OSFI Releases Revised Instruction Guide for Solvency Information Returns

The Office of the Superintendent of Financial Institutions (OSFI) has issued a revised instruction guide to assist administrators of pension plans with defined benefit provisions registered or having filed an application for registration under the Pension Benefits Standards Act, 1985 in completing the Solvency Information Return (SIR).

The SIR should be completed and submitted to OSFI annually, before February 15 or within 45 days after the plan year end to which it relates, if later.

The administrator must file the SIR using the Regulatory Reporting System (RRS). The information must be entered directly into the on-line web form in RRS.