Pension Information for Notes to Financial Statements
Circular No. 14:04
ARCS File#: 195-20
February 7, 2014
To: All Municipal and Regional District Financial Administrators, Auditors
Re: Pension Information for Notes to Financial Statemexnts
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, 2013. 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, 2012. The findings of this valuation indicate a significant change from the 2009 valuation. In addition, the Municipal Pension Plan Board of Trustees completed a review of the note in 2013 which resulted in fairly substantial wording changes to the suggested note. Further information and the actuarial report itself can be found at: www.pensionsbc.ca.
If you have any questions with respect to this note, please contact the Financial Officer assigned to your area.
Director, Local Government Finance