Guideline on Amending a Pension Plan’s Trust Deed and Rules and Correcting the Register of Pension Plans

June 20, 2023
CIRCULAR LETTER TO:
PENSION PLAN TRUSTEES,
PLAN SPONSORS,
MANAGEMENT COMMITTEES
REF: CB-OIFI-1888/2023
GUIDELINE ON AMENDING A PENSION PLAN’S TRUST DEED AND RULES AND CORRECTING THE REGISTER OF PENSION PLANS The Central Bank of Trinidad and Tobago (‘Central Bank’/‘Bank’), following consultation with the Pensions sector which commenced in December 2022, has finalized the Guideline on amending a Pension Plan’s Trust Deed and Rules and correcting the Register of Pension Plans. The purpose of this Guideline is to assist Trustees and Plan Sponsors in determining whether documents prepared for the amendment of Trust Deeds and Rules or for correcting the register of pension plans meet the requirements of the Act prior to these documents being submitted to the Bank. Therefore, Trustees and Plans Sponsors should not only familiarize themselves with the Guideline but also share it with the preparers of amendments to ensure that they adhere to the requirements. A soft copy of the Guideline is attached to this letter and it can also be accessed at https://www.central-bank.org.tt/core-functions/supervision/pensions-sector/pension-sector￾legislation-and-guidelines. The Bank takes this opportunity to thank all stakeholders for their feedback and acceptance of this and other Guidelines. Yours sincerely Patrick Solomon INSPECTOR OF FINANCIAL INSTITUTIONS Cen t r al Ban k o f Tri n i d ad an d To bag o Eric Williams Plaza, Independence Square, Port-of-Spain, Trinidad, Trinidad and Tobago Postal Address: P.O. Box 1250 Telephone: (868) 621-CBTT (2288), 235-CBTT (2288); Fax: (868) 612-6396 E-Mail Address: info@central-bank.org.tt Website: www.central-bank.org.tt