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.

 

Submission/Publications