Members of Parliament Retiring Allowances Act (R.S.C., 1985, c. M-5)

Marginal note:Valuation report

• 65 (1) In accordance with the Public Pensions Reporting Act, a cost certificate, a valuation report and an assets report relating to the Retiring Allowances Account shall be prepared, filed with the Minister designated under that Act and laid before Parliament.

• Marginal note:Review date

  (2) Notwithstanding subsection 3(3) of the Public Pensions Reporting Act, for the purposes of subsection (1), the review date as of which an actuarial review of the Retiring Allowances Account must be conducted for the purposes of the first valuation report completed after the coming into force of this subsection is March 31, 1995 instead of the date determined under subsection 3(3) of that Act, and thereafter the review dates must not be more than three years apart.

Marginal note:Valuation report

• 66 (1) A cost certificate, a valuation report and an assets report relating to the Compensation Arrangements Account shall be prepared, filed with the Minister and laid before Parliament in accordance with the Public Pensions Reporting Act as if the retirement compensation arrangements provided for by Parts II and III were pension plans established under an Act referred to in subsection 3(1) of that Act.

• Marginal note:Review dates

  (2) For the purposes of subsection (1), the review date as of which an actuarial review of the Compensation Arrangements Account must be conducted for the purposes of the first valuation report is March 31, 1995, and thereafter the review dates must not be more than three years apart.

Marginal note:Report to Parliament

67 The Minister shall, as soon as possible after the end of each fiscal year, lay before Parliament a report on the administration of this Act during the preceding fiscal year, including a statement of the amounts received by way of contributions and interest under this Act, the amounts paid under this Act by way of allowances or other benefits, the number of contributors, the number of persons receiving any allowance or other benefit, and such other information as is prescribed.