The Canadian Association of Pension Supervisory Authorities (CAPSA) published administrative procedures to support implementation of the 2020 Agreement Respecting Multi-jurisdictional Pension Plans, as amended by the 2023 amending agreement, which provides a framework for supervising pension plans with members in more than one Canadian jurisdiction. The procedures are not part of the agreement itself, but set out how CAPSA member authorities will apply key provisions and coordinate supervision and communications between a plan’s “major” authority and “minor” authorities. The procedures cover decision-making and appeals, dispute resolution between supervisory authorities, cooperation and information sharing, language of communication, periodic reporting, communications to plan administrators when a minor authority exercises an agreed power or makes an agreed decision, and treatment of pending matters when major authority status changes. For decisions, the procedures distinguish “Schedule B” plan matters where the major authority’s laws govern decision-making and recourse, from non-Schedule B matters where the major authority makes the initial decision applying the minor authority’s substantive law but recourse follows the minor authority’s legislation, with an expectation that the major authority may need to adjust notice and representation processes to meet procedural requirements across affected jurisdictions. Disputes are escalated through a joint submission to CAPSA’s Multilateral Agreement Standing Committee, including a 30-day period for CAPSA member comments and a 60-day period for committee advice, before potential elevation to CAPSA and a final course of action determined by the major authority, with confidentiality applying to information exchanged. The administrative procedures take effect on 1 January 2026.
Canadian Association of Pension Supervisory Authorities 2026-01-01
Canadian Association of Pension Supervisory Authorities issues administrative procedures for the amended multi-jurisdictional pension plan agreement effective 1 January 2026
CAPSA released procedures to implement the 2020 Agreement on Multi-jurisdictional Pension Plans, amended in 2023. These outline how member authorities will coordinate supervision and communication between major and minor authorities, covering decision-making, dispute resolution, and information sharing. Effective 1 January 2026, they ensure consistent application of key provisions across jurisdictions.