“Act” means the Pension Benefits Act;(Loi)

“actuarial gain” means an actuarial gain determined in accordance with section 8;(gain actuariel)

“actuarial loss” means an actuarial loss determined in accordance with section 8;(perte actuarielle)

“actuarial valuation report” means, in respect of a pension plan, a report prepared by an actuary in a manner that is consistent with the Recommendations for Valuation of Pension Plans adopted by the Canadian Institute of Actuaries and containing the actuary’s statement of opinion and the information required under the plan, the Act and the regulations respecting a going concern valuation and a solvency valuation;(rapport d’évaluation actuarielle)

“actuary” means, in respect of a pension plan, a fellow of the Canadian Institute of Actuaries who is appointed by the administrator, either directly or as an employee of a firm, to perform valuations and other functions required to be performed under the plan, the Act or the regulations;(actuaire)

“amount equal to the provision for adverse deviations” means the product obtained by multiplying the provision for adverse deviations by the pension plan’s going concern liabilities as of a particular review date;(montant de la provision pour écarts défavorables)

“defined benefit plan” means a pension plan the benefits of which include defined benefits;(régime de prestation déterminée)

“defined contribution plan” means a pension plan the benefits of which are defined contribution benefits;(régime à cotisation déterminée)

“escalated adjustment” means an amount by which(rajustement actualisé)

“excess employee contributions” means, in respect of the determination of the commuted value of a defined benefit, the total of the contributions that were made by a member, with interest, less the amount of the member’s total contributions required to offset the percentage of the commuted value of the pension benefit fixed by the plan or the Act to be funded by the member;(cotisations excédentaires du salarié)

“experience deficiency” means, when applied to a pension plan established before the commencement date of section 10 of the Act, any deficit determined before the commencement date at the time of a review of the plan that is attributable to factors other than(déficit actuariel)

“fully vested” means, with reference to a member of a pension plan who has not terminated employment or otherwise ceased to be a member of the plan, to have acquired an unconditional entitlement under the plan to receive(entièrement dévolu)

“going concern assets” means the value of the assets of a pension plan, including accrued and receivable income items, as of a specific review date, determined on the basis of a going concern valuation;(actifs évalués sur une base de permanence)

“going concern excess” means, in respect of a pension plan, the amount, if any, by which the going concern assets exceed the sum of the following:(excédent évalué sur une base de permanence)

“going concern liabilities” means the actuarial present value of the accrued benefits of a pension plan, including amounts due and unpaid, as of a specific review date, determined on the basis of a going concern valuation;(passifs évalués sur une base de permanence)

“going concern ratio” means, in respect of a pension plan, the quotient obtained by dividing the going concern assets by the going concern liabilities, both determined as of the review date of the most recently filed actuarial valuation report; (ratio évalué sur une base de permanence)

“going concern unfunded liability” means, in respect of a pension plan, the amount, if any, by which the sum of the following exceeds the going concern assets:(passif évalué sur une base de permanence non provisionné)

“going concern valuation” means a valuation, prepared by an actuary on the basis of actuarial assumptions and methods that are considered by the actuary to be adequate and appropriate and that are in accordance with generally accepted actuarial principles, of the assets and liabilities of a pension plan that is not expected to be wound up in whole;(évaluation sur une base de permanence)

“individual pension plan” means an individual pension plan as defined in the Income Tax Regulations under the Income Tax Act (Canada);(régime de retraite individuel)

“initial unfunded liability” means, with reference to a pension plan that (dette actuarielle initiale non provisionnée)

“insured plan” means a pension plan under which all the benefits are insured by a contract with an insurance company under which the insurance company guarantees the payment of the benefits;(régime assuré)

“maximum unlocking amount” means the lesser of(montant maximal qui n’est pas immobilisé)

“member’s retirement date” means the date on which a member of a pension plan could retire and expect to receive one hundred per cent of the benefit provided by the benefit formula fixed by the plan;(date de la retraite du participant)

“non-fixed income assets” means assets other than fixed income assets;(actif à revenu non fixe)

“normal cost” means, in respect of all or part of a period of twelve consecutive months to which an actuarial valuation report being prepared by the actuary of a pension plan pertains, the total amount resulting when the administrator applies the rate of contribution estimated by the actuary, on the basis of a going concern valuation, to be the rate required fully to fund the cost of benefits accruing under the plan for that period after the review date of the report;(coût d’exercice)

“provision for adverse deviations” means the percentage determined in accordance with sections 2.2 and 8.1 to 8.4 to be the provision for adverse deviations for the going concern liabilities of a pension plan;(provision pour écarts défavorables)

“solvency assets” means solvency assets determined in accordance with paragraph 10(2)(b) or (b.1), as the case may be;(actifs de solvabilité)

“solvency gain” means the excess of the solvency assets over the solvency liabilities;(gain de solvabilité)

“solvency liabilities” means solvency liabilities determined in accordance with paragraph 10(2)(a);(passifs de solvabilité)

“solvency ratio” means the quotient obtained by dividing the solvency assets of a pension plan by the solvency liabilities of the plan, both determined as of the review date of the most recently filed actuarial valuation report;(ratio de solvabilité)

“special payments” means payments referred to in paragraphs 36(1)(a), (b), (b.1), (b.2) and (c) and, where the employer makes scheduled dollar payments, the scheduled dollar payments under the plan and as determined in accordance with subsection 36(6);(paiements spéciaux)

“transfer assets” means, in reference to a pension plan, the total of any cash balances in the plan, any accrued and receivable income items in the plan and(actifs de transfert)

“transfer deficiency” means the amount by which the commuted value of a pension benefit exceeds the transfer value;(déficit de transfert)

“transfer ratio” means, with reference to a pension plan, the ratio of transfer assets of the plan, determined as of a given date, to the solvency liabilities of the plan, determined as of the same date;(indice de transfert)

“transfer value” means the portion of the commuted value of a pension benefit that may be transferred by the administrator of a pension plan as of a given date and is the product of (valeur de transfert)