Instructions for submitting a defined contribution wind up (DCWU) application on the pension services portal (PSP)
Before proceeding with the application,
- You must have a copy of the notice of plan wind up to the CEO, all affected members and trade unions, if any.
- You have submitted a Board Resolution, plan amendment or other authorization made in accordance with the plan text to FSRA (providing for the wind up of the plan). For instructions on submitting a plan amendment click here.
To start a DCWU application:
1. Log into the PSP.
2. In the top navigation bar, select ‘Applications’.
3. On the ‘Application Record’ page, click on ‘New Application’.
4. On the ‘Application Profile’ page, select the appropriate plan and ‘DC wind up report’ from the drop down menu.
5. Click on ‘Start’.
Completing the DCWU application:
6. On the ‘Application Workspace’ page, click on ‘Open Form’ in the ‘Actions’ window.
7. On the ‘Wind Up Report For Defined Contribution Pension Plan’ page, complete all information requested on this page.
8. Click on ‘Save and Close’.
Attaching documents:
9. On the ‘Application Workspace’ page, click on ‘Attach Document’ in the ‘Actions’ window.
10. On the ‘Attach Document’ page, select the document type from the drop down menu.
11. Click on ‘Browse’ and select the PDF file you wish to submit.
12. Click on ‘Save and Close’ to complete the upload process.
Certify and submit:
13. On the ‘Application Workspace’ page, click the ‘Submit’ link in the ‘Actions’ window.
14. On the ‘Submit Application’ page, complete the ‘Certification of Compliance’ section.
15. Click on ‘Certify & Submit’ to complete the certification process. You will be returned to the ‘Application Workspace’ page.
What to expect after submission:
- You will receive an automatic email that acknowledges your application was received by FSRA.
- If FSRA requires additional information to review your application, you will receive a notification email informing you that a FSRA note or letter has been added to the ‘Application Workspace’ page. Please review and respond.
- Once FSRA’s review is complete, you will be notified by email that your application is approved. You will be able to access your approval letter under the ‘Application Workspace’ page for the specific application.
How to view and respond to additional requirements for submitted applications:
If you receive an email notification with the subject “Response Required: Wind Up Report For Defined Contribution Pension Plan”:
1. Log into the PSP.
2. In the top navigation bar, select ‘Applications’.
3. On the ‘Application Record’ page, select the:
- Plan number;
- Application ‘DC wind up report’ from the drop down menu; and
- Status ‘Awaiting Response’ from the drop down menu.
4. Click on ‘Open Workspace’ in the ‘Actions’ column.
5. On the ‘Application Workspace’ page, you will find a message from FSRA under the ‘Correspondence Section’ or ‘Notes’.
How to respond to additional requirements
6. On the ‘Application Workspace’ page, click on the ‘New Correspondence’ button in the ‘Correspondence’ section.
7. On the ‘Attach Document’ page, add the ‘Title’ of the document you are uploading then select the ‘Document type’ from the drop down menu.
8. Click on ‘Browse’ and select the file you wish to submit.
9. Click on ‘Save and Close’ to complete the upload process.
Note: To submit additional documents or notes, your application must be at status ‘Awaiting Response’.
Submission update:
10. On the ‘Application Workspace’ page, click on ‘Submission Update’ in the ‘Actions’ window.
11. On the ‘Submit Application’ page, complete the ‘Certification of Compliance’ section.
12. Click on ‘Certify & Submit’ to complete the certification process. You will be returned to the ‘Application Workspace’ page.
What to expect after a submission update:
- You will receive an automatic email that acknowledges your application was received by FSRA.
- If FSRA requires additional information to review your application, you will receive a notification email informing you that a FSRA note or letter has been added to the ‘Application Workspace’ page. Please review and respond.
- Once FSRA’s review is complete, you will be notified by email that your application is approved. You will be able to access your approval letter under the ‘Application Workspace’ page for the specific application.
To view and/or print an approval letter:
1. Log into the PSP.
2. In the top navigation bar, select ‘Applications’.
3. On the ‘Application Record’ page, select the:
- Plan number;
- Application type; and
- Status ‘Approved’ from the drop-down menu.
4. Click on ‘Open Workspace’ in the ‘Actions’ column.
5. On the ‘Application Workspace’ page, click on the file in the ‘Correspondence’ section.
6. Click on ‘Open’ in the dialog box to view the approval letter.
7. Click on the printer icon to print the approval letter.