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Standing Technical Advisory Committee for Defined Contribution (DC) Pension Plans Meeting Summary

Date: Tuesday, October 25, 2022
Time: 1:30 p.m. to 3:00 p.m.
Location: Videoconference

This summary sets out the key points discussed at the October 25, 2022 meeting.  

Committee membership

  • The committee welcomed new members.

Member-focused work

  • FSRA updated the committee on upcoming member-focused initiatives: a paper on member communication and engagement, a Member Resource Centre and other related updates to FSRA’s website. The committee was given an update on the first Pension Awareness Day in February 2023.

Guidance updates

  • FSRA updated the committee on guidance documents that are in progress, including guidance related to plan amendments, actions that the administrator can take to comply with the federal Income Tax Act and PBGF Assessments.

Improving regulatory harmonization across Canada

  • CAPSA recently completed consultations on four guidelines.  The committee was updated on the progress of this and other work.  The committee gave feedback on the CAP guideline in particular.

Late filings

  • FSRA provided an update on actions it will take to address late filings, as first released in the Q1 and Q2 2022 FSRA Pensions e-blasts.  The committee provided feedback.

Next meeting

The next meeting of the committee is scheduled for Spring 2023.

Attendance record

Invited/Attended

Company Name

Attendance Status
(A)ttended; (R)egrets; (S)ubstitute; (VC)Videoconference; (P)Phone

Mark Eagles

FSRA – Director, Advisory Services and Committee Co-Chair

VC

David Vincent

Canadian Benefits Law and Committee Co-Chair

VC

Caroline Helbronner

Blake, Cassels & Graydon LLP

VC

Christine Dear

Manulife

VC

Jillian Kennedy

Mercer

R

Karen Burnett

Willis Towers Watson

R

Kim Ozubko

Royal Bank of Canada

VC

Mary Picard

Dentons Canada LLP

VC

Michelle Loder

LifeWorks

P

Paul Russ

Sun Life

VC

Paul Webber

Green Benefits Group

VC

Terra Klinck

BMKP Law LLP

VC

Thu Truong

Sobeys

R

Andrew Fung, Dan Padro, David Bartucci, Jennifer Mullen, Karima Shajani, Joanna Spadafora

FSRA

VC

Lauren Kappius, Jeff Sweeting

MOF

VC