Federal Actuarial Report Filing Requirements: Impact Of The Solvency Funding Relief Regulations, 2009

Copyright 2009, Blake, Cassels & Graydon LLP

Originally published in Blakes Bulletin on Pension & Employee Benefits, June 2009

On June 4, 2009, the Office of the Superintendent of Financial Institutions (OSFI) provided the following direction:

1. The filing deadline for actuarial reports required to be filed for a plan year-end date November 1, 2008 to October 31, 2009 is the later of August 14, 2009 and six months after the plan year-end date.
2. The Superintendent will not refuse any actuarial reports voluntarily filed for a plan year-end date of November 1, 2008 to October 31, 2009 provided that it is filed no later than December 31, 2009 and nine months after the plan year-end date.
3. Additional information concerning the Funding Relief Regulations (the Regulations) will be posted on the OSFI website in a Q&A format as soon as the Regulations are brought into force.
4. A form to be submitted by administrators funding in accordance with the Regulations will be made available by OSFI.

To view a copy of the OSFI direction, click here.

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