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    OSFI Publishes Instruction Guide on Solvency Information Return

    January 17, 2020

    OSFI published an instruction guide to assist administrators of pension plans in completing the Solvency Information Return that is required to be filed with OSFI. The administrator of a pension plan with defined benefit provisions that has registered or has filed an application for registration under the PBSA, or its agent, must file the Solvency Information Return. OSFI expects the return to be filed annually, before February 15 or within 45 days after the plan year end to which it relates, if later.

    The administrator must file the return using the Regulatory Reporting System. The information must be entered directly into the online web form in the Regulatory Reporting System.. The guide does not supersede the requirements of PBSA; Pension Benefits Standards Regulations, 1985; Directives of The Superintendent Pursuant To The Pension Benefits Standards Act, 1985; or the guidelines that OSFI has issued or may issue regarding the administration of pension plans subject to the PBSA.

     

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    Keywords: Americas, Canada, Insurance, Solvency Information Return, Pensions, Reporting, Pension Plans, Defined Benefit, OSFI

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