R-15.1, r. 1.3 - Regulation respecting the funding of defined-benefit pension plans of the municipal and university sectors

Section 53 Disposition versions

2024-02-22

53. The part of the report related to a complete actuarial valuation that concerns the prior component must, in addition, contain the following information:

(1)  regarding the provision for adverse deviation of the prior component determined pursuant to sections 14 to 16:

(a)  its amount and the amount of “R”, “S” and “D”;

(b)  “dR” and the actuarial assumptions and methods used to determine it;

(c)  the amount determined in accordance with paragraph 1 of “V” of section 15 and the amount of “dM” of that section;

(2)  regarding the reserve:

(a)  the reconciliation of the reserve since the previous complete actuarial valuation, specifying the inflows and outflows, including those at the date of the actuarial valuation;

(b)  the amount of the actuarial gains determined at the date of the actuarial valuation in accordance with section 36 and the amount of additional contributions, technical gains or losses and other actuarial gains forming them;

(c)  if applicable, an estimate of the amounts of the reserve that will be used, for each fiscal year following the date of the actuarial valuation, to pay part of the amortization payments related to the technical actuarial deficiency;

(d)  the balance of gains recorded in the reserve pursuant to the first paragraph of section 14 of the Act to foster the financial health and sustainability of municipal defined-benefit pension plans (chapter S-2.1.1);

(3)  the rules concerning the deferment of contributions provided for in the funding policy;

(4)  the balance of the municipal bonds at the date of the actuarial valuation remitted to the pension fund pursuant to section 255 of the Act to amend various legislative provisions concerning municipal affairs (2004, chapter 20);

(5)  whether a stabilization contribution is paid pursuant to section 17 of the Act respecting the restructuring of university-sector defined-benefit pension plans (chapter R-26.2.1):

(a)  stabilization contributions projected for the fiscal year or part of the fiscal year immediately following the actuarial valuation;

(b)  the rule used to determine the stabilization contributions for the fiscal year or part of the fiscal year referred to in subparagraph a and for the 2 subsequent fiscal years;

(c)  the amounts to be paid respectively by the employer and by the active members for each fiscal year or part of the fiscal year referred to in subparagraph b.

O.C. 46-2024, s. 53.

Not in force

In force: 2024-02-22

53. The part of the report related to a complete actuarial valuation that concerns the prior component must, in addition, contain the following information:

(1)  regarding the provision for adverse deviation of the prior component determined pursuant to sections 14 to 16:

(a)  its amount and the amount of “R”, “S” and “D”;

(b)  “dR” and the actuarial assumptions and methods used to determine it;

(c)  the amount determined in accordance with paragraph 1 of “V” of section 15 and the amount of “dM” of that section;

(2)  regarding the reserve:

(a)  the reconciliation of the reserve since the previous complete actuarial valuation, specifying the inflows and outflows, including those at the date of the actuarial valuation;

(b)  the amount of the actuarial gains determined at the date of the actuarial valuation in accordance with section 36 and the amount of additional contributions, technical gains or losses and other actuarial gains forming them;

(c)  if applicable, an estimate of the amounts of the reserve that will be used, for each fiscal year following the date of the actuarial valuation, to pay part of the amortization payments related to the technical actuarial deficiency;

(d)  the balance of gains recorded in the reserve pursuant to the first paragraph of section 14 of the Act to foster the financial health and sustainability of municipal defined-benefit pension plans (chapter S-2.1.1);

(3)  the rules concerning the deferment of contributions provided for in the funding policy;

(4)  the balance of the municipal bonds at the date of the actuarial valuation remitted to the pension fund pursuant to section 255 of the Act to amend various legislative provisions concerning municipal affairs (2004, chapter 20);

(5)  whether a stabilization contribution is paid pursuant to section 17 of the Act respecting the restructuring of university-sector defined-benefit pension plans (chapter R-26.2.1):

(a)  stabilization contributions projected for the fiscal year or part of the fiscal year immediately following the actuarial valuation;

(b)  the rule used to determine the stabilization contributions for the fiscal year or part of the fiscal year referred to in subparagraph a and for the 2 subsequent fiscal years;

(c)  the amounts to be paid respectively by the employer and by the active members for each fiscal year or part of the fiscal year referred to in subparagraph b.

O.C. 46-2024, s. 53.