PROVINCE OF BRITISH COLUMBIA ORDER OF THE LIEUTENANT GOVERNOR IN COUNCIL

PROVINCE OF BRITISH COLUMBIA ORDER OF THE LIEUTENANT GOVERNOR IN COUNCIL Order in Council No. 0127, Approved and Orderid VI. 31.1996 Executive Council Chambers, Victoria ffinge. Lieutenant Governor On the recommendation of the undersigned, the Lieutenant Governor, by and with the advice and consent of the Executive Council, orders that approval be given to the commissioner appointed under the Pension (College) Act to enter into an agreement with the Province of Quebec substantially in the form attached hereto. Minister of Finance and Corporate Relations Presiding Member of the Executive Council (This part is for administrative purposes only and is not part of the Order.) 1112 Authority under which Order is made: Act and section: Pgalial_Lcalega _Act, Section 12 (3) Other (specify): QP 40 UV a 'f7

p y TRANSFER AGREEMENT BETWEEN THE COMWSSION ADMINISTRATIVE DES REGIMES ue RETRAITE ET D'ASSL!RANCES AND THE GOVERNMENT OF THE PROVINCE OF BRITISH COLUMBIA (COLLEGE PENSION PLAN)

TABLE OF CONTENTS ARTICLES PAGE 1.- 2.- pefinitions fjj_gibility CRITERIA 3.- REDEMPTION OF PAST seryw,,e 2 4.- CONTRIBUTIONS EXCLUDED FROM THIS AGREEMENT.. 2 5.- EXCLUDED BENEFITS 2 6.- TRANSFERABLri AMOUNT 3 7.- RETURN TRANSFER 3 8.- RESIDUAL RIGHTS FOLLOWING A PAYMENT TO THE SPOUSE. 4 9.- COMPLIANCE WITH FISCAL LEGISLATION 4 10.- MIELIAKE_Wi tical 4 11.- EXCESS VALUE 4 12.- ADMINISTRATION 4 13.- TRANSFER OF FUNDS 5 14.- SERVICE CREDITED BY THE IMPORTING PLAN 5 15.- POSSIBILITY IP MAKE VP DIFFERENCE 5 16.- - _. a g WITH THE TERMS OF 7;Y11ae 5 17.- PRORATION OF THE AMOUNT TRANSFERRED 6 18.- SAME PERIOD OF SERVICE 6 19.- TERMINATION OF THE PLAN 6 20.- AMENDMENT OF APPENDICES 6 21.- TERMINATION OF THE AGREEMENT 6 22.- EFFECTIVE DATE 6 1 2 APPENDIX A.- Application for transfer estimate B.- Transfer estimate and Acceptance C.- Actuarial assumptions and method used by the Commission D.- The interest rates applied by the Commission E.- Actuarial method and assumptions used by the Commissioner F.- Interest rates applied by the Commissioner G.- Certification of the actuarial value H.- Data on pension adjustment

TRANSFER AGREEMENT BETWEEN: THE COMMISSION ADMINISTRATIVE DES REGIMES DE RETRAITE ET D'ASSURANCES, hereinafter referred to as "the Commission", represented for the purpose of this agreement by its President and by its Secretary, OF THE FIRST PART AND: THE GOVERNMENT OF THE PROVINCE OF BRITISH COLUMBIA, represented by the Superannuation Commissioner for British Columbia and hereinafter referred to as the Commissioner", OF THE SECOND PART Section 158 of the Act respecting the Government and Public Employees Retirement Plan, (R.S.Q., chapter R-10), authorizes the Commission to conclude a transfer agreement with an organization having a pension plan, as well at with the organization administrating such plan, for the employees covered by the Government and Public Employees Retirement Plan, the Teachers Pension Plan and the Civil Service Superannuation Plan and the Pension Plan of Certain Teachers, hereafter referred to as the RREGOP, the TPP, the CSSP and the PPCT. Subsection 3 of Section 12 of the Pension (College) Act, Chapter 317 of the Revised Statues of British Columbia, 1979, as amended, hereinafter referred to as: "the BC-CPP", authorize:: the Commissioner, with the approval of the Lieutenant Governor in Council, to enter into a reciprocal agreement with any other employer. The Lieutenant Governor in Council of British Columbia, by Order-in-Council No.... dated the... day of..., has approved of the Commissioner's entering this Agreement. The Government of Quebec, by the Decree number... dated the... day of... authorizes the Commission to conclude this Agreement. Transfers are permitted under the present agreement between the BC-CPP and the RREGOP, the TPP, the CSSP and the PPCT. 1.- DEFINITIONS In this agreement, the masculine includes the feminine. Exporting organization: Organization qualified to administer the exporting plan. tmgerting_nrnanization: Organization qualified to administer the importing plan. Exporting plan: Importing plan: PQnslon plan: Pension plan in which the person has ceased to participate and from which the transfer of the value of benefits accrued is requested. Pension plan in which a person is participating and to which the transfer of the value of benefits accrued is requested under the present agreement. A registered pension plan administered by the Exporting organization or the Importing organization.

2 2.- ELIGIBILITY CRITERIA A transfer under the present agreement shall be made in respect of a person who meets all of the following conditions: (a) Termination of employment and participation: The person has ceased to hold a position contemplated under the Exporting plan and has ceased to participate in that plan and has become employed in a position contemplated under the Importing plan. He has also been a contributor to that plan for at least 3 months before the date the Exporting organization receives his application for a transfer Estimate (Appendix A). (b) Accrued benefits: The person has service credited under the Exporting plan. (c) Personal status: The person is not eligible for an immediate pension without actuarial reduction under the Exporting plan nor in receipt of a pension from either the Exporting or the Importing plan. (d) Transfer application: The person has sent to the Exporting and the Importing organizations the Application for transfer estimate form (Appendix A). (e) Acceptance of transfer; The person has approved a transfer of funds by signing section IV of the Transfer Estimate and Acceptance form (Appendice B) and sent it to both the Exporting and the Importing organizations within 60 days from the date which appears on the covering letter sent with the transfer estimate. The 60 day mild will not be extended unless the person is able to prove that he was absolutely urable to do so for medical reasons. 3.- REDEMPTION OF PAST SERVICE A person who, at the time the Applicalion for Transfer Estimate is sent, was making payments to the Exporting organization for he purchase of past service, has one month from the date of notice from the Exporting organization to pay the outstanding amount. If part of the outstanding amount is not paid within the time limit, benefits shall be adjusted in accordance with the buy back provisions of the Exporting plan. 4.- MITIMUTIONS EXCLUDED FROM THISAWIEMIff The voluntary contributions made by a person under a federal or provincial law that applies to the Exporting plan are excluded from the present agreement. These contributions are treated according to the provisions of the Exporting plan. 5.- EXCLUDED BENEFITS The benefits accrued under a pension plan which is not registered according to fiscal authorities are excluded from the present agreement.

3 6.- TRANSFERABLE AMOUNT The transferable amount is the lesser of the following amounts: (a) Amount available for transfer in Exporting plan The actuarial value of benefits credited to the person in accordance with the terms and conditions of the Exporting plan, on the date the person ceased to participate to the plan, plus interest from that date up to the date the Exporting organization received Appendix A, at the rates prescribed in Appendix D or F as the case may be. However, the actuarial value must not be less than the value of the person's benefits that would be otherwise payable at the date of terminatio:- of participation in the Exporting plan. The actuarial value is established taking into account the annual pensionable salary on the date of termination of participation in the Exporting plan. (b) Amount reguestailplin Importing plan The actuarial valuu of benefits to be credited to the person in accordance with the terms and conditions of the Importing plan on the date the Exporting organization received Appendix A, calculated as if the total service with the Exporting organization had been accumulated with the Importing organization. The actuarial value is based of the annual pensionable salary received by the person on the date the Exporting organization received Appendix A. The actuarial values referred to in paragraphs (a) and (b) must be calculated on the basis of the age of the person and according to the actuarial assumptions and method stipulated in appendix C or "E" as the case may be. These values are accumulated with interest at the rates prescribed in appendix D or F as the case may be up to the date of payment by the Exporting organization. Moreover, when the Exporting plan or the Importing plan provides that all or a part of the benefits is based on the accumulated employee's and employer's contributions with Interest, the actuarial value is calculated in respect of those employee's or employer's contributions that are or should have begin accumulated to the credit of the person with Interest. 7.- RETURN TRANSFER Should a person return to a plan administered by the Commission after a transfer has been made to his credit pursuant to this agreement or a previous agreement and should the person request that a new transfer of these original credits and contributions be made pursuant to this agreement, then, notwithstanding article 6, the amount of those monies transferred a second or subsequent time shall not be less than the total of the two following amounts: (a) (b) f9r the years of service acquired at the time of the first transfer according to the Importing plan, the amount transferred previously and accumulated with interest since the date of the first transfer up to the date of the second transfer, according to the rates prescribed in Appendix F; and for those years of service credited in the Exporting plan, an amount calculated according to article 6. If, when the first transfer took place, the person paid an amount in addition to the amount transferred to obtain credit for pension purposes of a larger part or the total service credited in the Exporting plan, he will receive a refund from the Exporting organization of that additional amount with interest calculated according to the rates prescribed in Appendix F.

8.- RESIDUAL RIGHTS FOLLOWING A PAYMENT TO THE SPOUSE 4 If the benefits accrued under the Exporting plan have been partitioned or assigned following a marital breakdown, the amount available from the Exporting plan and the amount required by the Importing plan are reduced by the value of the benefit paid to the former spouse and by the interest accrued since the date of the payment. 9.- COMPLIANCE WITH FISCAL LEGISLATION The amount transferable by the Exporting plan must respect applicable fiscal legislation. The adjustment, if any, resulting from the application of such legislation is treated according to the terms of the Exporting plan. Moreover, the Exporting organization must provide the Importing organization with the information necessary to the application of Canadian Income Tax Act as regards retirement savings. He must therefore complete Appendix H. 10.- COM_PUPNCE WIIHIEURALANSIPRQYJNCIAL LEGISLATION. The organization which has signed this agreement with the Commission must comply with the provincial or federal legislation that applies, as the case may be, specifically as regards to the minimum rights and the solvency of the plan. 11.- EXCESS VALUE If the amount transferred by the Commission is loss than the value of the benefits to which the person would have been entitled under the Exporting plan had there been no transfer agreement, the Commission transfers the excess value into a locked-in retirement account. If the amount requested by the Commission is less than the value of the benefits to which the person would have been entitled under the Exporting plan had there been no transfer agreement, the Exporting organization deals with the difterence according to the provisions of the Exporting plan. 12.- ADMINISTRATION Upon receipt of the Application for Transfer Estimate form (Appendix A), the Exporting organization must complete Sections I and II of the Transfer Estimate and Acceptance form (Appendix 18) and send it within the following three months, along with the person's statement of contributions and an actuarial certification (Appendix G), to the Importing organization. The Importing organization has three months following its receipt to complete Section III of Appendix B and send two copies of the form to the person requesting the transfer and one copy to the Exporting organization with an actuarial certification (Appendix G). The above three-month period may be extended, if the parties agree to such an extension. 13.- TRANSFER OF FUNDS Upon receipt of the Transfer Estimate and Acceptance form (Appendix B), duly signed by the person requesting the transfer, the Exporting organization must pay the Importing organization the transfer value with interest within 60 days following the date of receipt of the form.

14.- SERVICE CREDITED BY THE IMPORTING PLAN 5 The service credited by the Importing plan following the transfer is equal to or less than the service credited under the Exporting plan. So, (a) (b) if the amount transferred is equal to the amount required by the Importing plan, the Importing plan shall recognize, for eligibility and calculation purposes, the total service credited to the person under the Exporting plan. However, no more than one year of service may be credited for a given calendar year. if the amount transferred is less than the amount requested by the Importing plan, the Importing plan shall recognize all the service for pension eligibility purposes but only a portion of the service credited to the person in the Exporting plan for pension calculation purposes. This portion will be established on the basis of the actuarial values calculated under article 6. The amount required by the Importing Plan is the same as the amount required before article 8 applied, if such is the case. POSSIBILITY TO MAKE UP DIFFERENCE A person to whom Section 14 (b) applies may elect to pay an additional amount directly to the Importing organization, in accordance with the terms of the Importing plan, for all or a part of the service not credited. When the Commission is the Importing organization and the person submits such a request after 60 days following the date a proposfltri that effect is sent to him, interest will accrue as of the 61" day, on the additional amount required. The person must then pay or have paid with interest, according to the rates specified in Appendix "D" or "F" as the case may be, in accordance with relevant fiscal legislation all or part of the difference between the actuarial value calculated according to article 6 (b) and the amount transferred to his credit. If the benefits accrued, under the Exporting plan, have been partitioned or assigned following a marital breakdown, the portion of the difference which can be attributed to that partition or assignment cannot be paid by the person who transfers. 16.- BENEFITS_ ESTABLISHED IN ACCORDANCE WITH THE TERMS OF THE IMPORTING PLAN Following the transfer of funds, benefits are determined exclusively in accordance with the provisions of the Importing plan. 17.- PRORATIatiffilliAMONIIHNISHIIRED The amount determined according to section 6 which the Exporting organization pays to the Importing organization is paid first from the person s contributions plus interest calculated according to the provisions of the Exporting plan. The balance is paid from the e-iployer's contributions. 18.- SAME PERIOD OF SERVICE When a person is credited with the same period of service under both the Exporting plan and the Importing plan, the Importing plan cannot recognize more than one year of service for a giveli calendar year considered by the transfer. The excess value, if applicable, is dealt with according to the provisions of the Importing plan. 19.- TERMINATION OR TRANSFORMATION OF THE PLAN If a pension plan is completely terminated or transformed, the organization administrating that plan must inform the other party as soon as possible.

6 20.- AMENDMENT OF APPENDICES One party may suggest, in writing, to the other party an amendment to one of the appendices provided the amendment applies to all participants of the plan. Such an amendment becomes effective three months after the date it is accepted in writing by the other party. However, an amendment will not affect a transfer for which an application is received by either party before the effective date of the amendment. 21.- 31ERmilikTIONAgjliFAQBEEALK This agreement may be terminated at any time by mutual consent of both parties or at the end of a sixty-day period following receipt of a written notice to that effect by the other party. However, all applications received before the date of termination of the agreement will he considered as if the agreement were still effective. 22.- EFFECTIVE DATE On the date of signature of this agreement, the Commission and the Commissioner agree that the agreement concluded on July 10, 1991 is terminated and is superseded by the present agreement. Nevertheless, the former agreement will apply to those who, on the date of its termination, have already sent the Application for a Transfer Estimate form. The termination of that agreement does not affect the vested rights of those who have already obtained a transfer nor the obligations created by that agreement towards them. This agreement is effective on the date of the latest of the signatures, e.i. IN WITNESS WHEREOF the parties of both parts have signed the present agreement. COMMISSION ADMINISTRATIVE DES REGIMES DE RETRAITE ET D'ASSURANCES By Michel Sanschagrin, President By Diane Bergeron, Secretary Date THE GOVERNMENT OF THE PROVINCE OF BRITISH COLUMBIA (College Pension Plan) By, Superannuation Witness Commissioner Date

APPENDIX A APPLICATION FOR TRANSFER ESTIMATE residing at (Home Address) Date of birth: SEX: M F S.I.N.: hereby request that my Exporting organization (Name of the Exporting plan _ ) and my Importing organization (Name of the Importing plan ) submit for my consideration 2 copies of a transfer estimate so that I may decide to benefit or not from the agreement concluded on. I hereby certify that I have been a member of the Importing plan for the past three months. The persona! information supplied will be handled in a confidential manner and will be given only to those persons authorized to process my application, in accordance with the legislation of my province. Name of former employer Address Name of present employer Address a Period to be transferred: Date of beginning of employment: From to NOTE: An application for a statement of benefits or for the payment of the value of benefits accrued has been submitted in the course of a separation, divorce or payment of a compensatory allowance procedure: Yes No DATE SIGNATURE A duly signed copy of this Application must be returned to each of the following addresses: The Superannuation Commissioner for the College Pension Plan 548 Michigan Street Victoria, CB V8V 4R5 Commission administrative des regimes de retraite et d'assurances Bureau du conseiller technique 2875 boulevard Lauder SAINTE-FOY, Quebec GIV 4J8

APPENDIX B TRANSFER ESTIMATE AND ACCEPTANCE This Appendix provides an evaluation of your service, contributions and amount to be transferred established following your application for transfer estimate: You must proceed as follows: 1) Check the data In Sections and II; this data was obtained from the Exporting organization; 2) Check the data contained In Section Iii; this data was obtained from the Importing organization; 3) indicate your acceptance of the transfer by signing In Section IV; 4) Return a copy of this form to each organization at the addresses Indicated at the end of this form within 60 day, from the date of this appendix's covering letter. When the transfer is completed, the Importing organization will inform you of the final data with regard your records. I.- IDENTIFICATION Date tho Exporting organization roceived the Application for transfer estimate: NAME: FIRST NAME: Sex: F M ADDRESS: CITY: PROVINCE: POSTAL CODE: SOCIAL INSURANCE NUMBER: DATE OF BIRTH:

II- ESTIMATE OF AMOUNT AyA&A.,.a.UNDIAIHEEXPA NAME: FIRST NAME: S.I.N.: - 1. Name of the Exporting plan' 2. Period of participation in the Exporting plan: from to 3. Credited service in the Exporting Plan: a) -On basis of years of service credited for eligibility and calculation Purposes:. Prior to January 1, 1966:. From January 1, 1966 to June 30, 1982:. From July 1, 1982 to December 31, 1991:. From January 1, 1992: b) -On basis of pension credit*: SUB-TOTAL (service for transfer calculation): b) -On bulb of years of service for eligibility purposes only: TOTAL OF YEARS OF SERVICE 4. Service affected by a marriage breakdown: a) Period of service affected: from to b) Number of years of service affected: c) The pension will be reduced by an amount of $ at the age of 5. Date of termination of participation in the Exporting pinn: 6. Annual pensionable salary on the date of termination of participation In the Exporting plan: 7. Cumulated contributions on the date Application for transfer estimate was received: a) -Without interest: b) -With interest: 8. Transferable amount: Transferable amount if there has been such a partition: 9. Benefits if you do not accept the transfer: a) Reimbursement of contributions: OR Transfer In a locked-in retirement account: b) Deferred pension payable at age (approximate): AND *Pension credit payable at age Prepared by Date

III.- ESTIMATE OF THE AMOUNT REQUIRED BY THE IMPORTING PLAN NAME: FIRST NAME: S.I.N.:_ - 1. Name of the Importing plan 2. Date employment began 3. Date of enrollment In the plan 4. Annual pensionable salary on the date Exporting organization received Appendix A: $ 5. Amount required: Amount required after consideration of pension credit splitting followwing marital breakdown: 6. Amount transferable to the Importing Plan: 7. If you accept the transfer, the following will be credited to you in view of the amount transferable: a) If the amount transferred is the amount required or, if it is less and you pay the difference: -Credited service (In years):.for pension eligibility and calculation purposes:.for pension eligibility purposes only: -Service not credited because of service overlapping: b) If the amount transferred is less than the amount required and you do not pay the difference: -Credited service (in years):.for pension calculation purposes:.for pension eligibility purposes only: -Service not credited because of service overlapping: -Service not credited because of pension credit splitting following marital breakdown: c) Contributions accumulated with interest: Prepared by Date

2. Date employment began 3. Date of enrollment in the plan' 4. Annual pensionable salary on the date Exporting organization received Appendix A: I 5. Amount required: $ Amount required after consideration of pension credit splitting followvsing marital breakdown: S 6. Amount transferable to the Importing Plan: $_ 7. If you accept the transfer, the following will be credited to you In view of the amount transferable: a) if the amount transferred Is the amount required or, if It Is less and you pay the difference: -Credited service (In years):.for pension eligibility and calculation purposes:.for pension eligibility purposes only: -Service not credited because of service overlapping: b) If the amount transferred is less than the amount required and you do not pay the difference: -Credited service (in years): for pension calculation purposes:.for pension eligibility purposes only: -Service not credited because of service overlapping:, P -Service not credited because of pension credit splitting following marital breakdown: c) Contributions accumulated with Interest: $ Prepared by Date

IV.- ACCEPTANCE NAME: FIRST NAME: S.I.N. - I hereby agree to the transfer of acquired rights credited to me under the Exporting plan (Name of the plan) to the Importing plan (Name of the plan) I understand that the information provided in Sections II and III of this Appendix is an estimate* and that the final amounts will be determined at the date of transfer of funds to the Importing Plan. A confirmation of the values and service credits to which I am entitled will be provided to me at that time. In consideration of the payment made by the Exporting organization to the Importing organization, I hereby release the administrator of the Exporting plan from any responsibility towards me. I also understana that if the amount transferred is less than the amount required by the Importing plan to recognize all the pensionable service credited to me under the Exporting plan, I am entitled to purchase all or part of the difference, in a lump sum or in such other manner as the Importing organization may determine, in accordance with the fiscal legislation that applies. In witness whereof I have signed this on Date Signature A duly signed copy of this form must be returned icielagli of the foliowing addresses within the time limit specified at the beginning of this appendix. The Superannuation Commissioner for the College Pension Plan 548 Michigan Street Victoria, CB V8V 4R5 Commission administrative des regimes de retraite et d'assurances Bureau du conseiller technique 2875, boulevard Laurier SAINTE-FOY, Quebec G1V 4J8 * The word "estimate" is used since interest will be added to the transferable amount between the date the estimate has been calculated and the date the payment is made. In certain cases, substantial differences in interest rates may cause an increase of the amount to be paid thereby reducing the number of years of service credited for pension calculation purposes.

APPENDIX C ACTUARIAL ASSUMPTIONS AND METHOD USED BY THE COMMISSION ADMINISTRATIVE DES REGIMES DE RETRAITE ET D'ASSURANCES I.- Actuarial method : The actuarial method used is the "Projected unit credit actuarial cost method". Actuarial assumptions for benefits based on the salary of the bestpaid years and pension credits not acquired according to section 95 of the Act ielpectingthesseyernerniffili0dbaldemody214 Retirement Plan (RREGOP) : 1) Mortality: GAM-83 males and GAM-83 females, equally prorated. 2) Annual interest rate: 9.0% for the first 15 years following the valuation date and 6.5% for the following years. 3) /Mouel rate of increase of the pensions index: 5.5% for the first 15 years following the valuation date and 3.0% foi the following years. 4) Annual rate at increase of the defined benefit limit according to the Income Tax Regulations over the increase of tie pensions Index: 0.5% a year, beginning in 1996. 5) Annual rate of Increase of the salary scale and of the maximum pensionable earnings over the Increase of the pensions Index: Age Rat 18 to 30 2.5% 31 to 45 1.5% 46 and over 0.5% 6) Withdrawal rate: Nil 7) Disability rate: Nil 8) Proportion of participants with a spouse at the time of their death: 60% 9) Age of spouse: the spouse's age is the same as the member's 10) Age at retirement: the age on the date the person would have otherwise reached 35 years of service, which cannot be before age 60, nor after age 65 (age 62 instead of age 65 when Section 10.1 of RREGOP applies to the person). Nevertheless, if the person chooses to transfer service to a plan administered by the Commission, once he is eligible for a pension without actuarial reduction or it the transfer qualifies him for such a pension, the Commission will presume that he will choose to retire six months after the date of the estimation of the amount transferable. Actuarial assumptions used to calculate benefits granted In the form witialpiwn credit according to section 95 of the Act respecting the GoyemmentendpmtacEmelgyeee_Retirement Plan The actuarial assumptions are those used to establish the rates mentioned in Schedule IV of the Act respecting the Government and Public Employees Retirement Plan.

APPENDIX D THE INTEREST RATES APPLIED BY Iftef;OMMISSIQRAMINIMAllyE DES REGIMES DE RETRAITE ET D'ASSURANCES I.- Interest rate : - before April 1, 1975 7.25% - from April 1, 1975 to April C)0, 1976 9.04% - from May 1, 1976 to April 30, 1977 9.19% - from May 1, 1977 to April 30, 1978 9.62% - from May 1, 1978 to April 30, 1979 8.88% - from May 1, 1979 to April 30, 1980 9.47% - from May 1, 1980 to June 30, 1981 11.38% - from July 1, 1981 to April 30, 1962 10.61% - from May 1, 1982 to April 30, 1933 12.60% - from May 1, 1983 to April 30, 1984 11.02% - from May 1, 1984 to April 30, 1985 10.97% - from May 1, 1985 to April 30, 1986 10.81% - from May 1, 1986 to April 30, 1987 12.74% - from May 1, 1987 to April 30, 1988 12.78% - from May 1, 1988 to April 30, 1939 12.35% - from May 1, 1989 to July 31, 1990 9.33% - from August 1, 1990 to July 31, 1991 12.01% - from August 1, 1991 to July 31, 1992 7.92% - from August 1, 1992 to July 31, 1993 9.48% - from August 1, 1993 7.22% The last rate applies until it is revised by the Commission. II.- Method of calculation: Calculations are made from the beginning of the month following the date used to establish the actuarial value up to the dnd of the month during which the payment is made.

AM MOLE ACTUARIAL METHOD AND ASSUMPTIONS USED BY MEIMEEHANNUMMLUMMLUMNEW FOR THE COLLEGE PENSION PLAN 1) Mortality: Progressive Annuity Table - males rated down four years, females rated down four years 2) Annual Interest rate: 6.5%. 3) Annual rate of Indexation In post retirement period: 2.5%. 4) Salary Scale and YMPE Growth Rate: 4.5%. 5) Withdrawal Rate: Nil. 6) Disability rate: Nil. 7) Retirement Age: 62 or actual age if person is over age 62. Based on Actuarial Valuation at August 31, 1991.

APPENDIX F INTEREST RATES APPLIED BY THE SUPERANNUATION COMMISSIONER FOR THE COLLEGAMOIMPIM 1.- Interest rates - from September 1, 1970 to August 31, 1971 6.62% - from September 1, 1971 to August 31, 1972 7.19% - from September 1, 1972 to August 31, 1973 7.05% - from September 1, 1973 to August 31, 1974 7.11% - from September 1, 1974 to August 31, 1975 7.29% - from September 1, 1975 to August 31, 1976 7.56% - from September 1, 1976 to August 31, 1977 8.54% - from September 1, 1977 to August 31, 1978 8.99% - from September 1, 1978 to August 31, 1979 9.03% - from September 1, 1979 to August 31, 1980 9.43% from September 1, 1980 to August 31, 1981 from September 1, 1981 to August 31, 1982 from September 1, 1982 to August 31, 1983 from September 1, 1983 to August 31, 1984 from September 1, 1984 to August 31, 1985 10.21% 12.19% 13.54% 11.28% 10.34% from September 1, 1985 to August 31, 1986 10.77% from September 1, 1986 to August 31, 1987 9.89% from September 1, 1987 to August 31, 1988 9.12% from September 1, 1988 to August 31, 1989 9.24% from September 1, 1989 to August 31, 1990 10.37% from September 1, 1990 to August 31, 1991 10.28% from September 1, 1991 to August 31, 1992 9.59% from September 1, 1992 to August 31, 1993 7.70% from September 1, 1993 to August 31, 1994 7.75% from September 1, 1994 to August 31, 1995 10.90% since September 1, 1995 10.90% Rater apply until a new rate is established by the Superannuation Commissioner. II. Method of salotilliten Calculations are made from the beginning of the month following the date used to establish the actuarial value to the end of the month in which the payment is made.

APPENDIX Q CERTIFICATION OF THE ACTUARIAL VALUE (name of organisation) NAME OF PERSON Social Insurance number: Date of birth: DATE: SERVICE CREDITED UNDER THE EXPORTING PLAN PENSION FOR CALCULATION PURPOSES: SERVICE CREDITED FOR PENSION ELIGIBILITY PURPOSES ONLY UNDER THE EXPORTING PLAN: YEARS YEARS Complete Part A or B: A. EXPORTING ORGANIZATION 1 End of participation: 2 Anne ial Salary at the end of participation: 3 Actuarial factor used: 4 Actuarial value at the end of participation: 5 Actuarial value plus interest on the date of application (equal to 2 X 3 X years of service credited for calculation purposes): B. IMPORTING ORGANIZATION 1 Date of enrollmei.t in plan: 2 Salary on date of application: 3 Actuarial factor used: 4 Actuarial value on the date of application (equal to 2 X 3 X years of service credited for eligibility and calculation purposes): $ I hereby certify that according to the above information, the actuarial value of the payments conforms with the actuarial assumptions descrioed in the agreement involved. Name of actuary (In block letters) Signature Date:

APPENDIX Ft DATA ON PENSION ADJUSTMENT (To be completed by the Exporting organisation) NAME OF PERSON' SOCIAL INSURANCE NUMBER: I - Data on the Pension Adjustment Pensionable Credited PA' attributed PSPA' attributed ThE Eeminge_ Service to the person IQ the person 1990 1991 1992 1993 1994 1995 etc... II - Pension adjustment for the year the person ceased to participate in the Exporting plan 1. During the year the person ceased to participate in the Exporting plan, did the person obtain a PA corresponding to the contributions paid during that year? YES NO 2. If so, what is the value of that PA? Ill- Amcunt transferred into another pension plan or into a registered retirement savings plan (RRSP) 1. Excluding the present transfer, will the person roceive an additionnal lump sum payment transferable into another pension plan or into an RRSP? 2. If so, what is the amount of that payment? 1 The pensionable earnings should correspond to the contributed or deened earnings in the plan 2 PA: Pension Adjustment 3 PSPA: Past Service Pension AdjustrI;ent