Remittance of Pension Plan Assessments

The Office of the Superintendent of Financial Institutions (OSFI) has issued a Pension Assessment Remittance Form to assist plan administrators in the calculation and remittance of their annual pension assessment that is due to be paid between April 1, 2016 and March 31, 2017. Please note that the basic rate has changed.

The number of plan members and other beneficiaries to be used in determining the annual pension assessment should be the same as the "Grand Total" number in line 38 of the plan's OSFI-49 Annual Information Return. This number should represent all plan beneficiaries including 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.