News & Updates
FSRA issues update on filings, Pension Benefits Guarantee Fund payments, contribution holidays
May 28, 2025
The Financial Services Regulatory Authority of Ontario (FSRA) celebrated the pension sector’s support for Pension Awareness Day in its latest Pension Update.
The newsletter also updated readers on several initiatives and industry news, including:
- FSRA released its Q4 2024 Solvency report, which showed that the median solvency ratio for Ontario defined benefit (DB) plans remained stable at 122%, up slightly since the previous quarter.
- A call for new members to join FSRA’s Stakeholder Advisory Committee for Pensions, which advises FSRA's board on FSRA’s priorities, budget, principles-based regulation and other pension matters.
- A reminder of the requirement for plan administrators to file most applications (including amendments and filing extensions) through FSRA’s Pension Services Portal.
- A reminder that plans can make Pension Benefits Guarantee Fund assessment payments electronically. Late payments will be subject to a 20% penalty and interest charges.
- A reminder of the regulatory requirements for plans that are considering a contribution holiday.
Click on ‘More Information’ below to review the announcement:
