Actuarial Reports and Funding (Defined Benefit Plans)

​Actuarial reports should be prepared in accordance with the federal pension legislation, directives, and accepted actuarial practice (i.e. to follow Canadian Institute of Actuaries (CIA) Standards of Practice and to consider their application as illustrated in CIA Guidance). The administrator of a pension plan with defined benefit provisions registered or having filed an application for registration under the Pension Benefits Standards Act, 1985 (PBSA), or its agent, shall generally file an actuarial report as of the effective date of the plan and annually thereafter as at the plan year-end. A plan administrator will be permitted to file an actuarial report at other intervals or times if some conditions are met or as the Superintendent may direct, as provided in the Directives of the Superintendent pursuant to the PBSA.

Publications

TypeTitleYear
Guide Preparation of Actuarial Reports for Defined Benefit Pension Plans2020
Guide Actuarial Information Summary2020
Form Actuarial Information Summary Form (PDF, 575 KB)2020
Guide Replicating Portfolio Information Summary2020
Form Replicating Portfolio Information Summary (PDF, 270 KB)2020
Guide Solvency Information Return2020
Form Solvency Information Return Form (PDF, 247 KB)2020
Guide Draft - Preparation of Actuarial Reports for Defined Benefit Pension Plans2019
Newsletter Estimated solvency ratio results2019
Newsletter No OSFI approval of amendments or actuarial reports2019
Newsletter Member information submitted to OSFI2018
Newsletter Estimated solvency ratio results2017
Newsletter Revisions to the Actuarial Information Summary and the Replicating Portfolio Information Summary2017
Newsletter Frequently occurring regulatory findings2017
Newsletter Amendments to Regulations2017
Newsletter Entitlement to Bridge Benefits Payable at Pensionable Age2017
Newsletter Pension Payments to Former Members Beginning after Pensionable Age2017
Newsletter Common concerns raised in the review of actuarial reports2017
Newsletter Estimated solvency ratio results2017
Newsletter Common Concerns Raised in the Review of Actuarial Reports2016
Newsletter Asset Transfers2015
Newsletter Application of the 50% Rule Exception (Subsection 21(3)) of the PBSA)2015
Newsletter Filing and Funding Requirements Prior to Confirmation of Registration2015
Newsletter Common Concerns Raised in the Review of Actuarial Reports2015
Newsletter Recalculation of a Member's Pension Benefit Credit – Correction2014
Newsletter Name Changes Affecting Letters of Credit (LOC)2012