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 Releases Instruction Guide for the Preparation of Actuarial Reports
The Office of the Superintendent of Financial Institutions (OSFI) has issued a revised Instruction Guide for the Preparation of Actuarial Reports for Defined Benefit Pension Plans. The guide updates the previous one published in November 2023 to reflect:
- updated requirements regarding the maximum going concern discount rate; and
- updated funding requirements with regards to negotiated contribution plans.
The Guide applies to actuarial reports with a valuation date on and after December 31, 2024. Early adoption is permitted.