Payroll plays important role in pension changes

New federal laws alter remittances and vesting
By Amanda Silliker
|Canadian Payroll Reporter|Last Updated: 11/16/2010

Keeping track of all the proposed pension changes and legislative reform across the country is a daunting but necessary task for payroll professionals.

“You can be guaranteed that employees will walk into payroll and say, ‘I heard about pension changes, how does this affect my pay?’” said Rachel De Grâce, payroll consultant for the Canadian Payroll Association. “Being knowledgeable helps build payroll’s credibility and emphasize payroll’s total involvement in anything financial that touches the employee.”