These distributions generally must start even though you have not retired and are still working for the plan sponsor.

But as plan sponsors they have fiduciary duties to protect those participants.

The new information has broken down some resistance among plan sponsors.

The plan sponsor is the corporation employing the member and paying the member's T4 income.

Our bill does not authorize any cause of action against an employer, plan sponsor or employee.

"These are the people who no matter what a plan sponsor does, thinks it usually isn't enough," he said.

"What a plan sponsor doesn't want to do is overwhelm employees," he said.

As with defined benefit plans, investment risk is largely borne by the plan sponsor.

However, legislation was recently passed that cleared the way for plan sponsors to adopt cash balance plans.

"Jumping to make a move now may not be in the best interests of the investor or the plan sponsor."