Corporate merger
Here is some basic information that will help you carry out your role with regard to your company's existing pension plan while acting in conformity with the Supplemental Pension Plans Act.
Possible effects of a merger on a pension plan
- Change of the employer responsible for the plan
- Merger of the plan (2 or more pension plans amalgamated into a single plan)
- Division of the plan (the plan is divided into two or more parts, for example, a plan for unionized employees and another for non-unionized employees)
- Other amendments required to the pension plan
- Termination of the plan
Simplified pension plan
Possible effects
Steps to take
Give written notice to:
- the financial institution that administers the plan
- the union (if any)
Defined contribution or defined benefit plan
Possible effects
Other changes that may effect a pension plan