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ARTICLE · 01 FEBRUARY 2011

Time For A Pension Intervention?

Stikeman Elliott LLP
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On January 21, 2011, the Office of the Superintendent of Financial Institutions (OSFI) issued a Guide to Intervention for Federally Regulated Private Pension Plans.

CanadaEmployment and HR
The Labour And Employment Group
The Labour And Employment Group
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On January 21, 2011, the Office of the Superintendent of Financial Institutions (OSFI) issued a Guide to Intervention for Federally Regulated Private Pension Plans. This Intervention Guide sets out the situations in which OSFI will take action in its capacity as the Canadian federal pension regulator, and enumerates the various powers which it may deploy depending on the particular pension plan's "Composite Risk Ratio".

The Intervention Guide uses a colour schematic to set out the spectrum of risk ratios. The palette ranges from green (Low Risk) to red (High Risk), but OSFI then goes the U.S. Department of Homeland Security one better by extending its spectrum beyond red to black (Permanent Insolvency).

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