OSFI Publishes Rate Schedules for Pension Plans

The Office of the Superintendent of Financial Institutions (OSFI) published two plan assessment rate schedules for pension plans. 

One plan assessment rate schedule applies to plans registered or filed for registration under the Pooled Registered Pension Plans Act (PRPPA). 

The second pension plan assessment rate schedule applies to plans registered or filed for registration under the Pension Benefits Standards Act, 1985 (PBSA). 

For both rate schedules, OSFI will determine the assessment due and send an invoice approximately 45 days after the plan’s Annual Information Return was due to be filed (or upon receipt of an application for registration).