Pension Information for Notes to Financial Statements
Circular No. 11:02
ARCS File#: 195-20
To: All Municipal and Regional District Financial Administrators, Auditors
February 9, 2011
Re: Pension Information for Notes to Financial Statements
Attached is an update of the recommended pension note to the financial statements of local governments in the Province of British Columbia for December 31, 2010. Two note options are provided. Please choose the one that best meets the needs of your local government.
An actuarial valuation was performed as at December 31, 2009. The findings of this valuation indicate a considerable change from 2006, requiring significant changes to the suggested note. Further information and the actuarial report itself can be found at:
If you have any questions with respect to this note, please contact the financial officer assigned to your area.
Original signed by:
Talitha Soldera, CGA
Director, Local Government Finance