The Financial and Consumer Services Commission of New Brunswick has reminded pension industry stakeholders that applications to join a technical working group on a proposed defined contribution (DC) pension decumulation framework must be submitted by October 31, 2025. The initiative follows the Commission’s preliminary analysis and a discussion paper aimed at addressing limited decumulation options for DC plan members. Working group members will be expected to provide experience-based comments on the discussion paper, identify issues, and support development of a proposed decumulation framework. The Commission is seeking seasoned professionals with expertise in DC plan administration, design, investments and/or member engagement, including representation from unions, members and retirees, sponsoring employers, multi-employer plan administrators, investment professionals, pension legal and actuarial specialists, and insurers or other financial companies involved in DC services. The anticipated commitment is about nine hours, structured as one three-hour meeting per month for three months, with the first meeting planned for fall 2025; in-person meetings are preferred but hybrid or virtual participation may be used depending on member location. Participation is unpaid, with reasonable travel expenses reimbursed for in-person attendance in line with Commission policies, and the group is advisory rather than an advocacy forum.

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