Revised Instruction Guide for Actuarial Reports

OSFI has posted the revised Instruction Guide for the Preparation of Actuarial Reports for Defined Benefit Pension Plans on its website. The Guide updates the previous one published in December 2015. The revised Guide includes additional requirements with respect to the discount rate assumption, and further clarifications of OSFI’s position on the mortality assumption, replicating portfolios, termination expenses, and Designated Plans.