Pension Benefits Act – Shared Risk Pension Plans “The Dutch...
The New Brunswick Government is in the process of amending the Pension Benefits Act (“Act”) to legally permit a new pension model. That pension model is a hybrid between a defined benefit plan and a defined contribution plan. It is referred to as a “Shared Risk Pension Plan”. This new model is based upon a Dutch model which has remained unscathed during the “dot.com” crash and the current recession.