OSFI Revises Instructions and Reporting Form for Pension Plans
OSFI updated the instruction guide and the Actuarial Information Summary form for administrators of pension plans that have registered or filed an application for registration under the Pension Benefits Standards Act. The instruction will assist the relevant entities in completing the Actuarial Information Summary that is required to be filed with OSFI. The administrator, or its agent, must file the Actuarial Information Summary if a pension plan has defined benefit provisions, and is registered or has filed an application for registration, under the Pension Benefits Standards Act.
OSFI expects the Actuarial Information Summary to be submitted with any actuarial report required to be filed. An actuarial report must generally be filed within six months after the end of the plan year to which it relates. An actuarial report may also be filed at other intervals or times. The administrator must file the Actuarial Information Summary using the Regulatory Reporting System, also known as RRS.
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Keywords: Americas, Canada, Insurance, Pensions, Actuarial Information Summary, Pensions Plans, Reporting, Defined Benefit, Pension Benefits Standard Act, OSFI
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