Your Pension Plan …. Your Financial Future

Information & Communication

Pension plan members should expect to receive information from their employer initially upon enrollment in a plan and subsequently from their plan administrator. A plan administrator has an obligation to provide members with a variety of information relating to their plan, such as an explanation of the provisions of the pension plan that apply to a member, an explanation of the member’s rights or obligations, at least annually a statement on the value of their pension fund account balance or pension benefit and other required information. Members are also entitled to receive a statement upon termination of employment or retirement.


A plan administrator also has, upon request, the obligation to provide a member, former member or other person entitled to benefits under a pension plan with, subject to satisfying certain conditions, the following information:

  • the provisions of the current pension plan including any amendments to the plan;
  • any documents relating to the plan that are required to be submitted to the Commission;
  • provisions of any previous plan where the current plan is a successor to a previous plan;
  • applicable provisions that set out the employer’s responsibilities under the plan;
  • any document delegating the administration of the plan or pension fund;
  • copies of any financial statement or report that is submitted to the Commission; and copies of those parts of an agreement that concern the purchase or sale of a business or the assets of a business and that relate to the pension plan.


A plan administrator shall make those documents and information available and without charge and permit that person to make extracts or to copy them at their own expense or, if a copy is made available by the administrator, upon the payment of such reasonable fee as the administrator may determine.


A person mentioned above may also inspect at the Commission’s office such prescribed documents or extracts relating to the pension plan or pension fund.

Wessex House, 45 Reid Street, Hamilton

Tel. 441-295-8672

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