R-15.1, r. 2 - Regulation respecting the funding of pension plans of the municipal and university sectors

Section 27 Disposition versions

2012-09-01

27. With respect to the portion of the actuarial valuation of the plan performed on a solvency basis, the report must contain the following information:

(1)  the value of the plan’s assets, the value of the plan’s liabilities established without reference, if applicable, to any amendment to the plan considered for the first time at the valuation date, and the actuarial assumptions and methods used to determine those values;

(2)  the value of the plan’s liabilities distributed among the group of active members of the plan, the group of non-active members to whom no pension is paid and the group of the other non-active members and beneficiaries, the actuarial assumptions and methods used to determine the value, and the degree of solvency of the plan;

(3)  the estimated amount of the administration costs referred to in the first paragraph of section 123 of the Act;

(4)  where the plan provides for obligations to which the last sentence of the first paragraph of section 124 of the Act applies:

(a)  a description of the obligations;

(b)  the scenario used by the actuary to determine the plan’s liabilities and, where that scenario results in liabilities that are less than the value of the obligations arising from the plan assuming that the plan is terminated at the valuation date in such circumstances that the benefits accrued to the members must be estimated at their maximum value, such maximum value;

(5)  the description of the approach used to estimate the premium referred to in section 126 of the Act.

O.C. 541-2010, s. 27.