The funding of defined benefit pension plans is based on actuarial calculations of the plan’s defined benefit liabilities. Administrators of defined benefit plans are required to file actuarial valuation reports to establish the funding and contribution requirements for the plan in accordance with regulations made under the Pension Benefits Act.
Guidance - Actuarial Valuations
- Requirement for Submission of Actuarial Reports and Cost Certificates (PE0227ORG)
- Canadian Institute of Actuaries, Practice-Specific Standards for Pension Plans effective on December 31, 2010 (PE0256ORG)
- Determination of Interest Payments Where Solvency Special Payments Are Covered by Letters of Credit (PE0129ORG)
- Alternative Settlement Methods for Solvency Valuations (PE0258ORG)
- Determination of the Solvency Liability Adjustment (PE0259ORG)
- Approach to Requirements After Certain Annuity Purchases for Defined Benefit Plans (PE0195APP)
- Discontinuance of the Bank of Canada series V122515 and V122495 (PE0198INF)
- Bank of Canada revisions: effect on commuted value calculations and filings (PE0226INF)
- Deadline for Early Filing of Actuarial Funding Valuation Reports (PE0134ORG)
Guidance - Funding
- Funding Requirements for Designated Plans in Ontario (PE0136ORG)
- Contribution Holidays For Plan Members, Employee Contributions, Payroll Deductions (PE0242ORG)
- Contributions In-Kind not Permitted (PE0284ORG)
- Collection of Unremitted Contributions (PE0212ORG)
- Collection of Contributions and Delinquencies (PE0137ORG)
- Contributory and Non-contributory Pension Plans (PE0213ORG)
- Employer Contributions Based on RRSP Contributions (PE0214ORG)
- Failure to Remit Member Contributions (PE0215ORG)
- Suspension of Employer Contributions in Defined Contribution Plans (PE0216ORG)
- No Provision to Amortize Negative Solvency Balance (PE0138ORG)
- Letters of Credit (PE0011ORG)
- Using letters of credit for solvency special payments
- Determination of Interest Payments Where Solvency Special Payments Are Covered by Letters of Credit (PE0129ORG)
- Questions and Answers on Letters of Credit (PE0010ORG)
Guidance - Transfer Values
- Limitations on commuted value transfers and annuity purchases (DB Pension Plans) (PE0202APP)
- Recalculation of Transfer Values (PE0278ORG)
- Contractual Provision for Indexation (PE0172ORG)
- Subsidized Early Retirement and Bridge Benefits where Eligibility Requirements have been Met and Plan Provides for Transfer Options (PE0279ORG)
- Commuted Value Transfer Where Plan Underfunded and Member within 10 Years of Normal Retirement Date (PE0280ORG)
Guidance – 2018 Funding Reform for Defined Benefit Pension Plans
- Ability to take contribution holidays and pay PBGF assessments – revised as per amendments in Regulation 105/19 (PE0640ORG)
- Treatment of Excess Contributions (PE0007ORG)
- The Determination of Whether a Plan is a Closed Plan (PE0006ORG)
- Funding and Actuarial Filing Requirements For Plan Improvements under the New Funding Regime (PE0012ORG)
- Frequently Asked Questions Pertaining to the 2018 Funding Reform for Defined Benefit Pension Plans (PE0009ORG)
- Frequently Asked Questions pertaining to Annuity Purchase and Discharge (PE0008ORG)
Reports and Quarterly Updates
- Reports on the Funding of Defined Benefit Pension Plans in Ontario
- Quarterly Update on Estimated Solvency Funded Status of Defined Benefit Plans in Ontario
Eblasts
- DB plans perform well in 2022 (July 2023)
- FSRA Releases 2021 Report on the Funding of Defined Benefit (DB) Pension Plans in Ontario (August 2022)
- Meeting summary June 29: Standing Technical Advisory Committee for Defined Benefit Single Employer Pension Plans meeting (June 2022)
- Meeting summary March 2: Standing Technical Advisory Committee for Defined Benefit Single Employer Pension Plans meeting (March 2022)
- Revoking spent temporary funding relief provisions (July 2021)
- FSRA releases 2020 Report on the Funding of Defined Benefit Pension Plans in Ontario (July 2021)
- FSRA Releases Q1 2020 Estimated Solvency Funded Status Of Defined Benefit Pension Plans In Ontario (June 2020)