What's New in Pensions & Benefits - October 2018 November 20, 2018 Michelle Rival and Evan Shapiro Share Facebook Twitter Linked In Google+ E-Mail Draft surplus distribution policies released by FSCO FSCO has released two draft policies for public consultation. The comment deadline for both was November 12, 2018: S900-512 – Application by Employer for Payment of Surplus on Wind Up of a Pension Plan combines and replaces S900-510 (application on full wind up) and S900-511 (application on partial wind up) and reflects the 2010 amendments to the PBA that implemented new surplus withdrawal rules. S900-514 – Surplus Distribution by Written Agreement – The Role of Legal Counsel replaces current policy S900-503 and sets out FSCO’s expectation that legal counsel will clearly communicate the scope of their authority to act on behalf of represented individuals to those individuals. It also updates certain affidavit requirements. Please log in to read the full article.