EC3(14) Coverage of Employee Future Benefits Make Text Larger Make Text Smaller Print This Page

Percentage

 

F2007

Percentage of pension plan liabilities funded

102

BC Hydro has a defined benefit plan for its employees. Currently, the employer contributes approximately 11 per cent of pensionable earnings and the employee contributes 6.31 per cent of pensionable earnings. The plan is a funded plan with the assets held separately in a trust for the plan members. Assets are valued at their fair market value, while liabilities are actuarially determined using management's best estimates based on Generally Accepted Accounting Principles. This is the only funded pension plan in BC Hydro; there are no pension plans in other jurisdictions. This is the first year BC Hydro has separately reported this performance measure; (as of December 31, 2006, on an accounting basis).

Last Modified: Jul 11, 2007

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