Instruction Guide for the Preparation of Actuarial Reports for Defined Benefit Pension Plans – Draft

A draft Revised Instruction Guide for the Preparation of Actuarial Reports for Defined Benefit Pension Plans (the Guide), along with an accompanying letter, was posted on December 20, 2019, on the OSFI website for a 90-day consultation period. As a result of the COVID-19 crisis, on March 13, 2020, OSFI suspended a number of consultation initiatives and policy development work related to new or revised guidance, including consultation on the Guide. As indicated in the latest issue of the Pillar, OSFI has gradually restarted policy development work.

The consultation period for the Guide has now resumed. Questions and comments on the Guide may be sent to Marc Sauvé, Senior Manager, Actuarial in the Private Pension Plans Division, by email at marc.sauve@osfi-bsif.gc.ca. Comments should be provided no later than October 9, 2020.