Office of the Superintendent of Financial Institutions
An entitlement of members to surplus on plan termination does not give members a right to access or an entitlement to surplus in an on-going plan. An employer's right to take a contribution holiday depends on the terms of the plan. The
Pension Benefits Standards Act, 1985 does not prohibit an employer from taking a contribution holiday. OSFI's instruction guide titled
Preparation of Actuarial Reports for Defined Benefit Pension Plans sets out certain conditions for taking contribution holidays.