ACTUARIAL REPORT on the Pension Plan for the PUBLIC SERVICE OF CANADA as at 31 March 2017 Office of the Chief Actuary Office of the Superintendent of Financial Institutions Canada 12th Floor, Kent Square Building 255 Albert Street Ottawa, Ontario K1A 0H2 Facsimile: 613-990-9900 E-mail:
[email protected] Web site: www.osfi-bsif.gc.ca © Her Majesty the Queen in Right of Canada, 2018 Cat. No. IN3-16/10E-PDF ISSN 1701-8269 ACTUARIAL REPORT Pension Plan for the PUBLIC SERVICE OF CANADA as at 31 March 2017 7 September 2018 The Honourable Scott Brison, P.C., M.P. President of the Treasury Board Ottawa, Canada K1A 0R5 Dear Minister: Pursuant to Section 6 of the Public Pensions Reporting Act, I am pleased to submit the report on the actuarial review as at 31 March 2017 of the pension plan for the Public Service of Canada. This actuarial review is in respect of pension benefits and contributions which are defined by Parts I, III and IV of the Public Service Superannuation Act, the Special Retirement Arrangements Act and the Pension Benefits Division Act. Yours sincerely, Jean-Claude Ménard, F.S.A., F.C.I.A. Chief Actuary Office of the Chief Actuary ACTUARIAL REPORT Pension Plan for the PUBLIC SERVICE OF CANADA as at 31 March 2017 TABLE OF CONTENTS Page I. Executive Summary ............................................................................................................... 7 A. Purpose of Actuarial Report ............................................................................................. 7 B. Valuation Basis ...............................................................................................................