Office of the Superintendent of Financial Institutions
The purpose of this instruction guide (the Guide) is to assist administrators of pension plans registered or having filed an application for registration under the
Pension Benefits Standards Act, 1985 (PBSA) in filing plan amendments with the Office of the Superintendent of Financial Institutions (OSFI).
The Guide does not supersede the requirements of the PBSA, the
Pension Benefits Standards Regulations, 1985 (the Regulations), the
Directives of The Superintendent Pursuant To The Pension Benefits Standards Act, 1985 (the Directives), or any related guidelines that OSFI has issued or may issue.
The administrator of a pension plan registered or having filed an application for registration under the PBSA must file with OSFI any amendment to a plan text or other document that creates or supports the plan along with a signed declaration that the plan, as amended, complies with the PBSA and the Regulations.
The amendment and declaration must be filed with OSFI within 60 days after it is made.
The administrator must file all regular amendments (and all other relevant documents) using the
Regulatory Reporting System (RRS).
However, amendments requiring the Superintendent’s authorization (e.g. an amendment requiring authorization under subsection 10.1(2) of the PBSA, an amendment reflecting an asset transfer under section 10.2 of the PBSA, or an amendment to a multijurisdictional plan requiring authorization under provincial pension legislation) cannot be submitted using RRS. Documents in support of an application for the Superintendent’s authorization must be submitted electronically to
To file an amendment, the administrator must first create a Plan Amendment Return in RRS.
For more information on creating returns in RRS, please consult the
Manage Corporate Returns User Guide and other RRS training material available on the
OSFI website. RRS training materials can also be found in RRS in the
Documents folder under
Training and Support.
Once in the
Draft Returns tab, the administrator will be able to edit the content of the return by entering the information directly into the on-line web form. Select the name of the return that was just created. Select
Edit. The information and documentation for the amendment can now be entered.
Lines 4 through 6 require the administrator to upload documents.
As with other returns in the
Draft Returns section, you can save this return in draft form until it is fully completed and ready to submit.
Once a return is ready to submit, go to the
Submit Return sub-menu in the
Submission section (found in the main menu). Select the
Submit link in the
Action column for the appropriate return.
For further information, please visit the
OSFI website or contact us at:
Office of the Superintendent of Financial Institutions 255 Albert Street Ottawa, Ontario K1A 0H2 Telephone: (613) 991-0609