Authorization of Amendments Reducing Benefits in Defined Benefit Pension Plans

Document Properties

  • Type of Publication: Letter
  • Date: July 19, 2012
  • To: Administrators of defined benefit private pension plans registered under the Pension Benefits Standards Act, 1985

The Office of the Superintendent of Financial Institutions (OSFI) has issued this Instruction Guide to inform the pension industry of the factors, as well as the specific requirements that OSFI generally considers with respect to an application seeking the Superintendent’s authorization under paragraph 10.1(2)(a) of the Pension Benefits Standards Act, 1985 (PBSA). The Authorization Request Form should accompany any application submitted to OSFI. This guide comes into force immediately and replaces the draft guide that was issued in January 2012.

Questions concerning the instruction guide should be addressed to Sylvia Bartlett, Manager, Private Pension Plans Division, at (613) 990-7856 or

  • Tamara DeMos
  • Managing Director
  • Private Pension Plans Division