Responsibilities | Pension Plans
Information for Pension Plan Members

Pension Funds
Pension funds must be held separate and apart from the assets of the employer through either a trust agreement with a fund holder, or a contract with an insurance company.

The PBSA requires establishment of investment guidelines, which must be established by pension plan administrators or board of trustees for the prudent investment of pension funds.

Under the PBSA, pension plan investments and financial decisions must be made in the best financial interests of plan members, former members and other plan beneficiaries. Pension plan assets must be invested in a manner that a reasonable and prudent person would apply in respect of a portfolio of investments made on behalf of another person to whom there is owed a fiduciary duty to make investments without undue risk of loss and with a reasonable expectation of a return on the investments commensurate with the risk.


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