Finance committee  There's certainly no role within the pension regulatory system.

Finance committee  Yes, that's right.

Finance committee  I'm not an expert on the Nortel situation. If I understand correctly, most of the employees were from Ontario or Quebec. So there were some pension plans that were regulated by Ontario and others in Quebec.

Finance committee  Yes, it is.

Finance committee  Do you mean the differences in the regulations, the rules?

Finance committee  We had absolutely no role in Nortel, because the employees of Nortel are subject to provincial regulation, and the pension plans of Nortel are therefore subject to provincial oversight.

Finance committee  One of the jurisdictional issues is simply that under the Constitution, pensions are regulated according to where the area of employment is regulated. In some businesses employees fall under federal regulation; those businesses include banking, telecommunications, interprovincial

Finance committee  Two years ago we reported that the December 2007 average solvency ratio of federal plans was estimated at 1.05. In other words, pension plan assets, on average, exceeded liabilities by an estimated 5%. A year later, at year end 2008, the ratio had declined to 0.85, meaning that t

Finance committee  Good afternoon and thank you for inviting me here today to contribute to the Finance Committee’s study of the Retirement Income Security of Canadians. The Office of the Superintendent of Financial Institutions (OSFI) is the primary regulator of banks and insurance companies, as

Status of Women committee  The way the legislation for private pensions works is that you're regulated by the jurisdiction that regulates the area of employment. As the federal regulator, we regulate pensions in federally regulated areas of employment, which would be banking, interprovincial transportation

Status of Women committee  As the regulator, we don't actually make any rules around the bankruptcy act or the priority of pension claims. I can understand the issues they're speaking to, but we don't really have a formal position. There are arguments on either side.

Status of Women committee  Yes.

Status of Women committee  Good afternoon, ladies and gentlemen. Thank you for inviting me here today. My name is Judy Cameron, Managing Director of the Private Pension Plans Division of the Office of the Superintendent of Financial Institutions (OSFI). OSFI is tasked with implementing the laws and regu