Originally published in Communiqué, volume 22, number 3.
Last year the province of New Brunswick introduced new legislation and regulations related to shared risk plans (SRPs). Currently New Brunswick is the only province that permits shared risk plans, however various other provinces (including Nova Scotia, Ontario, Quebec, Alberta and British Columbia) either have recently or are in the process of introducing certain target benefit legislation for single employer plans. It is unclear at this time which unique aspects of the SRP model, if any, will be introduced in the target benefit legislation of other provinces.
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Authored by Jana Steele