Standing Technical Advisory Committee for Defined Benefit Single Employer Pension Plans (SEPP)
Meeting summary
Date: Thursday, June 22, 2023
Time: 1:30 p.m. to 3:00 p.m.
Location: Videoconference
This summary sets out the key points discussed at the June 22, 2023 meeting.
General items
- The committee discussed recent Federal legislative changes affecting pension plans.
Member-Focused work
- FSRA discussed with the committee the learnings from the first Pension Awareness Day. FSRA and the committee brainstormed themes for the next Pension Awareness Day and FSRA Exchange (both early 2024).
Guidance updates
- FSRA provided updates on upcoming pension-specific guidance documents, including guidance related to plan amendments and guidance on roles and responsibilities. The proposed all-sector guidance on IT risk management and principles-based regulation were discussed.
Improving regulatory harmonization across Canada
- FSRA provided an update to the committee on the progress of work on various CAPSA guidelines as well as the expansion of the agreement respecting multi-jurisdictional pension plans.
Late filings
- FSRA provided an update on the actions it has taken to address late filings. FSRA is seeing significant improvement in its review of more recent late filings.
Next meeting
The next meeting of the committee is scheduled for October 2023.
Attendance record
|
Invited/Attended |
Company name |
Attendance status |
|---|---|---|
|
Claire Woodcock |
FSRA – Director, Pension Plan Operations and Committee Co-Chair |
A |
|
Mitch Frazer |
Mintz LLP and Committee Co-Chair |
VC |
|
Andrea Boctor |
Osler, Hoskin & Harcourt LLP |
VC |
|
Jason Vary |
Actuarial Solutions Inc. |
A |
|
Lisa Mills |
BMKP Law LLP |
VC |
|
Louis Duranleau |
Norman Beaudry |
VC |
|
Rohan Kumar |
Willis Towers Watson |
VC |
|
Sandeep Kakan |
Unifor |
VC |
|
Simon Nelson |
Eckler Ltd. |
VC |
|
Steve Wilson |
PricewaterhouseCoopers LLP |
VC |
|
Tejash Modi |
Morneau Shepell |
R |
|
William Jones |
Canadian Federation of Pensioners |
VC |
|
Winston Woo |
AGS Automotive/Canadian Manufacturers & Exporters |
VC |
|
Dan Miles, Daniel Padro, David Bartucci, Dillon De Coteau, Jennifer Mullen, Karima Shajani, Lester Wong, Paul Dempsey, Reesha Hosein, Rhea Tubigan, Stephanie Babb, Tamara DeMos, Trevor McKillop |
FSRA |
VC |
|
Doug Malone |
MOF |
VC |
Disponible en français sur demande.