September 2011

September 2011

Pensions - New Policy Bulletin: Transfer Deficiencies

September 15, 2011 – A new policy bulletin titled Transfer Deficiencies has been posted.  The purpose of this bulletin is to explain the requirements for the administrator of transfer deficiencies.
For more information, please contact:      

Pensions Division
Saskatchewan Financial Services Commission
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Phone:  (306) 787-7650
Fax:  (306) 798-4425

• Transfer Deficiencies

Pensions - Revised Policy Bulletin: Temporary Solvency Deficiency Payment Relief

September 15, 2011 –  The policy bulletin titled Temporary Solvency Deficiency Payment Relief has been revised.  The purpose of this revision is to clarify the requirements when an interim valuation report or an end of relief valuation report is filed.  The revised bulletin can be found on this website publications page and is attached below.

For more information, please contact:

Pensions Division
Saskatchewan Financial Services Commission
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Phone:  (306) 787-7650
Fax:  (306) 798-4425

• Temporary Solvency Deficiency Payment Relief        

    
Pensions - Consultation Update: Fee Review Discussion Now Closed

September 14, 2011 – The consultation period with respect to the Fee Review Discussion Paper (the Paper) has now closed.  The Paper detailed a proposed new fee schedule, and outlined the principles upon which the schedule was developed.

Amendments to The Pension Benefits Regulations, 1993 are required to makes change to the fee schedule.  Until such amendments are approved, the fee schedule will remain unchanged.  In the Paper, we had indicated that the fees may go up effective January 1, 2012.  Please be advised that the increase will not occur at that time and it is unlikely that it will occur before January 1, 2013.

We will ensure that updates regarding the proposed fee schedule are provided. 

For more information, please contact:

Pensions Division
Saskatchewan Financial Services Commission
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Phone:  (306) 787-7650
Fax:  (306) 798-4425