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ARTICLE · 27 FEBRUARY 2017

New Pension Plan Guidelines Issued By The Federal Pension Regulator

Borden Ladner Gervais LLP
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Pension plan administrators need to be aware of the new guidelines on the disclosure of plan information and "related party" rules for pension fund investment issued by the OSFI....

CanadaEmployment and HR

Pension plan administrators need to be aware of the new guidelines on the disclosure of plan information and "related party" rules for pension fund investment issued by the Office of the Superintendent of Financial Institutions ("OSFI"), the federal pension regulator, in late 2016. The disclosure guidelines are relevant only to pension plans that are subject to the federal pension standards legislation while the guideline on the "related party" rules is also relevant to plans subject to provincial pension standards legislation which has adopted the federal pension fund investment rules.

Disclosure of Plan Information — Defined Benefit and Defined Contribution

OSFI issued a plan information disclosure guideline in 1998 without making any distinction between defined benefit ("DB") and defined contribution ("DC") plans. This 1998 guideline has been replaced by two guidelines in October 2016: one for DC plans and one for DB plans. It is strongly recommended that plan

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