Kevin Sorenson, minister of state for finance, spoke to the C.D. Howe Institute on the benefits of a proposed federal framework for target benefit plans (TBPs) in Toronto on Monday.
“It was great to have the opportunity to consult with the C.D. Howe Institute and its members on the new and innovative target benefit plan framework,” he said. “Our government is providing a predictable and flexible pension option to support the long-term sustainability of federally regulated private pension plans in both favourable and adverse market conditions.”
The government recently launched public consultations on the proposed TBP framework. Canadians are invited to take part in the consultations over the coming months to ensure that the final framework reflects the views of all stakeholders.
Individuals interested in finding out more or in submitting their views on the proposed framework should refer to the consultation paper.
The government’s consultation paper on TBPs is available on the Department of Finance Canada website.
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