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ARTICLE · 05 MARCH 2019

New CAPSA Guidelines

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CAPSA, the association of pension regulators across Canada, issued a new guideline on searching for un-locatable members and updated its guideline on defined contribution (DC) pension plans in February.

CanadaEmployment and HR
Sonia Mak
Sonia Mak
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CAPSA, the association of pension regulators across Canada, issued a new guideline on searching for un-locatable members and updated its guideline on defined contribution (DC) pension plans in February. The guideline on un-locatable members is relevant to all types of pension plans while the guideline on DC pension plan is relevant only to a pension plan which has a DC component. CAPSA has also issued a communique on its working group's review of leverage use within pension plans and recommendations regarding the funding of plans other than DC plans.

New Guideline on Searching for Un-locatable Members of a Pension Plan (Guideline No. 9)

Missing plan beneficiaries is a practical problem encountered by plan administrators. This problem is aggravated in a plan wind-up situation since a plan wind-up cannot be completed unless all pension benefits are properly paid or transferred out of the pension fund. Currently, some pension benefits legislation contains statutory

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