R-15.1, r. 6 - Regulation respecting supplemental pension plans

Section 11.2 Disposition versions

2019-12-05

11.2. The report on a partial actuarial valuation must contain the financial information provided for in the first paragraph of section 6.

Where the actuarial valuation considers for the first time an amendment to the plan that has an impact on the plan’s funding, the report must also contain

(1)  the effect of the amendment, where applicable, on the information referred to in paragraphs 1 and 2 of section 5;

(2)  the information referred to in the first paragraph of section 8 that is related to each improvement unfunded actuarial liability determined in accordance with section 134 of the Act;

(3)  the target level of the stabilization provision determined as at the date of the most recent actuarial valuation of the plan;

(4)  the information referred to in section 10 but not including the information referred to in the fourth paragraph of that section, accompanied with the actuary’s certification that, on a funding basis, the value of the additional obligations arising from the amendment was determined using the same actuarial assumptions and methods as those used during the most recent complete actuarial valuation of the plan, unless those assumptions and methods are not appropriate to the nature of the amendment;

(5)  the actuary’s certification that the funding level of the plan before the amendment is, as the case may be, less than, equal to or greater than 90%;

(6)  the degree of solvency of the plan.

Where a valuation is referred to in subparagraph 3 of the first paragraph of section 118 of the Act, the report must also contain:

(1)  for the sole purpose of gaging the effect of the purchase of annuities on plan funding, the information required under the first paragraph, established without taking into account the purchase of annuities;

(1.1)  the information referred to in section 7, determined in accordance with the second paragraph of section 11;

(2)  the information referred to in section 8 and in subparagraphs 2 to 6 of the first paragraph of section 11;

(3)  for the sole purpose of determining whether a special annuity purchasing payment must be paid in accordance with section 61.0.2, the degree of solvency of the plan as at the date of the valuation, established without taking into account the purchase of annuities;

(4)  the degree of funding of the plan as at the date of the valuation, established without taking into account the purchase of annuities;

(5)  the degree of funding and the degree of solvency of the plan established taking into account the purchase of annuities in accordance with the second paragraph of section 11;

(6)  the effect of the purchase of annuities on each piece of information required under the first paragraph, determined in accordance with the second paragraph of section 11.

Where the valuation is referred to under subparagraph 5 of the first paragraph of section 118 of the Act, the report must also contain the target level of the stabilization provision determined as at the date of the most recent actuarial valuation of the plan and the information required under section 11.1, accompanied with the certification referred to in section 146.7 of the Act.

O.C. 1183-2017, s. 4; O.C. 1107-2019, s. 4.

2018-01-04

11.2. The report on a partial actuarial valuation must contain the following information:

(1)  the financial information mentioned in the first paragraph of section 6;

(2)  the target level of the stabilization provision determined at the date of the most recent actuarial valuation of the plan.

Where the actuarial valuation considers for the first time an amendment to the plan that has an impact on the plan’s funding, the report must also contain

(1)  any adjustment made to the rule referred to in subparagraph 3 of the first paragraph of section 6 that is related to the fiscal year immediately following the actuarial valuation, to take into account the amendment;

(2)  the information referred to in the first paragraph of section 8 that is related to each improvement unfunded actuarial liability determined in accordance with section 134 of the Act;

(3)  the target level of the stabilization provision determined in accordance with Division VI.2;

(4)  the information referred to in section 10 but not including the information pertaining to section 8, accompanied with the actuary’s certification that, on a funding basis, the value of the additional obligations arising from the amendment was determined using the same actuarial assumptions and methods as those used during the most recent complete actuarial valuation of the plan, unless those assumptions and methods are not appropriate to the nature of the amendment.

Where a valuation is referred to in subparagraph 3 of the first paragraph of section 118 of the Act, the report must also contain:

(1)  for the sole purpose of gaging the effect of the purchase of annuities on plan funding, the information required under the first paragraph, established without taking into account the purchase of annuities;

(2)  the information referred to in section 8 and in subparagraphs 2 to 6 of the first paragraph of section 11;

(3)  for the sole purpose of determining whether a special annuity purchasing payment must be paid in accordance with section 61.0.2, the degree of solvency of the plan as at the date of the valuation, established without taking into account the purchase of annuities;

(4)  the degree of funding of the plan as at the date of the valuation, established without taking into account the purchase of annuities;

(5)  the degree of funding and the degree of solvency of the plan established taking into account the purchase of annuities in accordance with the second paragraph of section 11;

(6)  the effect of the purchase of annuities on each piece of information required under the first paragraph, determined in accordance with the second paragraph of section 11.

Where the valuation is referred to under subparagraph 5 of the first paragraph of section 118 of the Act, the report must also contain the information required under section 11.1, accompanied with the certification referred to in section 146.7 of the Act.

O.C. 1183-2017, s. 4.