Pension Information for Notes to Financial Statements
Circular No. 16:05
ARCS File#: 195-20
February 22, 2016
To: All Municipal and Regional District Financial Administrators, Auditors
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, 2015. Two note options are provided. Please choose the one that best meets the needs of your local government.
There are a few minor changes from the 2014 note including an adjustment to the number of active members from 182,000 to 185,000 and the number of retired members from 75,000 to 80,000. 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