C-52.1, r. 1 - Regulation respecting the partition and assignment of benefits accrued under the pension plan of the Members of the National Assembly

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6. In this section, “CIA Standards” refers to the standards of practice entitled “Practice-Specific Standards for Pension Plans - 3800 Pension Commuted Values” of the Canadian Institute of Actuaries, in force since 1 February 2005 and periodically revised.
The actuarial value of benefits is determined by using the “distribution of benefits” method and corresponds to the sum of 80% of the actuarial value determined for a male and 20% of the actuarial value determined for a female.
The actuarial value is also determined by using the following actuarial assumptions:
(1)  mortality rates:
The mortality rates are those determined in accordance with the CIA Standards.
(2)  interest rates:
(a)  the interest rates for fully-indexed benefits or non-indexed benefits are those determined in accordance with the CIA Standards;
(b)  the interest rates for partially-indexed benefits are determined according to the following formula:
((1 + interest rate for a non-indexed benefit)/(1 + indexing rate for a partially-indexed benefit)) - 1
The result must be adjusted in accordance with the CIA Standards.
(3)  indexing rate:
(a)  for a benefit fully indexed according to the rate of increase in the Pension Index, the indexing rate is computed in the manner described in the CIA standards;
(b)  for a benefit indexed according to the excess of the rate of increase in the Pension Index “PI” over 3% or by half the rate of increase in the Pension Index, the indexing rate corresponds to the excess of the indexing rate computed in the manner provided for in subparagraph a over 3% or, as applicable, to half the indexing rate computed in the manner provided for in that subparagraph.
In order to take inflation rate variations into account, the following additions are made to the results of effective indexing formulas for actuarial value computation purposes:


Inflation Addition to Adjusted Addition to Adjusted
level result of indexing rate result of indexing rate
PI-3% 50% PI
formula formula, min.
PI-3%


0.5 0.1 0.1 0.05 0.3


1.0 0.1 0.1 0.10 0.6


1.5 0.3 0.3 0.15 0.9


2.0 0.5 0.5 0.20 1.2


2.5 0.7 0.7 0.15 1.4


3.0 1.0 1.0 0.20 1.7


3.5 0.8 1.3 0.25 2.0


4.0 0.6 1.6 0.30 2.3


4.5 0.5 2.0 0.45 2.7


5.0 0.4 2.4 0.50 3.0

(4)  turnover rate: Nil
(5)  disability rate: Nil
(6)  proportion of married persons at death:


Age Male Female


18-64 years 85% 65%


65-79 years 80% 30%


80-109 years 60% 10%


110 years 0% 0%

(7)  age difference between spouses at death:
(a)  the male spouse of the Member is presumed to be 1 year older;
(b)  the female spouse of the Member is presumed to be 4 years younger.
Decision 1611-1, s. 6.