65. The statement provided for in section 207.3 of the Act must contain, in addition to the information prescribed in that section, the following information:
(1) the information referred to in paragraphs 2 to 10 of section 58, determined or updated at the date of termination;
(2) the assets and liabilities as well as the surplus or deficiency of the pension plan’s assets indicated in the termination report, the information, in the case of a plan other than a target-benefit plan, that must be indicated for the employer to whom the member or beneficiary to whom the statement is addressed is connected;
(3) except for a target-benefit plan, where there is a deficiency of assets, the measures put into place to cause the amounts due to the pension fund to be paid by the employer concerned;
(4) except for a target-benefit plan, the information referred to in subparagraph 8.2 and in subparagraphs 9 to 11 of the first paragraph of section 64 relative to the member or beneficiary or to the employer with whom he is connected;
(5) except for a target-benefit plan, where the surplus assets of the plan are allocated in whole or in part to the members and beneficiaries in application of section 230.2 of the Act:
(a) an estimate of the portion of the surplus assets that is allocated to the member or beneficiary at the date of termination;
(b) the proportion of the surplus assets that is allocated to the member or beneficiary at the date of termination.
The statement for a member or beneficiary under a target-benefit plan must also include:
(1) where applicable, the value of the member’s benefits that corresponds to the amount allocated to the member pursuant to the second paragraph of section 146.98 of the Act;
(2) if the member’s or beneficiary’s annuity is in payment at the termination date:
(a) an estimate of the annuity that could be purchased from an insurer and a mention that the purchased annuity could differ;
(b) the applicable payment method in accordance with the second paragraph of section 146.95 of the Act if the member or beneficiary does not provide his or her choices to the pension committee.
The estimate referred to in subparagraph a of subparagraph 2 of the second paragraph must be calculated based on the premium established using the assumptions for hypothetical wind-up and solvency valuations established by the Canadian Institute of Actuaries as they apply on the date on which the statement was prepared, increased by a margin that allows for any possible variation in the cost of purchasing the annuity between that date and the probable date of payment.
O.C. 1158-90, s. 65; O.C. 1895-93, s. 4; O.C. 173-2002, s. 57; 1183-2017O.C. 1183-2017, s. 4512; 308-2022O.C. 308-2022, s. 5411.