OSFI Releases Instruction Guide for the Preparation of Actuarial Reports
Published November 15, 2024
The Office of the Superintendent of Financial Institutions (OSFI) has issued a revised Instruction Guide for the Preparation of Actuarial Reports for Defined Benefit Pension Plans. The guide updates the previous one published in November 2023 to reflect:
- updated requirements regarding the maximum going concern discount rate; and
- updated funding requirements with regards to negotiated contribution plans.
The Guide applies to actuarial reports with a valuation date on and after December 31, 2024. Early adoption is permitted.