R-10, r. 2 - Regulation under the Act respecting the Government and Public Employees Retirement Plan

Section 12.2.1 Disposition versions

2022-11-01

12.2.1. The actuarial value of the deferred pension referred to in section 46.1 or 54 of the Act is determined using the following actuarial method and assumptions:

Actuarial method

The actuarial method is the “benefit allocation” method.

For the Government and Public Employees Retirement Plan, the actuarial value corresponds to the sum of 25% of the actuarial value determined for a male and 75% of the actuarial value determined for a female.

For the Pension Plan of Certain Teachers, the actuarial value corresponds to the sum of 50% of the actuarial value determined for a male and 50% of the actuarial value determined for a female.

For the Pension Plan of Peace Officers in Correctional Services, the actuarial value corresponds to the sum of 55% of the actuarial value determined for a male and 45% of the actuarial value determined for a female.

Actuarial assumptions

For the purposes of section 46.1, the actuarial assumptions apply taking into account the rules of paragraph 3530.06 of subsection 3530 of the CIA Standard.

For the purposes of section 46.1 or section 54, the economic assumptions are established based on the rates and returns of bond indexes, as described in the CIA Standard, applicable to the fourth calendar month preceding the month in which the valuation took place, rather than those applicable to the preceding month.

T.B. 203094, s. 2; T.B. 226429, s. 3; I.N. 2024-05-27.

2022-10-01

12.2.1. The actuarial value of the deferred pension referred to in section 46.1 or 54 of the Act is determined using the following actuarial method and assumptions:

Actuarial method

The actuarial method is the “benefit allocation” method.

For the Government and Public Employees Retirement Plan, the actuarial value corresponds to the sum of 25% of the actuarial value determined for a male and 75% of the actuarial value determined for a female.

For the Pension Plan of Certain Teachers, the actuarial value corresponds to the sum of 50% of the actuarial value determined for a male and 50% of the actuarial value determined for a female.

For the Pension Plan of Peace Officers in Correctional Services, the actuarial value corresponds to the sum of 55% of the actuarial value determined for a male and 45% of the actuarial value determined for a female.

Actuarial assumptions

For the purposes of section 46.1, the actuarial assumptions apply taking into account the rules of paragraph 3530.06 of subsection 3530 of the CIA Standard.

For the purposes of section 46.1 or section 54, the economic assumptions are established based on the rates and returns of bond indexes, as described in the CIA Standard, applicable to the fourth calendar month preceding the month in which the valuation took place, rather than those applicable to the preceding month.

T.B. 203094, s. 2; T.B. 226429, s. 3.

2012-09-01

12.2.1. The actuarial value of the deferred pension referred to in section 46.1 or 54 of the Act is determined using the following actuarial method and assumptions:

Actuarial method

The actuarial method is the “benefit allocation” method and the actuarial value corresponds to the sum of 30% of the actuarial value determined for a male and 70% of the actuarial value determined for a female.

Actuarial assumptio

For that section 46.1, the actuarial assumptions apply, taking into account the rules of Part D of Section 3 of the CIA Standard.

For that section 46.1 or 54, the interest rate applicable from the CANSIM series published by Statistics Canada in the Bank of Canada Review is the reported rate for the fourth month preceding the month in which the valuation date falls and not that of the second month.

T.B. 203094, s. 2.