Pension plans registered or filed for registration under the
Pension Benefits Standards Act, 1985 (PBSA) must pay an assessment on plan registration and annually thereafter. The amount of the assessment is determined by multiplying the plan assessment base by the basic rate that is in effect for the fiscal year in which the assessment is due to be paid.
The plan assessment base is determined by a formula which includes the number of plan beneficiaries (i.e. active and inactive members, deferred vested members, retirees, survivors, and any other person entitled to pension benefits who has not transferred their benefit from the pension fund).
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