Who is required to provide information to me on my pension plan? Do I have to make an access to information to the OSFI for this information?
The plan administrator is required by law to provide members and former members with certain information concerning their pension plan. You should not have to make an access to information request to OSFI for information concerning your pension plan.
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What information about my pension plan am I entitled to receive as member or former member (pensioner or retiree)?
You and your spouse or common-law partner are entitled to information about your pension plan and pension entitlements. The plan administrator is required to provide this information to you in a timely manner.
Information to Be Provided by the Plan Administrator:
- a pension plan booklet
- notification of any applicable amendments to the provisions of the plan
- personalized annual statements (within 6 months of the plan’s year end)ment
- a retirement statement (within 30 days of your retirement)
- a termination statement (within 30 days of termination of employment)
- a survivor benefit statement (within 30 days of notice of death).
Information to Be Disclosed by the Plan Administrator on Request:
- annual information returns
- financial statements, including plan expenses
- actuarial reports
- plan text
- plan amendments
- statements of investment policies and procedures.
Documents must be made available for inspection at least once every calendar year. This information must be made available either at your place of employment (if you are still a member of the plan) or at a mutually agreed-upon place. The plan administrator may charge a reasonable fee for photocopies.
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