Employers and pension plan administrators should begin preparing for the reforms that the federal government and several provincial governments have recently made to private-sector pension plans.

“The vast bulk of the changes are subject to regulations that are to be proclaimed,” says Andrew Harrison, a partner in the Toronto office of Borden Ladner Gervais LLP.

According to Andrew, the ultimate form those regulations take shouldn’t come as much of a surprise because the federal government has mapped out its direction in some background papers. “But the actual detailed rules are still be to seen.”