Plan Conversions (Defined Benefit Plans)

Any proposed conversion of accrued defined benefits to lump sums must be reviewed by OSFI to determine, in accordance with subsection 10.1(2) of the Pension Benefits Standards Act, 1985 (PBSA), whether the conversion constitutes a reduction of accrued benefits.


InfoPensions Newsletter Applications for approvals to be filed using the Regulatory Reporting System2022
InfoPensions Newsletter Electronic Filing of Documents with OSFI2016
Guideline Guideline for converting pension plans from defined benefit to defined contribution2001