Pensions
News
What's
New to this Site
- Policy
Bulletin #2 is updated to indicate
that Trust documents submitted for filing with
the Superintendent must be drafted in accordance
with the laws of Alberta - December 4, 2006.
-
Policy Bulletin #11
is amended to clarify that where one LIF is transferred
to another LIF, the payment schedule established
under that first LIF is to continue after the
transfer - December 4, 2006.
- Policy
Bulletin #13 has removed the minimum
2% contribution requirement. The bulletin is amended
to reflect the CRA minimum contribution requirement
- December 4, 2006.
- Policy
Bulletin #27 is amended to clarify
the various exemptions to the requirement to file
annual valuation reports as a result of amendment
to the EPPA - December 4, 2006.
- A new Policy
Bulletin #38 has been created to
discuss actuarial valuation reports and cost certificates;
and in particular, to clarify the requirements
for filing an interim cost certificate - December
4, 2006.
- The AIR
and Cost
Certificate forms have been revised
slightly based on comment and feedback we have
received from various pension stakeholders - December
4, 2006.
- A new resource is
available for pension plan administrators, service
providers, and plan members who wish to obtain
electronic updates of significant changes to the
Employment Pensions website. Sign up for our electronic
notification today! - November 24,
2006.
- The Pension
Statistics Report for the period
covering April 1, 2005 to June 30, 2006 is now
available. The Statistics report reflects a June
30 period end-date to provide more up-to-date
information on pension plans registered with the
Superintendent's office. The reason for the change
is that the majority of pension plans have a December
31 plan year end and are required to file their
Valuation Reports / Cost Certificates and Annual
Information Returns by June 30th. Note:
for online viewers, the items listed in the table
of contents are hyperlinked to allow the user
to jump to that section within the body of the
report.
Employment
Pension Plans Act (EPPA), Regulations and Updates
EPPA
Updates
-- issued in
2006 (html not available): |
pdf
|
Released
/Updated |
06-02
- Notice to Financial Institutions: Changes
to Locked-in Products |
|
10/31/06 |
06-01A
- Amendment Checklist |
|
10/20/06 |
06-01
- New Legislation in Effect |
|
08/28/06 |
Go
to Archived Updates
(issued from 2000-2005). |
Forms
Publication
(html not available) |
pdf |
Updated |
AIR
Form - Annual Information Return |
|
12/04/06 |
APP
Form - Application for Registration
of a Pension Plan |
|
09/18/06 |
CC
Form - Cost Certificate |
pdf |
12/04/06 |
Form
1 - Prescribed Locked in Retirement
Account
(Alberta LIRA) Addendum |
|
08/17/06 |
Form
2 - Life Income Fund (Alberta LIF)
Addendum |
|
08/17/06 |
Form 3 - Pension Partner
Waiver of Pre-Pension Commencement Death
Benefit under Pension Plan or LIRA
|
|
08/09/06 |
Form
4 - Pension Partner Waiver of Post
Pension Commencement Death Benefits from
a Defined Benefit Portion of a Pension Plan
|
|
08/09/06 |
Form 5 - Pension Partner
Waiver to Permit Commutation due to Shortened
Life or Taking Non-Residency Status
|
|
08/09/06 |
Form
6 - Pension Partner Waiver on Transfer
to a LIF, DC RIA or Annuity - Non-Defined
Benefit
|
|
08/09/06 |
Form
7 - Schedule of Expected Contributions
|
|
08/17/06 |
Form
42 - Application for Inclusion on
List of Acknowledged Financial Institutions |
|
08/11/06 |
Form 51
- Application
Form to Unlock Pension Funds due to Financial
Hardship -->
Instructions and Policies --> |
pdf
pdf
|
08/09/06
08/09/06
|
Policy
Bulletins
Policy
Bulletin # (html not available) |
pdf |
Updated |
# 1 - Deadlines for Administrators |
|
08/17/06 |
# 2 - Registration of a Pension Plan |
|
12/04/06 |
# 3 - Division and Distribution of Pension
Benefits on Marriage Breakdown |
|
08/28/06 |
# 4 - Removal of Funds from Pension Plans |
|
08/17/06 |
# 5 - Roles & Responsibilities of Plan
Administrator |
|
08/17/06 |
# 6 - Termination of a Pension Plan |
|
08/17/06 |
# 7 - Membership in a Pension Plan |
|
08/17/06 |
# 8 - Conversion from a Defined Benefit Plan
to a Defined Contribution Plan |
|
08/17/06 |
# 9 - Plan Merger and Successor Employer Situations |
|
08/17/06 |
# 10 - Locked-in Retirement Account (LIRA) |
|
10/31/06 |
# 11 - Life Income Fund (LIF) |
|
12/04/06 |
# 12 - Locked-in Retirement Fund |
|
10/31/06 |
# 13 - Contributions to Pension Plans |
|
12/04/06 |
# 14 - Determination and Transfer of Commuted
Values |
|
08/17/06 |
# 15 - Conversion of a Defined Contribution
Provision to a Defined Benefit Provision
- to be updated |
|
08/16/05 |
# 16 - Plans for Connected Individuals |
|
08/17/06 |
#
17 - Specified Multi-Employer Pension Plans |
|
10/20/06 |
# 20 - Flexible Pension Plans |
|
08/17/06 |
#
21 - Missing Persons in Cases of Full Plan
Termination |
|
08/17/06 |
#
22 - SERP Plans |
|
08/17/06 |
#
24 - Maximum Commutable Amounts |
|
08/09/06 |
#
25 - Commutation due to Non-residency Status |
|
09/18/06 |
#
26 - Commutation Due to Shortened Life Expectancy |
|
08/09/06 |
#
27 - Guidelines for Filing Annual Actuarial
Valuations Under the Employment Pension
Plans Act |
|
12/04/06 |
#
28 - Appointment of a Temporary Plan Administrator |
|
08/11/06 |
#
29 - Notification of Adverse Amendments |
|
08/09/06 |
#
30 - Defined Contribution Retirement Income
Accounts (RIAs) |
|
08/10/06 |
#
31 - Publicly Funded Pension Plans |
|
08/11/06 |
#
32 - Unlocking Of Pension Benefits - Summary |
|
08/11/06 |
#
33 - Audited Financial Statements |
|
08/11/06 |
#
34 - 50% Unlocking |
|
10/31/06 |
#
35 - Pension Partner Waiver Forms |
|
08/24/06 |
#
36 - Maintenance Enforcement Act
Provisions |
|
08/11/06 |
#
38 - Cost Certificates and Actuarial Valuation
Reports |
|
12/04/06 |
Superintendent's
List of Registered Pension Plans
The Superintendent’s
List of Registered Pension Plans is added
in response to the requests we receive from service
providers for such a listing. Excluded from this
list are any Plans for Connected Individuals (PCI)
as well as any pension plans that
make reference to an individual’s name.
Publication
(html not available) |
pdf |
Updated |
Superintendent's
List of Registered Pension Plans |
|
10/10/06 |
Superintendent's
List of Financial Institutions offering locked-in
pension products
All banks,
credit unions, trust companies and insurance companies
offering LIRAs, LIFs and LRIFs to customers must
be on the Superintendent’s List of Financial
Institutions offering locked-in pension products,
in order to accept transfers of locked-in funds.
Effective
August 10, 2006
LRIFS can no
longer be established. All existing LRIFS
must be converted to the “new LIF” by
December 31, 2007. Existing LRIFs may be administered
as such until they are converted. Click
here to refer to Policy Bulletin 12 regarding LRIFs.
The process for being
acknowledged on the list has changed. By December
31, 2007, all Financial Institutions, on
the list prior to August 10, 2006, must
file a prescribed certification form (Form
42) and must attach to all LIRA and LIF contracts
the relevant prescribed LIRA
or LIF
addendum. Any Financial Institution that has not
filed the certification by that date will be removed
from the list. Any Financial Institution not previously
acknowledged must file the certification and must
attach to all LIRA and LIF contracts the relevant
prescribed LIRA
or LIF
addendum.
Financial Institutions
on the list prior to August 10, 2006 may continue
to establish LIFs and LIRAs under the existing rules
until they are acknowledged on the new list. For
details on the LIRA click here to refer to Policy
Bulletin 10; for details on the LIF click here
to refer to Policy
Bulletin 11.
Publication
(html not available) |
pdf |
Updated |
Superintendent's
List of Financial Institutions offering locked-in
pension products |
|
11/06/06 |
Interest
Rate Tables and Prescribed Amounts
Below are up-to-date
tables of CANSIM rates related to:
- interest rates for
defined benefit plans;
- commuted value interest
rates;
- current LIF factors;
and
- limits relating
to YMPE for commutation of small pensions; eligibility
of part-time employees; and forced transfers.
Publication
(html not available) |
pdf |
Updated |
Disclosure
Paper on the Pension Plan Risk Assessment
Program |
|
04/29/04 |
Statistical
Reports
Publication
(html not available) |
pdf |
Released |
2005-06
Annual Pensions Statistics Report |
pdf
|
11/15/06 |
2004-05
Annual Pensions Statistics Report |
pdf
|
12/21/05 |
2003-04
Annual Pensions Statistics Report |
pdf
|
06/24/04 |
2002-03 Annual Pensions Statistics Report |
|
08/12/03 |
Canadian
Association of Pension Supervisory Authorities (CAPSA)
Documents
Publication
(html not available) |
pdf |
Released
/Updated |
Proposed
Funding Principles for a Model Pension Law
for public review and consultation |
|
06/20/05 |
Guidelines
for Capital Accumulation Plans |
|
05/28/04 |
Proposed
Regulatory Principles for a Model Pension
Law (news release and consultation paper) |
|
01/21/04 |
CAPSA
Pension Governance Guideline and Implementation
Tool |
|
05/25/01 |
|