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Home -> Financial Planning -> Pensions -> Registered Pension Plans (RPPs) - Registered Pension Plan regulators and legislation

Registered Pension Plan Regulators and Legislation

Some plans are regulated federally, and some are regulated by the province. Industries whose pension plans are regulated federally include aviation and airlines, banks, broadcasting and telecommunications, interprovincial transportation, marine navigation and shipping, and railways.

Links to regulators and related legislation:

Jurisdiction	Regulator / Legislation	Legislation
Federal	Office of Superintendent of Financial Institutions (OSFI) - Pension Plans Section Private pension plans under federal jurisdiction Pension Benefits Standards Act, 1985 (PBSA)
AB	Alberta Finance - Pensions Information for Albertans - includes legislation Alberta Pensions Services Corporation
BC	BC Financial Services Authority Public sector pension plans - British Columbia Pension Corporation Pension Benefits Standards Act [SBC 2012] - came into force on Sep 30, 2015. Pension Benefits Standards Regulation (PBSR) Life Income Fund (LIF) Interest Rate & Withdrawal Calculations
MB	Manitoba Pension Commission Pension Benefits Act and Regulation Aug 17/21 *News*: Bill 8 Amendments to Pension Benefits Act and Regulations - come into force Oct 1/21: Pension Benefits Amendment Act Pension Benefits Regulation, amendment Pooled Registered Pension Plans Regulation, amendment
NB	Financial and Consumer Services Commission (FCNB) Pension Benefits Act (pdf) Regulation 91-195 Under the Pension Benefits Act (pdf)
NL	Public Sector Pensions Administration Pension Benefits Act and Regulations
NS	Nova Scotia Pension Regulation Division Public sector pension plans - Nova Scotia Pension Agency Pension Benefits Act and Regulations
ON	Financial Services Commission of Ontario (FSCO) - Pensions Pension Benefits Act and Regulations
PEI	Public Service Commission
QC	Pension Plans supervised by Retraite Quebec - See Quebec Removal of LIF Maximums - Consultation, regarding the removal of the upper limit related to withdrawals of life income funds (LIFs) for persons aged 55 or over, as of July 1, 2024, and other changes. Draft legislation has been published, comments to be submitted by February 10, 2024. Supplemental Pension Plans
SK	Saskatchewan Financial Financial and Consumer Affairs Authority - Pension Plan Members Pension Benefits Act, 1992 Pension Benefits Regulations, 1993
YT	Public service pensions fall under the Federal Public Service Pension Plan Private pension plans fall under federal jurisdiction - see Federal above
NT	Private pension plans fall under federal jurisdiction - see Federal above
NU	Private pension plans fall under federal jurisdiction - see Federal above

Revised: September 20, 2024

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