CAPSA


Multi-Jurisdictional Agreement
 

Issue

The administration of multi-jurisdictional plans has been challenging for pension plan administrators.  In addition to clarification of jurisdictional governance, there is a need for detailed guidance on issues not currently addressed in pension standards legislation – allocation of assets among jurisdictions on plan wind-up or asset transfer.

Action to Date

In October 2008, the Canadian Association of Pension Supervisory Authorities (CAPSA) proposed an Agreement Respecting Multi-Jurisdictional Pension Plans, requesting review and comment from stakeholders.  The ACPM submitted a response in January 2009.

As of April 22nd, 2009, CAPSA has completed its review of input from stakeholders and is developing a revised Agreement in light of their comments.  Once completed, the revised Agreement will be sent for consideration to those governments across Canada with pension legislation in force.

In line with their mission, CAPSA developed the 2020 Agreement Respecting Multi-JurisdictionalPension Plans (2020 Agreement). The following governments have signed the 2020 Agreement, which will govern the administration and regulation of multi-jurisdictional pension plans (MJPPs) between their jurisdictions effective July 1, 2020: Alberta, British Columbia, New Brunswick, Nova Scotia, Ontario, Quebec, Saskatchewan, Canada (federal).


Submission/Publications

 

Consultation Responses
Jan. 21, 2021 ACPM-response-to-CAPSA-Guideline-No-7
   
Dec. 13, 2018 ACPM-Letter-CAPSA-Consultation-on-annuity-quotations-for-solvency-valuations
 
Dec. 13, 2018 ACPM-Submission-CAPSA-Consultation-Guideline-2-Electronic-Communications
 
Sept. 25, 2018 ACPM-Response-to-CAPSA-Guideline-No-8
 
Aug. 30, 2017 ACPM-Submission-CAPSA-Consultation-Paper on Proposed Changes to Funding and Asset Allocation Rules
 
Jun. 9, 2016 ACPM-Response-to-CAPSA-Governance-Guideline-review-(10-06-16)
 
Feb. 4, 2016 ACPM response to CAPSA Strategic Plan 2016‐2019
 
Nov. 9, 2012 ACPM Response to Draft DC Pension Plan Guideline
 
Dec. 12, 2011

ACPM Letter to CAPSA re: 2012-15 Strategic Plan

Jun. 8, 2011 Response to CAPSA Consultation on Draft Guidelines on Pension Plan Prudent Investment Practices 
 
Sept. 15, 2010 ACPM Submission to CAPSA re: Guideline on Fund Holder Arrangement 
 
Apr. 30, 2010

Nov. 30, 2009
ACPM Submission to CAPSA Consultation Paper 

CAPSA Consultation Brief
   
 
Comment Letters