The Office of the Superintendent of Financial Institutions (OSFI) issued an updated Pension Assessment Remittance Form to assist plan administrators in the calculation and remittance of their annual pension assessment that is due to be paid between April 1, 2019 and March 31, 2020.
The basic rate has increased to $9.
The number of plan members and other beneficiaries to be used in determining the annual pension assessment should be the same as the "Grand Total" number in line 38 of the plan's OSFI 49 Annual Information Return. This number should represent all plan beneficiaries including active and inactive members, deferred vested members, retirees, survivors, and any other person entitled to pension benefits who has not transferred their benefit from the pension fund. Plan beneficiaries whose benefits are subject to provincial pension legislation must be included, even if the plan is subject to dual registration in Quebec or Newfoundland and Labrador.