In accordance with Ontario Regulation 415/07 made under the Financial Services Commission of Ontario Act, 1997, the Pension Assessment has now replaced the Annual Information Return (AIR) fee structure, but not the requirement to file AIRs.

New AIR forms were mailed out to Plan Administrators, beginning April 2007, and contained information regarding the Pension Assessment.

2007-2008 Pension Sector Assessment

The 2007-2008 Pension Sector Assessment information package and invoice was mailed to all Plan Administrators in February 2008.  The information package included a letter to Plan Administrators, Pension Assessment Frequently Asked Questions, and a Sample Invoice and Statement.

Letter to Pension Plan Administrator

The letter to Plan Administrators, sets out the details of the assessment process, including the estimated pension sector costs, fees and adjustments used in determining the pension assessments.  The letter also provides a reminder to plan administrators of the Annual Information Return filing requirements associated with the Pension Assessment.

Frequently Asked Questions

The Pension Assessment Frequently Asked Questions answer some of the questions that can arise as a result of the implementation of the Pension Assessment.

Assessment Invoice

Pension Plan Administrators have received a pension assessment invoice, informing them of the amount of assessment to be paid.  The assessment must be paid within 30 days of the invoice date.

Inquiries

Plan administrators who did not receive an assessment invoice should contact Ontario Shared Services at 1-877-535-0554.

Plan administrators who have more questions about the assessment invoice should contact:

Financial Services Commission of Ontario
Pension Division
5160 Yonge Street, 4th Floor, Box 85
Toronto ON M2N 6L9

Telephone: 416-226-7806
Toll-free: 1-800-668-0128 ext. 7806
E-mail: pensionassessment@fsco.gov.on.ca