Assessment of Pension Plans Regulations
Version of section 4 from 2016-10-21 to 2024-10-30:
4 The basic rate for a fiscal year is the rate determined in accordance with the following formula:
(A + B)/C
where
- A
- is the estimated total amount of expenses to be incurred by the Office during the fiscal year for or in connection with the administration of the Pension Benefits Standards Act, 1985 and the Pooled Registered Pension Plans Act;
- B
- is 20% of the amount determined in accordance with the following formula:
D – E
where
- D
- is the total amount of expenses incurred by the Office for or in connection with the administration of the Pension Benefits Standards Act, 1985 and the Pooled Registered Pension Plans Act and by the Superintendent for the registration of pension plans and their supervision under those Acts, including inspection, in the second to sixth preceding fiscal years, and
- E
- is the total amount of assessments received by the Office as well as the fees collected under the Pension Benefits Standards Act, 1985 and the Pooled Registered Pension Plans Act in the second to sixth preceding fiscal years if, for those years, B had been equal to zero; and
- C
- is the estimated total amount of the pension plan assessment bases of all plans.
- SOR/2016-275, ss. 4, 6
- Date modified: