Category: Plan Funding
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OSFI Solvency Information Return
The Office of the Superintendent of Financial Institutions has updated its Instruction Guide to assist federally-registered defined benefit plan administrators when completing Solvency Information Returns (SIR . . .
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B.C. Regulation re Target Benefit Plan Funding
British Columbia amended the Pension Benefits Standards Regulation to provide short-term funding relief for target benefit plans . . .
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Manitoba Regulation re Special Payments
Manitoba filed Regulation 142/2020: Special Payments Moratorium Regulation - a new, stand-alone regulation under the Manitoba Pension Benefits Act . . .
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Quebec Final Regulation re Multi-Jurisdictional Plans
Quebec published a final Regulation to amend the Regulation respecting the funding of multi-jurisdictional defined benefit pension plans . . .
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Fredericton Police Association v. New Brunswick (Superintendent of Pensions), 2020 NBFCST 4 – Tribunal Rejects Most Superintendent Approvals & Orders Appointment of New Actuary
This is the latest decision regarding the ongoing dispute between the Fredericton Police and Fire Fighters’ Associations (the Unions) and the City of Fredericton with respect to the defined benefit pension plan for the Unions' members . . .
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Newfoundland Regulatory Guidance re Retirement Age Assumption for Commuted Value Calculations
Newfoundland published a memo, "Retirement Age Assumption for Commuted Value Calculations under the new Canadian Institute of Actuaries’ Standards of Practice for Pension Commuted Values, Effective December 1, 2020 . . .
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OSFI InfoPensions #23
The Office of the Superintendent of Financial Institutions published InfoPensions #23, which included a few updates/reminders for plan administrators, actuaries and other pension service providers . . .
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OSFI Guide re Preparation of Actuarial Reports for Defined Benefit Pension Plans
The Office of the Superintendent of Financial Institutions published an updated guide on preparing actuarial reports for defined benefit pension plans . . .
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CAPSA Consultation re Updates to Plan Funding Policy Guideline
The Canadian Association of Supervisory Authorities published a draft update to CAPSA Guideline No. 7 Pension Plan Funding Policy for consultation . . .
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Quebec Final Regulation re Temporary Measures in Response to COVID-19
Quebec filed a final regulation, Measures related to supplemental pension plans to reduce the consequences of the public health emergency declared on 13 March 2020 due to the COVID-19 pandemic, which provides a number of temporary relief measures for Quebec pension plans . . .
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