Standing Technical Advisory Committee for Multi-Employer Pension Plan (MEPP)

Meeting summary

Date: Thursday, June 13, 2024
Time: 1:30 p.m. to 3:00 p.m.
Location: Videoconference

This summary sets out the key points discussed at the June 13, 2024 meeting.

General items

  • The committee discussed the issue of discharge on annuitization from a MEPP as well as the Pension Plan Amendment guidance recently released.
  • FSRA will be sending a survey to the TACs to see what is working and what could be improved.

Defined Benefit MEPP leading practice benchmarking

  • FSRA updated the committee on its progress to date on the broader benchmarking report and that the exercise is now complete.

Target benefit framework

  • Ontario Ministry of Finance updated the committee that the draft regulations will be up for consultation at the start of the summer.

Member-Focused work

  • FSRA updated the committee on the work to date for the third Pension Awareness Day, taking place in February 2025. The committee and FSRA discussed how to increase participation.

E-Blasts

  • FSRA updated the committee on its approach to quarterly Pensions e-blasts and discussed the content and timing.

Examinations

  • FSRA provided an update on the examinations webinar which occurred in May 2024. The webinar had good attendance across the sector and received positive feedback. FSRA is working on FAQs and on developing a landing page on fsrao.ca dedicated to examinations.

Organization update

  • FSRA provided an update to the committee on recent changes to the organizational structure in the Pensions leadership team.

Improving regulatory harmonization across Canada

  • FSRA updated the committee on the work to date CAPSA has done on the Risk Management and Capital Accumulation Plan guidelines.

Stakeholder Advisory Committee

  • FSRA updated the committee that FSRA will be calling for applications to the Stakeholder Advisory Committee. FSRA is looking for new members for that committee.

Next meeting

The next meeting of the committee is scheduled for Fall 2024.

Attendance record

Invited/Attended

Company name

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

Paul Martiniello

FSRA –Director, Relationship Management and Committee Co-Chair

A

Susan Bird

Multi-Employer Benefit Plan Council of Canada and Committee Co-Chair

VC

Alain Malaket

InBenefits

VC

Alex McKinnon

United Steelworkers

VC

Domenic Barbiero

Eckler Ltd.

VC

Doug LeFaive

GoldBlatt Partners

VC

Joan Tanaka

Prudent Benefits Administration Services Inc.

VC

Kevin Rozek

Segal

VC

Kim MacPherson

TEIBAS

A

Lindsay McLeod

Brown Mills Klinck Prezioso

LLP

VC

Luc Girard

Mercer

VC

Michael Mazzuca

Koskie Minsky

R

Mike Neheli

Manion, Wilkins & Associates Ltd.

R

Nisha Singh

PBI

VC

Shenagh Rosa

United Church

R

Amy Salillari, Chantal Laurin, David Bartucci, Jennifer Mullen, Jessica Ramdin, Julina Lam Lyn, Karima Shajani, Lester Wong, Leticia Cooper, Marco Ciavatta, Marco Maseelall, Mark Lucyk, Michael Palozzi, Mitzi D’Souza, Rhea Tubigan, Shola Gibbs, Stephanie Babb, Vanessa Taylor, Victoria Lesau

FSRA

VC

Anjali Raghunath, Jeff Sweeting

MOF

VC

Disponible en français sur demande.