By 2001, the Fund had been in an actuarially determined surplus position for a number of years.

What we did say was that there may be potentially an actuarial surplus in the fund and that actuarial surplus would have to be determined by the court.

Available actuarial surplus" is defined as the portion of a pension plan's surplus that is determined in accordance with the regulations.

Available actuarial surplus” is defined as the portion of a pension plan’s surplus that is determined in accordance with the regulations.

Available actuarial surplus" is defined as the portion of a pension plan's surplus that is determined in accordance with the regulations.

If the plan documentation and legislation permit them, then contribution holidays can be taken for as long as the plan is in a state of actuarial surplus.

Available actuarial surplus” is defined as the portion of a pension plan’s surplus that is determined in accordance with the regulations.

The legislation clearly permits an employer to take contribution holidays when a pension fund is in a state of actuarial surplus.

The report or cost certificate must show that there is still sufficient available actuarial surplus.

Mr. Speaker, the minister has said many times in the House that he is absolutely willing to look at the fund to see if there is an actuarial surplus and it is established by the court, that the surplus be used for the best use possible.

(2) Any available actuarial surplus not applied under subsection (1) may be applied to pay the annual assessment to the Guarantee Fund otherwise required by subsection 37 (1) to be paid by the employer.