Applications and Filings: Pension Plans

   2017-18     2016-17     2015-16     2014-15     2013-14     2012-13     2011-12  


 

​ServiceStandard​

​Target

(%)

2017-18

Actual

(%)​

Applications for Defined Benefit Pension Plans​ ​ ​ ​ ​​Complete and compliant Surplus Applications will be reviewed and approved within 150 business days.​95N/A
​Complete and compliant Wind-up Applications will be reviewed and approved within 120 business days.​95100
​Complete and compliant Transfer of Assets Applications will be reviewed and approved within 120 business days.​95N/A
​Complete and compliant Refund of Employer Overpayment Applications will be reviewed and approved within 90 business days.​95N/A
​Complete and compliant Refund of Member Contribution Applications will be reviewed and approved within 60 business days.​95​N/A
Applications for Defined Contribution Pension Plans ​ ​​ ​ ​ ​ ​​Complete and compliant Refund of Employer Overpayment Applications will be reviewed and approved within 60 business days.​95100
​Complete and compliant Refund of Member Contribution Applications will be reviewed and approved within 30 business days.​95N/A
​Complete and compliant Transfer of Assets Applications will be reviewed and approved within 60 business days.​95​100
​Complete and compliant Wind-up (full and partial) Applications will be reviewed and approved within 60 business days.​95100
​Complete and compliant Surplus Withdrawal (wind-up and on-going) Applications will be reviewed and approved within 120 business days.​95​N/A

 



 

​ServiceStandard​

​Target

(%)

2016-17

Actual

(%)​

Applications for Defined Benefit Pension Plans​ ​ ​ ​ ​​Complete and compliant Surplus Applications will be reviewed and approved within 150 business days.​100N/A
​Complete and compliant Wind-up Applications will be reviewed and approved within 120 business days.​100100
​Complete and compliant Transfer of Assets Applications will be reviewed and approved within 120 business days.​100100
​Complete and compliant Refund of Employer Overpayment Applications will be reviewed and approved within 90 business days.​100100
​Complete and compliant Refund of Member Contribution Applications will be reviewed and approved within 60 business days.​100​N/A
Applications for Defined Contribution Pension Plans ​ ​​ ​ ​ ​ ​​Complete and compliant Refund of Employer Overpayment Applications will be reviewed and approved within 60 business days.​100100
​Complete and compliant Refund of Member Contribution Applications will be reviewed and approved within 30 business days.​100N/A
​Complete and compliant Transfer of Assets Applications will be reviewed and approved within 60 business days.​100​100
​Complete and compliant Wind-up (full and partial) Applications will be reviewed and approved within 60 business days.​100100
​Complete and compliant Surplus Withdrawal (wind-up and on-going) Applications will be reviewed and approved within 120 business days.​100​N/A

 



 

​ServiceStandard​

​Target

(%)

2015-16

Actual

(%)​

Applications for Defined Benefit Pension Plans​ ​ ​ ​ ​​Complete and compliant Surplus Applications will be reviewed and approved within 150 business days.​100​100
​Complete and compliant Wind-up Applications will be reviewed and approved within 120 business days.​10097
​Complete and compliant Transfer of Assets Applications will be reviewed and approved within 120 business days.​10050
​Complete and compliant Refund of Employer Overpayment Applications will be reviewed and approved within 90 business days.​100100
​Complete and compliant Refund of Member Contribution Applications will be reviewed and approved within 60 business days.​100​100
Applications for Defined Contribution Pension Plans ​ ​​ ​ ​ ​ ​​Complete and compliant Refund of Employer Overpayment Applications will be reviewed and approved within 60 business days.​100N/A
​Complete and compliant Refund of Member Contribution Applications will be reviewed and approved within 30 business days.​100100
​Complete and compliant Transfer of Assets Applications will be reviewed and approved within 60 business days.​100​100
​Complete and compliant Wind-up (full and partial) Applications will be reviewed and approved within 60 business days.​10094
​Complete and compliant Surplus Withdrawal (wind-up and on-going) Applications will be reviewed and approved within 120 business days.​100​N/A

 

* New Regulations relating to Asset Transfers was introduced in March 2015 and as a result of the complexities from these regulations, FSCO met its service standard on only 50% of the ‘complete and compliant’ applications submitted during the 2015-2016 fiscal year. 



 

​ServiceStandard​

​Target

(%)

2014-15

Actual

(%)​

Applications for Defined Benefit Pension Plans​ ​ ​ ​ ​​Complete and compliant Surplus Applications will be reviewed and approved within 150 business days.​100​100
​Complete and compliant Wind-up Applications will be reviewed and approved within 120 business days.​100​100
​Complete and compliant Transfer of Assets Applications will be reviewed and approved within 120 business days.​100​100
​Complete and compliant Refund of Employer Overpayment Applications will be reviewed and approved within 90 business days.​100100
​Complete and compliant Refund of Member Contribution Applications will be reviewed and approved within 60 business days.​100​100
Applications for Defined Contribution Pension Plans ​ ​​ ​ ​ ​ ​​Complete and compliant Refund of Employer Overpayment Applications will be reviewed and approved within 60 business days.​100100
​Complete and compliant Refund of Member Contribution Applications will be reviewed and approved within 30 business days.​100100
​Complete and compliant Transfer of Assets Applications will be reviewed and approved within 60 business days.​100​100
​Complete and compliant Wind-up (full and partial) Applications will be reviewed and approved within 60 business days.​100​100
​Complete and compliant Surplus Withdrawal (wind-up and on-going) Applications will be reviewed and approved within 120 business days.​100​N/A
 

 

 



 

​ServiceStandard​

​Target

(%)

2013-14

Actual

(%)​

Applications for Defined Benefit Pension Plans​ ​ ​ ​ ​​Complete and compliant Surplus Applications will be reviewed and approved within 150 business days.​100​100
​Complete and compliant Wind-up Applications will be reviewed and approved within 120 business days.​100​100
​Complete and compliant Transfer of Assets Applications will be reviewed and approved within 120 business days.​100​100
​Complete and compliant Refund of Employer Overpayment Applications will be reviewed and approved within 90 business days.​100​50
​Complete and compliant Refund of Member Contribution Applications will be reviewed and approved within 60 business days.​100​100
Applications for Defined Contribution Pension Plans ​ ​​ ​ ​ ​ ​​Complete and compliant Refund of Employer Overpayment Applications will be reviewed and approved within 60 business days.​100N/A​
​Complete and compliant Refund of Member Contribution Applications will be reviewed and approved within 30 business days.​100​N/A
​Complete and compliant Transfer of Assets Applications will be reviewed and approved within 60 business days.​100​100
​Complete and compliant Wind-up (full and partial) Applications will be reviewed and approved within 60 business days.​100​100
​Complete and compliant Surplus Withdrawal (wind-up and on-going) Applications will be reviewed and approved within 120 business days.​100​N/A
 

 

 

 

 

 

 



Applications and Filings - Pension Plans

Service Standard Target (%) 2012-13 Actual (%)
Applications for Defined Benefit Pension Plans​ Complete and compliant Surplus Applications will be reviewed and approved within 150 business days. 100 100
Complete and compliant Wind-up Applications will be reviewed and approved within 120 business days. 100 100
Complete and compliant Transfer of Assets Applications will be reviewed and approved within 120 business days. 100 100
Complete and compliant Refund of Employer Overpayment Applications will be reviewed and approved within 90 business days. 100 N/A
​Complete and compliant Refund of Member Contribution Applications will be reviewed and approved within 60 business days. 100 100


Applications and Filings - Pension Plans

Service Standard Target (%) 2011-12 Actual (%)
Applications for Defined Benefit Pension Plans​ Complete and compliant Surplus Applications will be reviewed and approved within 150 business days. 100 N/A
Complete and compliant Wind-up Applications will be reviewed and approved within 120 business days. 100 100
Complete and compliant Transfer of Assets Applications will be reviewed and approved within 120 business days. 100 100
Complete and compliant Refund of Employer Overpayment Applications will be reviewed and approved within 90 business days. 100 N/A
​Complete and compliant Refund of Member Contribution Applications will be reviewed and approved within 60 business days. 100 100