Triennial report

(1) The triennial report shall contain the following (a) the normal cost in the year following the valuation date of the report (“the first year”) and the formula for computing normal cost in subsequent years up to the date the next report (“the following years”) is due to be submitted to the Supervisor; (b) an estimate of the normal cost in each of the following years up to the date of the next (c) a calculation of the employer’s required contributions in each of the first year and the following years in accordance with regulation 31(3); Private Pensions 43 (d) estimated total employee contributions, if any, during each of the first year and the following years up to the date of the next report; (e) the special payments to be made in accordance with regulation 31(2); (f) the present value of future special payments remaining to be paid after the valuation date; (g) information respecting escalated adjustments, if any; (h) the actuarial gain or actuarial loss in the pension plan and– (i) where there is an actuarial gain, the special payments that will amortize any decrease in a going concern unfunded liability resulting from the gain over a term not exceeding fifteen years; or (ii) where there is an actuarial loss, the special payments that will amortize any increase in a going concern unfunded liability resulting from the loss over a term not exceeding fifteen years; (i) the going concern liabilities as at the valuation date; (j) the book and market values of the pension plan assets as at the valuation date; and (k) such other information that may be required by the Supervisor. 44 Private Pensions (2) If the actuary is of the opinion that there is a solvency deficiency, the triennial report shall also set out, on the basis of a solvency valuation– (a) the amount of the solvency deficiency and the special payments required to amortize it over a term not to exceed five years; (b) any liabilities excluded from the report including escalated adjustments and prospective benefits increases; (c) an estimate of the wind up expenses; and (d) whether the transfer ratio is less than 1.00, and if it is, the transfer ratio.