10. 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 a summary of the amendment, the date on which the amendment occurred, and its effective date.
If additional obligations arise due to the amendment, the report must also contain the following information:
(1) the value of the additional obligations as well as the value of the target level of the stabilization provision with regard to the obligations;
(2) the special improvement payment determined pursuant to section 139 of the Act, where applicable;
(3) where applicable, the amount of the surplus assets appropriated to the payment of the value of the additional obligations;
(4) the value, determined on a solvency basis, of the additional obligations.
Where the amendment has the effect of reducing the plan’s obligations, the report must indicate the value of the reduction of the liabilities on a funding basis and on a solvency basis.
The report must also indicate the effect of the amendment, where applicable, on each piece of information required under sections 5 to 9.
In the case of a plan referred to in Chapter X.2 of the Act, the report must include a certification of the actuary that the negotiated contributions are sufficient even taking into account any additional obligations arising from the amendment, or a statement by the actuary that the contributions are insufficient.
In the case of a target-benefit plan, the report must include a certification of the actuary that the amendment does not have the effect of creating an insufficiency of contributions.
O.C. 1158-90, s. 10; O.C. 1465-96, s. 2; 1183-2017O.C. 1183-2017, s. 41; 308-2022O.C. 308-2022, s. 812.