Pension Benefits Standards Regulations, 1985

The Pension Benefits Standards Regulations, 1985, were made by Her Excellency the Governor General in Council on December 18, 1986, pursuant to subsections 4(6) and 9(6), and section 39 of the Pension Benefits Standards Act, 1985. The regulations came into effect on January 1, 1987.

These Regulations make various provisions respecting pension benefits standards, including definitions, valuation methods, and financial reporting requirements for pension plans in Canada. They aim to ensure that pension plans are managed in a way that is fair, transparent, and in the best interests of plan members.

The regulations cover various aspects of pension plan management, such as:

• Definitions of key terms, including "pension benefits standards," "actuary," and "pension plan"


• Valuation methods for pension plans, including going concern valuation and immediate life annuity


• Financial reporting requirements for pension plans, including the preparation of annual reports and the disclosure of certain information

The regulations also provide for the administration of pension plans, including the powers and duties of pension administrators, the procedures for valuing and paying out benefits, and the rules for dealing with insolvent or underfunded pension plans.

Overall, the Pension Benefits Standards Regulations, 1985, aim to promote the management of pension plans in a way that is fair, transparent, and in the best interests of plan members.