Office of the Superintendent of Financial Institutions
Section 9.1 of the Pension Benefits Standards Act, 1985 (PBSA) requires a pension plan administrator and the fund trustee or custodian to notify the Office of the Superintendent of Financial Institutions (OSFI) when expected contributions to a pension plan are not remitted on time. To enable fund trustees or custodians to fulfill their obligation to report late remittances, the PBSA requires a plan administrator to notify them of the amount and expected remittance date of future contributions.
To assist all parties in meeting their obligations under the PBSA, OSFI has posted a contribution planner, the Schedule of Expected Contributions Form, on its website. The use of this form is not compulsory and administrators may choose to use another format to notify the trustee or custodian of expected contributions.