New rules allowing Nova Scotia private sector employers to join Public Service Superannuation Plan take effect - Stewart McKelvey

New rules allowing Nova Scotia private sector employers to join Public Service Superannuation Plan take effect - Stewart McKelvey

By Dante Manna and Noah Archibald The Provincial Government recently proclaimed the Private Sector Pension Plan Transfer Act (the “Transfer Act”) and newly released regulations on February 4, 2025. The Private Sector Pension Plan Transfer Regulations (the “Regulations”) further detail how private employers can transfer private sector pension plans to the Nova Scotia Public Service Superannuation Plan (the “Plan” or “PSSP”). We previously provide…