Government of Nova Scotia, Canada
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Pooled Registered Pension Plans

Notice Regarding Pooled Registered Pension Plans (PRPPs)

The Government of Nova Scotia proclaimed in force the Pooled Registered Pension Plans Act effective May 4, 2016. In addition, Pooled Registered Pension Plans Regulations and consequential amendments to the Pension Benefits Regulations were made effective May 4, 2016.

Paula Boyd has been appointed as the Superintendent of Pooled Registered Pension Plans.

On June 15, 2016, the Multilateral Agreement Respecting Pooled Registered Pension Plans and Voluntary Retirement Savings Plans (“the PRPP Agreement”), signed by Nova Scotia, the federal government, Quebec and other provinces that put in place PRPP legislation came into effect. Under this agreement, the federal Office of the Superintendent of Financial Institutions (OSFI) will be responsible for the licensing, registration and supervision of PRPPs. Employers in Nova Scotia can now offer PRPPs as workplace savings plans for their employees.

The PRPP Agreement is amended, effective March 31, 2017, to include Ontario as a party to the Agreement.

2017 PRPP Amending Agreement (pdf)
2016 PRPP Agreement (pdf)

The Act and Regulations can be viewed at:

 

 

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Orange ClockFor More Information

Mailing Address:
Finance and Treasury Board
Pension Regulation Division
PO Box 2531
Halifax, NS  B3J 3N5

Phone: 902-424-8915, weekdays 8:30 - 4:30.
Fax: 902-424-5327
Email: 
novascotia.ca

Courier:
Finance and Treasury Board
Pension Regulation Division
1723 Hollis St, 4th Floor
Halifax, NS  B3J 1V9