The Pension Benefits Standards Act requires B.C.
registered pension plans to conduct triennial plan assessments
which assess the administration of a pension plan with respect to
compliance with the Act, governance, funding, investment, and the
performance of trustees and administrators.
For most pension plans (those with a fiscal year of January to
December), the next triennial assessment will need to be prepared
as of December 31, 2022 (in respect of the three
year period from January 1, 2019 to December 31, 2022), and be
completed by December 31, 2023. As a reminder, the
assessment needs to be complete and available to the BC Financial
Services Authority upon request, but does not need to be filed with
the regulator.
