Proposed changes to Instruction Guide – Termination of a Defined Benefit Pension Plan

OSFI is issuing draft revisions to the Instruction Guide for the Termination of a Defined Benefit Pension Plan for comment. The Instruction Guide, last issued in 2016, sets out the filing and reporting requirements for a defined benefit pension plan that has terminated, in whole or in part, under the Pension Benefits Standards Act, 1985 (PBSA). Please see the memo to stakeholders for further information on the proposed revisions and consultation process.