ARTICLE · 16 JUNE 2014

OSFI Releases Expectations For Pension Plans Considering Longevity Risk Hedging

Stikeman Elliott LLP

Explore more from Stikeman Elliott LLP

The Office of the Superintendent of Financial Institutions released a policy advisory to provide guidance to administrators of federally regulated defined benefit pension plans.

CanadaEmployment and HR

The Labour And Employment Group

Author LinkedIn connections

On June 9, the Office of the Superintendent of Financial Institutions released a policy advisory to provide guidance to administrators of federally regulated defined benefit pension plans that are considering entering into longevity risk hedging contracts.

While OSFI considers longevity risk hedging contracts to be permissible investments and pension plans are not required to inform plan members of the existence of such contracts, the advisory stresses that such investments must comply with legal regulations and the terms of the relevant pension plan.

The advisory also discusses the potential risks to pension plans and sets out the issues that a plan administrator should review when considering such contracts, including cost, acceptability under the law and terms of the plan, administrative complexity, duration, liquidity and actuarial valuation implications.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

Guide Sur La Rémunération Des Hauts Dirigeants

CanadaEmployment and HR

Blake, Cassels & Graydon LLP

Ontario Court Of Appeal Releases Judgment On RSU Forfeiture Clauses: Wigdor v. Facebook Canada Ltd.

CanadaEmployment and HR

Blake, Cassels & Graydon LLP

Stop The Presses! Competition Bureau Opposes Non-Competes

CanadaEmployment and HR

Can You Enforce A Restrictive Covenant Against A Cross-border Executive? (Video)

CanadaEmployment and HR

Loi 27 - Dernier Rappel : Nouvelles Obligations Des Employeurs À La Suite Des Derniers Changements Législatifs

CanadaEmployment and HR

Fasken (French)

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

Comparative Guide

Employee Incentives

Comparative Guide

Technology Outsourcing

See more popular content from

Employment and HR

Provincial Employment Law Update: Key Changes Impacting Employers In Québec, Ontario, And British Columbia

Keeping up with employment law in Canada used to be a marathon. Now, it's a sprint. For employers in Québec, Ontario, and British Columbia, a significant volume of new legislation...

CanadaEmployment and HR

New Regulations For Gig Workers In Ontario And British Columbia

Canada's gig economy continues to grow steadily, with nearly half a million Canadians now engaged in this type of work. Many businesses rely on this form of highly flexible labour...

CanadaEmployment and HR

Aird & Berlis LLP

Remembrance Day Becomes A National Holiday – But Still Not A Paid Holiday For Many Employees

Since the end of the First World War, Canadians have recognized November 11 as Remembrance Day, a day to honour members of our armed forces who have died in the line of duty.

CanadaEmployment and HR

McCarthy Tétrault

WorkSafeBC Proposes Changes To Laws Regarding Workplace Harassment And Violence

WorkSafeBC is proposing significant amendments to British Columbia's Occupational Health and Safety Regulation that would fundamentally reshape how employers address workplace harassment, violence, and psychological health. The proposed changes introduce expanded definitions, new prevention program requirements, and obligations to identify and control psychosocial hazards. These amendments could require most B.C. employers to substantially revise their existing workplace policies and procedures.

CanadaEmployment and HR

Remember...The 11th Of November? Remembrance Day Becomes A Legal Holiday

On March 1, 2018, An Act to amend the Holidays Act (Remembrance Day) received royal assent and became law.

CanadaEmployment and HR

New Pay Transparency Reporting Deadline Approaching For BC Employers

Starting November 1, 2026, BC's pay transparency reporting obligation expands to cover employers with 50 or more employees, significantly broadening the scope of the Pay Transparency Act and Pay Transparency Regulation (the "Act").

CanadaEmployment and HR

New Pay Transparency Rules In British Columbia

The Canadian province of British Columbia has introduced measures that prohibit employers from asking job applicants for pay history information.

CanadaEmployment and HR

Employment Update: Ontario Introduces Bill 105, The Protecting Ontario's Workers And Economic Resilience Act, 2026

On April 20, 2026, the Ontario government introduced Bill 105, known as the Protecting Ontario's Workers and Economic Resilience Act, 2026 (the "POWER Act"), for first reading.

CanadaEmployment and HR

Blaney McMurtry LLP

Safety Inspection Blitzes For Industrial And Construction Sectors

The Ontario Ministry of Labour has announced that inspectors will be conducting safety inspection blitzes, targetting the industrial and construction sector.

CanadaEmployment and HR

Osler, Hoskin & Harcourt LLP

Tariffs, Terminations And EI: Implications Of Canada’s New Support Package For Employers

Canada's federal government has announced a $3.5 billion rapid response support package in anticipation of retaliatory tariffs against the United States, introducing new temporary employment insurance measures and workforce retention programs. The package extends EI benefits, waives waiting periods, and creates funding opportunities for employers to retain and retrain workers rather than implement large-scale layoffs.

CanadaEmployment and HR