Resources Pension Plan Administrators Defined Benefit Plans - FundingThe process by which The Pension Benefits Act, 1992 (the Act) ensures the orderly funding of pension plans (Plan) that contain defined benefit provisions is described in various sections of the legislation, but can be summarized as follows:
A "defined benefit provision" means a provision of a plan pursuant to which benefits are determined in any way other than solely by reference to what is provided by contributions made by or for the credit of a member together with interest. A "defined benefit plan" means a plan that contains a defined benefit provision. Filing Actuarial Information with FCAA Pursuant to the Act, the Adminstrator a pension plan administrator (Administrator) of a plan registered under the Act must file an actuarial valuation report and/or cost certificate, along with supporting information (for the purposes of RLS, this is referred to as an “AIS”) with the Superintendent. The AIS must be completed and filed with the Superintendent:
The actuarial valuation report and/or cost certificate is uploaded in the AIS process. in RLS An AIS must be filed electronically via RLS. Please go to the RLS webpage (link below). You will find instruction guides and data lists to assist you in filing the Application via RLS. |