FSCO began issuing guidance on actuarial matters to the actuarial community in the form of Actuarial Guidance Notes in April, 2011. This page provides a link to the consultation paper which will precede the formal issuance of the third Actuarial Guidance Note. All stakeholders are encouraged to review this document and submit their comments. Submissions must be made within 30 days of the posting date of the consultation paper. View Previously issued Actuarial Guidance Notes.
Actuarial Guidance Note # 3 – Determination of Interest Payments Where Solvency Special Payments Are Covered by Letters of Credit -Regulation 909 s.5 Size: ## kb
This note solicits pension stakeholders’ comments on FSCO’s position on the determination of interest payments with respect to the solvency deficiency when employers provide letters of credit. It will be available for comment until June 7, 2013.
How to Provide Comments
FSCO welcomes comments regarding Actuarial Guidance Notes. There are several ways to submit your comments.
2) You may mail your comments to:
Attention: Pension Policy Unit
Financial Services Commission of Ontario
5160 Yonge Street, Box 85
Toronto ON M2N 6L9
Please include a subject line in your letter referencing “Actuarial Guidance Note #3”.
3) You may send your comments by fax to (416) 226-7787. Please include a subject line in your fax referencing “Actuarial Guidance Note #3.”
If you need clarifications on the technical aspects of the Actuarial Guidance Note prior to submitting your response, please contact:
Lester Wong, Chief Actuary
Tel: (416) 226-7784
Please note that this is a public consultation process. All submissions that are received by FSCO may be posted on FSCO’s website at the end of the consultation period. All submissions that are received are also subject to disclosure under the provisions of the Freedom of Information and Protection of Privacy Act. If you intend to provide information that is confidential, such as personal information (including an individual’s contact information) or third party information, please do not include it as part of your submission. Instead, include it in a separate letter that is clearly marked “confidential”. FSCO will not post the letter to the website and will treat it as confidential information, unless FSCO is required by law to disclose it.