Corporate

Workplace Safety & Prevention Services |24 Workplace Safety & Prevention Services Notes to Financial Statements March 31, 2019 The significant actuarial assumptions adopted in measuring the Corporation's accrued benefit obligations are as follows: 2019 % 2018 % Discount rate – net benefit cost 3.60 3.90 Discount rate – accrued obligation at year-end 3.40 3.60 Annual rates of increase Extended health-care 6.00%, decreasing by 0.25% per annum to an ultimate rate of 4.50% 6.00%, decreasing by 0.25% per annum to an ultimate rate of 4.50% Dental care 2.75% per annum 2.75% per annum Defined contribution pension plan The employer contributions made in the year amounted to $3,606,709 (2018 – $3,265,891), which are included in employee benefits in the statement of operations. 11 Internally restricted Included as part of internally restricted net assets are the following funds: x Internally restricted fund for CHSI capital expenditures The Board approved setting up an internally restricted fund as at December 31, 2012 for the Corporation's share of future capital expenditures relating to CHSI. The fund was designated based on a reserve fund study performed on CHSI in 2011. In the current year, the Corporation allocated $417,285 (2018 – $544,657) to this fund. These amounts represent the Corporation's share of CHSI's replacement reserve and unrestricted net assets. x Internally restricted for long-term plans The Board approved setting up an internally restricted fund as at December 31, 2012 to fund certain commitments and long-term plans and activities. In the current year, $295,739 was transferred from this internally restricted fund. x Internally restricted for defined benefit post-retirement plan remeasurements The Board approved an internally restricted fund as at December 31, 2015 for the amount of remeasurements and other items recognized in the statement of changes in net assets (deficiency) related to the Corporation's defined benefit post-retirement plan. In the current year, $964,600 in actuarial losses (2018 – $1,374,200) resulting from the change in benefits during the year was transferred to this fund. This fund will be used to offset future actuarial losses.

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