Valuation

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The Joint Board of Trustees regularly undertakes a full actuarial valuation of the Plan as a half of its regular enterprise. An actuarial report have to be filed with the regulators in Ontario at least once every three years. The CIMVal Committee was formed in 1999 to evaluate and advise on approaches to the valuation of mineral properties.

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It is used for much less complex, developed commercial properties. Its use is unrestricted other than litigation and conduit financing. There are three ranges of high quality within the preparation of valuation reviews. The meant use of the report is a determining consider selecting which high quality stage is required. The low cost price is used to calculate the current worth of future pension benefits that the plan expects to pay to members as nicely as contributions it anticipates receiving.

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