60.9. The duration of the assets is determined by the actuary who is responsible for carrying out the actuarial valuation. It is equal to the total of the durations of each of the fixed-income investments provided for in the investment policy, regardless of the minimum ratings or the upper limits provided for in section 60.8, weighted on the basis of the target determined for that investment in the policy.
The duration of each investment is established according to the benchmark index provided in the investment policy for the investment. The duration of an investment for which no index is provided in the investment policy is calculated by the person or body who invests any part of the plan’s assets.
The duration attributed to an investment in infrastructure or in immovables (real estate) shall not exceed 6.
O.C. 608-2016, s. 21; O.C. 1107-2019, s. 201.