This PDF contains the actuarial report to the Pension Board of the pension plan of The Presbyterian Church in Canada as of December 31, 2006.

This report includes three different valuations of the plan:

• A going-concern valuation, which is used to estimate the long-term cost of the plan. With this valuation, it is implicitly assumed that the Plan will continue indefinitely.
• A wind-up valuation, which is intended to reflect the status of the Plan as if it had been wound up on the valuation date and the Plan members had been provided with the benefits specified by the Plan and the Pension Benefits Act (Ontario). The purpose of this valuation is to show the degree of benefit security provided to the Plan members from the present assets of the fund. The wind-up valuation is not used to determine the required contributions to the Plan.
• A solvency valuation, which is required by the Regulations under the Pension Benefits Act (Ontario). The solvency valuation affects the required contributions to the Plan: if it reveals that there is a solvency deficiency, additional contributions must be made to the Plan.