Appendix H
Employer Certification
With respect to the Report on the Actuarial Valuation for Funding Purposes as at December 31, 2019, of the Contributory Pension Plan for Employees of Transit Windsor, I hereby certify that to the best of my knowledge and belief:
- The valuation reflects the terms of the Company's engagement with the actuary described in Section 2 of this report particularly the requirement to include a margin of 0.90% in the discount rate used to perform the going concern valuation.
- A copy of the official plan documents and of all amendments made up to December 31, 2019 was provided to the actuary and is reflected appropriately in the summary of plan provisions contained herein.
- The Company has secured a letter of credit in the amount of $5,043,936 as at December 31, 2019, in respect of a portion of the minimum required solvency special payments due over the period beginning January 1, 2011, and ending December 31, 2019.The asset information summarized in Appendix B is reflective of the Plan's assets.
- The asset information summarized in Appendix B is reflective of the Plan's assets.
- The membership data provided to the actuary included a complete and accurate description of every person who is entitled to benefits under the terms of the Plan for service up to December 31, 2019.
- All events subsequent to December 31, 2019, that may have an impact on the Plan have been communicated to the actuary.