The Canadian Association of Pension Supervisory Authorities is releasing a consultation draft of revisions to its pension plan funding policy guideline.
The guideline provides direction on the development and adoption of funding policies for defined benefit and target-benefit pension plans, including best practices for plan administrators and sponsors.
Topics covered in the guideline include funding objectives, key risks, cost-sharing mechanisms and utilization of funding excess.
“Since the original guideline’s publication, new plan designs and legislated funding requirements have raised new issues for pension plan administrators,” said the CAPSA in a letter to stakeholders.
Comments on the revisions are requested by Jan. 11, 2021.