January 29, 2018

OSFI published an information guide to assist administrators of pension plans, which are registered or have filed an application for registration under the Pension Benefits Standards Act 1985 (PBSA) in completing the Solvency Information Return (SIR) that is required to be filed with the OSFI. The return is due on the later date of 45 days after the plan year-end or February 15.

The guide does not supersede the requirements of the PBSA; the Pension Benefits Standards Regulations, 1985 (PBSR); the Directives of The Superintendent Pursuant To The Pension Benefits Standards Act, 1985; or any guidelines that OSFI has issued or may issue regarding the administration of pension plans subject to the PBSA. The administrator of a pension plan with defined benefit provisions registered or having filed an application for registration under the PBSA, or its agent, must file the SIR. The administrator of a pension plan must submit the SIR using the Regulatory Reporting System. The SIR is completed by entering the information directly into the on-line web form in Regulatory Reporting System.

 

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Keywords: Americas, Canada, Insurance, Solvency Information Return, Reporting, OSFI