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Ontario

Clicking the Parameters button for an Ontario applicable provincial law selection under the Minimum Funding Amortization Bases topic leads you to additional parameters that you must specify.

Check the box to Apply the Stronger, Fairer Ontario Act to reflect the updated pension legislation effective May 2018.

If this box is checked, enter the parameters for the Provision for Adverse Deviation (PfAD). Enter the PfAD as a percentage. The PfAD may be modified in the future years of a Deterministic Forecast by entering the PfAD applicable on the Future Valuation Interest Rates topic of Deterministic Assumptions, or in a Stochastic Forecast by entering the necessary parameters in the Provision for Adverse Deviations topic of Stochastic Assumptions. Also select whether to apply PfAD to the Ongoing liability or the Non-Indexed liability. If the Non-Indexed liability is selected, the Non-Indexed liability must be calculated in the underlying Valuations or Core Projections. For more information, see Liability Methods.

Also select whether a required Contribution Holiday should be determined based on the solvency or windup liability basis.