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Account B

 

Actuarial valuation results – Account B (Province account)

January 1, 2021 actuarial valuation results

The most recent actuarial valuation of TRAF prepared by the independent plan actuary was as at January 1, 2021, which included an assessment of the financial condition of Account B. The valuation results for Account B are summarized in the following table.

pg 27 Account B Funded Status as at Jan. 1 2018

The next actuarial valuation is scheduled to be performed as at January 1, 2024.

Actuarial valuations of the fund, including Account B, can be found here.

On a going-concern basis, as at January 1, 2021, Account B had an accrued deficit of $1,769.7 million (which is a deterioration from the $1,537.5 million accrued deficit at January 1, 2018). This equates to an accrued funded ratio of 60.0%.