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

Section 35 Disposition versions

2012-09-01

35. Where the actuarial valuation determines the value of the additional obligations arising from an amendment to the plan considered for the first time, the report must contain the following information:

(1)  a summary of the amendment covered by the valuation, the date and effective date of the amendment;

(2)  the value of the additional obligations arising from the amendment, determined on a solvency basis and on a funding basis;

(3)  the certification of the actuary certifying that, on a funding basis, the value of the additional obligations arising from the amendment was estimated using the same actuarial assumptions and methods as those used during the most recent actuarial valuation of the plan, unless those assumptions and methods are not appropriate to the nature of the amendment;

(4)  where the provision for adverse deviation is calculated on the basis of estimates authorized by section 60.5 of the Regulation respecting supplemental pension plans (chapter R-15.1, r. 6):

(a)  the amount of surplus assets that may be appropriated to the payment of the value of the additional obligations arising from the amendment, determined on a solvency basis, and the amount determined on a funding basis;

(b)  a certification of the actuary certifying that a complete actuarial valuation taking into account the transfer provided for in the first paragraph of section 13 or the first paragraph of section 15 carried out at the valuation date would allow the establishment of amounts at least equal to the amounts referred to in subparagraph a;

(c)  the estimated amount of technical gains or losses and the estimated amount of the transfer provided for in the first paragraph of section 13 or the first paragraph of section 15, for the purposes of the complete actuarial valuation referred to in subparagraph b;

(5)  where the provision for adverse deviation is not calculated, a certification of the actuary certifying that, if a calculation of the provision was carried out at the valuation date, the general account of the plan would be less than the value of its liabilities;

(6)  for the improvement unfunded actuarial deficiency determined during the valuation pursuant to section 135 of the Act as replaced by section 20 or 45, as the case may be, the date on which it was determined, the date of the end of the period provided for its amortization, the monthly amortization payable until the end of that period and their funded value;

(7)  the special amortization payment determined under section 21, where applicable.

O.C. 541-2010, s. 35.