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Pension Benefits Standards Act, 1985

Version of section 40 from 2023-04-27 to 2023-11-14:

Marginal note:Annual report

  •  (1) The Superintendent shall, after consultation with the Chief Actuary of the Office of the Superintendent of Financial Institutions and as soon as possible after the end of each fiscal year, submit to the Minister a report on

    • (a) the operation of this Act during that year; and

    • (b) the success of pension plans in meeting the funding requirements, determined in accordance with section 9, and the corrective measures taken or directed to be taken to deal with any pension plans that are not meeting the funding requirements.

  • Marginal note:Tabling in Parliament

    (2) The Minister shall cause the report to be tabled in each House of Parliament on any of the first 15 days on which that House is sitting after the day the Minister receives it.

  • Marginal note:Transmission to provinces

    (3) As soon as possible after the tabling of the report in Parliament, the Superintendent shall transmit the report to the relevant provincial ministers responsible for finance and provincial securities commissions.

  • R.S., 1985, c. 32 (2nd Supp.), s. 40
  • 2010, c. 12, s. 1822
  • 2023, c. 6, s. 6

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