Member information submitted to OSFI

Due to privacy related concerns and the need to limit the collection of unnecessary personal information, we ask that plan administrators, in communicating with OSFI or when preparing a plan’s termination report and accompanying documents, do not provide personal information that could identify a member. The plan administrator can submit, for example, a member’s employee or account number, and exact age, rather than information such as the member’s name, date of birth or social insurance number.

OSFI will make revisions to clarify our expectations in this regard, as required in our guidance material for actuarial and termination reports.