Regulatory Updates
Regulatory Updates provide quick access to employee benefit regulations, rulings and other guidance released by governmental agencies in the U.S. and Canada.
New updates to this page may be included in Today’s Headlines which is emailed to International Foundation members each business day. Inquiries regarding these updates should be directed to the Benefits Knowledge Center at the International Foundation at (888) 334-3327, option 5 or [email protected].
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OSFI Publishes Rate Schedules for Pension Plans
Oct 31, 2023, 05:00
by
Ashley Schmidt
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).