Actuarial Information Summary

Retraite Québec gives guidance on certain lines of the Actuarial Information Summary as a complement to the instructions given on the form.

Note that in the form, the terms "going-concern basis" and "funding basis" are used interchangeably.

The actuarial valuation report of the plan must be accompanied by a single Actuarial Information Summary form. Therefore, even for plans that include components (such as most plans in the municipal and university sectors, as well as plans covered by the Regulation concerning certain Papiers White Birch pension plans), please complete a single Actuarial Information Summary form and present all the components, including information on members and on the valuation results.

Lines	Guidance
009 to 014a	For all plans, provide the information requested for at least 3 periods, each one corresponding to a fiscal year in the plan. The contributions entered must not be established on a monthly basis. They must cover the entire period. E.g.: For a monthly contribution of $100 for a period of 6 months, you must enter $600.
010	Include the explicit expense provision included in the employer current service contributions.
025	Indicate the rate used to determine the current service contribution.
032	For plans that include components, indicate the information regarding the most recent component. g) If applicable, include the readjustment to ensure that the limit of the best estimate of the rate of return on investments related to the maximum interest assumption is respected. h) If applicable, include the readjustment resulting from the zero return of the letters of credit.
036b ii)	The adjustment to the mortality tables corresponds to the percentage applied to the mortality rates. For example, if the mortality used is 90% of the rates, enter 90%.
050 to 064	Exclude the defined contribution component from the market value of the assets, the going-concern assets and the going-concern liabilities.
072	This line must not be omitted where the plan has defined benefits provisions and defined contribution provisions. Enter the assets of the defined contribution component.
080	Exclude the termination expense from the assets on a solvency basis.
080, 090 to 092	Include the value of annuities insured in the assets and liabilities on a solvency basis. Exclude the defined contribution component from the assets and liabilities on a solvency basis.
080 to 101	Enter the information concerning the valuation on a solvency basis and not the valuation on a hypothetical wind-up basis. On line 101, enter the additional costs for a single fiscal year. To do so, divide the additional costs by the number of fiscal years covered by the actuarial valuation report.
107	Be sure to enter the duration of the portion of the liabilities assumed to be settled through the purchase of annuities.
185	Enter the date given on the cover page of the actuarial valuation report.
188	Enter the maximum amount of surplus assets that can be allocated to fund member and employer contributions during the fiscal year following the date of the actuarial valuation.
189	Indicate the amount of the special contributions and the amount required under section 19 of the Act to foster the financial health and sustainability of municipal defined benefit pension plans . Those amounts are payable in full, in a lump-sum as of the day following the date of the valuation. Do not include the amount of amortization payments. They are payable in several instalments.
190	Enter the total amount of the letters of credit taken into account in the assets calculated on a funding basis, considering the applicable limit.
194, 198	Lines 194 and 198 must indicate the amortization payments required after deduction of the contributions paid by the reserve or by the stabilization fund.
193, 194, 196 to 198, 200 to 204	For all plans, provide the information requested for 3 periods, each one corresponding to a fiscal year of the plan. The contributions to be entered must not be established on a monthly basis. They must cover the entire period. E.g.: For a monthly contribution of $100 for a period of 6 months, you must enter $600.
Section T	This section applies to plans covered by the Regulation respecting the funding of pension plans of the municipal and university sectors, such as the Régime de retraite des centres de la petite enfance (CPE) et des garderies privées conventionnées du Québec and the Régime complémentaire de rentes des techniciens ambulanciers œuvrant au Québec.