CAPSA Agreement Re Multi-Jurisdictional Plans - Implications For Ontario And Quebec Administrators

Effective July 1, 2011, the administration of Ontario and Quebec registered pension plans with members in both jurisdictions is subject to the Canadian Association of Pension Supervisory Authorities Agreement Respecting Multi-Jurisdictional Pension Plans (the Agreement).

The Agreement sets out a framework for the regulation and administration of multi-jurisdictional pension plans (MJPP), including:

• The rules of the jurisdiction of the Major Authority (i.e., the jurisdiction with the plurality of active plan members) will apply to a series of matters that affect the MJPP as a whole and are listed in a schedule to the Agreement (e.g., plan administrator duties, investment and plan registration).