pension issues.

The proposals retain many of the distinctive features of the current act, augmented by new or modified provisions selected from the smorgasbord of solutions adopted by other Canadian jurisdictions over the last two decades.