Standing Technical Advisory Committee for Public Sector Pension Plans (PSPP)

Meeting summary

Date: Tuesday, October 31, 2023
Time: 11:00 a.m. to 12:30 p.m.
Location: Videoconference

This summary sets out the key points discussed at the October 31, 2023 meeting.

Member-Focused work

FSRA discussed with the committee the upcoming Pension Awareness Day in February 2024 and ways to increase its reach.

Guidance updates

FSRA provided updates on upcoming pension-specific guidance documents, including guidance related to plan amendments and guidance on roles and responsibilities, as well as an upcoming consultation on rule-making authority with respect to family law. The proposed all-sector guidance on general Administrative Monetary Penalties was discussed.

Improving regulatory harmonization across Canada

  • FSRA provided an update to the committee on the progress of work on various CAPSA guidelines.

Examinations

  • FSRA provided an update to the committee on the pilot examinations program which uses a risk-based and outcomes-focused approach.

Large public sector pension plans

  • FSRA provided an update on its engagement with large public sector pension plans.

Brewers retail decision

  • FSRA updated the committee on the court’s ruling. This was fact-specific and FSRA will continue to reject void amendments.

Next meeting

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

Attendance record

Invited/Attended

Company name

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

Trevor Cartlidge

FSRA – Deputy Chief Actuary and Committee Co-Chair

A

Gareth Gibbins

OMERS and Committee Co-Chair

R

Cynthia Crysler

Cavalluzzo LLP

VC

David Gordon

CAAT

VC

Glorie Alfred

OTPP

VC

Hrvoje Lakota

Investment Management Corporation of Ontario

VC

Jeff Sommers

Blake, Cassels & Graydon LLP

R

Julie Belair

OPTrust

VC

Laura Brownell

UPP

VC

Mark Janson

CUPE National Office

VC

Murray Gold

Koskie Minsky

VC

Paul Litner

Osler, Hoskin & Harcourt LLP

VC

Paul Winnett

Morneau Shepell Ltd

VC

Ariella Fuhrman

HOOPP

VC

Dan Miles, Daniel Padro, David Bartucci, Elissa Sinha, James Hoffner, Jennifer Mullen, Jesse Heath-Rawlings, Karima Shajani, Lester Wong, Leticia Cooper, Mathew Ou, Rhea Tubigan, Siddhartha Kalita, Tamara DeMos

FSRA

VC

Susan Ampleford

MOF

VC

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