Multi-jurisdictional Plans Regulated by OSFI

In accordance with various federal-provincial agreements, OSFI regulates many multi-jurisdictional pension plans on behalf of provinces where the plan includes both federal members and members whose employment is subject to provincial pension legislation.

Administrators of multi-jurisdictional plans are reminded that they are required to comply with the relevant provincial pension legislation as it affects any benefits for those provincial members. Administrators of such plans must also amend their plan documents to reflect any applicable amendments made to provincial pension legislation. Any required amendments to bring plan documents into compliance should be filed with OSFI.

A plan’s Annual Information Return (OSFI 49) must properly reflect whether the members in any given province are subject to federal pension legislation or provincial pension legislation.