Q-896 , 45th Parliament, 1st session May 26, 2025, to present

With regard to the Public Service Pension Plan for the current fiscal year: (a) what is the current surplus or deficit of the Public Service Pension Fund, expressed both in dollar value and as a percentage; (b) on what date did the plan first enter into a surplus position; (c) on what date did the surplus reach the level considered to be a “non-permitted surplus” under the Funding Policy for the Public Sector Pension Plans and the applicable superannuation legislation; (d) pursuant to section 7.4 of the Funding Policy, on what date did government employer contributions cease as a result of the surplus exceeding the non-permitted surplus limit; (e) on what date did government employer contributions resume, and, if applicable, what was the dollar value and percentage surplus or deficit of the plan at that time; (f) pursuant to section 7.3 of the Funding Policy, what is the current dollar value and percentage of the surplus being retained in the plan as a prudent margin, and has the President of the Treasury Board recommended overriding this normal operating practice at any time during the current fiscal year, and, if so, when; and (g) pursuant to section 7.3 of the Funding Policy, what dollar value and percentage are considered to constitute a “prudent margin”?