Supporting Documentation: Summary of transactions in public sector pensions that resulted in charges to expenses, as per the Public Accounts of Canada

General Notes

Notes:

• Amounts presented in this dataset are in millions of dollars.
• The title of the dataset was changed from “Summary of transactions in public sector pensions that resulted in charges to expenditures” to “Summary of transactions in the public sector pensions that resulted in charges to expenses” in FY 2018/2019.
• The dataset includes the column “CATEGORY” to sort the various accounts according to their funded or unfunded nature because the reporting format was modified accordingly in 2012/2013.
• The blank cells in this dataset are due to the following:
  • Name changes for elements under header “TYPE_EN”
  • Deletion of inactive elements under header “TYPE_EN”
  • Addition of an entity without details on specific pension accounts
• Under the header “ACCOUNT”, element “Public Service Superannuation Account” includes payments under Supplementary Retirement Benefits Act and various acts.

Data reported for 2013/2014 to 2014/2015 and 2017/2018 to 2022/2023

Note: Amounts related to element “Actuarial adjustments” represents actuarial adjustments to amortize deficiencies and excesses.

Data reported for 2013/2014 to 2022/2023

Note: Amounts related to element “Costs recorded in previous years” represent the reversal of costs already recorded in the allowance for pension adjustments of previous years.

Data reported for 2014/2015 to 2016/2017

Notes:

• The following elements include consolidated Crown corporations and other entities’ contributions to their pension plans and statutory payments made to beneficiaries:
  • CATEGORY: “Funded pension benefits”
    • Entity: “Consolidated Crown corporations and other entities”
  • CATEGORY: “Unfunded pension benefits”
    • ACCOUNT: “Defence Services Pension Continuation Act ”, “Royal Canadian Mounted Police Continuation Act”, “Judges Act”, and “Other (diplomatic services, lieutenant governors, etc.)”
• Under the header “TYPE_EN”, element “Government contributions” was modified to read “Government contributions and other”.
• The term “other” in element “Government contributions and other” includes consolidated Crown corporations and other entities’ contributions to their pension plans and statutory payments made to beneficiaries.

Data reported for 2015/2016 to 2016/2017

Note: Amounts related to element “Actuarial adjustments” represent actuarial adjustments to amortize deficiencies.

Data reported for 2017/2018 to 2022/2023

Note:The term “other” in element “Government contributions and other” includes consolidated Crown corporations and other entities’ contributions to their pension plans, as well as statutory payments made to beneficiaries under the Defence Services Pension Continuation Act, the Royal Canadian Mounted Police Continuation Act, the Judges Act, and other acts regarding diplomatic services, lieutenant governors, etc.

Data reported for 2012/2013

Notes: Under the header “TYPE_EN”:

• element “Current service cost adjustments” was modified to read “Adjustment”
• element “Pension plan amendment costs” was modified to read “Plan amendments”
• element “Amortization of estimation adjustments” was modified to read “Actuarial losses (gains) recognized”
• element “Net pension interest expenses” was modified to read “Net interest expense”

Data reported for 2013/2014

Notes:

• Under the header “TYPE_EN”:
  • element “Funding of actuarial liability services” was modified to read “Actuarial adjustments”
  • element “Plan amendments” was removed due to absence of transactions
  • element “Costs already recorded in the allowance for pension adjustments of previous years” was modified to read “Costs recoded in previous years”

Data reported for 2014/2015

Notes:

• Under the header “2013/2014-COMP”, a significant class of pension benefits related to comparative figures for consolidated Crown corporations and other entities was reclassified from other accounts payable and accrued liabilities to public sector pensions.
• Under the header “CATEGORY”:
  • element “Funded pension plans” was corrected to read “Funded pension benefits”
  • element “Unfunded pension plans” was corrected to “Unfunded pension benefits”
• Under the header “TYPE_EN”:
  • element “Government contributions” was modified to “Government contributions and other”
  • element “Plan curtailment”, initially presented as element “Plan amendments”, was re-introduced

Data reported for 2015/2016

Note: Under the header “TYPE_EN”, element “Plan curtailment” was changed to read “Plan amendments”.

Data reported for 2016/2017

Note: Under the header “TYPE_EN”, element “Plan amendments”, previously “Plan curtailment”, was changed to read “Plan amendments/curtailments”.

Data reported for 2017/2018

Note: Comparative figures for certain unfunded pension benefit related elements have been restated. Details on the restatement can be found in Note 2 in Section 2 of Volume I of the Public Accounts of Canada.

Data reported for 2018/2019

Notes:

• Under the header “Account”, element “Retirement Compensation Arrangements (RCA) Account” was changed to read “Retirement Compensation Arrangement Accounts”.
• Under the header “TYPE_EN”, element “Plan amendments/curtailments” was changed to read “Plan curtailments”.

Data reported for 2020/2021

Notes:

• Under the header “2016/2017-COMP”, amounts were corrected to present restated figures as published in Volume I of the Public Accounts of Canada 2018.

A formula error in the initial spreadsheet had erroneously modified these figures in the portal’s source documents for 2019 and 2020.

• Under the header “TYPE_EN”, element “Valuation allowance” for entity “Consolidated Crown corporations and other entities” was moved in the dataset to be presented before “Actuarial losses (gains) recognized” as per the Public Accounts of Canada publication.

Data reported for 2021/2022

Notes: In English datafile only, the data in row :

• Under the header “TYPE_EN”, elements “Funding of actuarial liability adjustment” for “Canadian Forces Pension Fund Account”, “Members of Parliament Retirement Compensation Arrangements Account” and “Retirement Compensation Arrangement Accounts” were merged with the data in the row “Funding of actuarial liability services” to be presented under “Funding of actuarial liability adjustment” for the fiscal year 2012/2013 in order to be consistent with the French version.

Data reported for 2022/2023

Notes:

• In the English datafile only, the row associated with a CATEGORY of “Funded pension benefits”, an ACCOUNT of “Reserve Force Pension Fund Account” and a TYPE-EN of “Costs recorded in previous years” previously had a type-o of “"TY” under the header ENTITY. This type-o has now been removed.
• Under the CATEGORY of “Unfunded pension benefits”, the ACCOUNT of “Supplementary Retirement Benefits Account” now contains additional break-out values under the TYPE_EN header, including:
  • “Statutory payments”,
  • “Current service cost adjustments”,
  • “Adjustment”,
  • “Funding of actuarial liability services”,
  • “Actuarial Adjustments”,
  • “Costs already recorded in the allowance for pension adjustments of previous years”,
  • "Costs recorded in previous years”,
  • “Pension plan amendment costs”,
  • “Plan curtailments”,
  • “Plan amendments”,
  • “Amortization of estimation adjustments”, and
  • “Actuarian losses (gains) recognized”.
• Under the CATEGORY of “Unfunded pension benefits”, the ACCOUNT of “Judges Act” now contains additional break-out values under the TYPE_EN header, including:
  • “Government contributions”,
  • “Funding of actuarial liability services”,
  • “Actuarial Adjustments”,
  • “Costs already recorded in the allowance for pension adjustments of previous years”,
  • "Costs recorded in previous years”,
  • “Pension plan amendment costs”,
  • “Plan curtailments”, and
  • “Plan amendments”.
• Under the CATEGORY of “Unfunded pension benefits”, the ACCOUNT of “Other (diplomatic services, lieutenant governors, etc.)” now contains additional break-out values under the TYPE_EN header, including:
  • “Government contributions”,
  • “Current service cost adjustments”,
  • “Adjustment”,
  • “Funding of actuarial liability services”,
  • “Actuarial Adjustments”,
  • “Costs already recorded in the allowance for pension adjustments of previous years”,
  • "Costs recorded in previous years”,
  • “Pension plan amendment costs”,
  • “Plan curtailments”,
  • “Plan amendments”,
  • “Amortization of estimation adjustments”,
  • “Actuarian losses (gains) recognized”, and
  • “Net interest expense”.
• Under the CATEGORY of “Unfunded pension benefits”, the ENTITY of “Consolidated Crown corporations and other entities” now contains additional break-out values under the TYPE_EN header, including:
  • “Government contributions”,
  • “Government contributions and other”,
  • “Statutory payments”,
  • “Current service cost adjustments”,
  • “Funding of actuarial liability services”,
  • “Actuarial Adjustments”,
  • “Costs already recorded in the allowance for pension adjustments of previous years”,
  • "Costs recorded in previous years”,
  • “Pension plan amendment costs”,
  • “Plan curtailments”,
  • “Plan amendments”, and
  • “Amortization of estimation adjustments”.
• Under the CATEGORY of “Unfunded pension benefits”, the ACCOUNT of “Contributions from the Judges' plan recorded to revenues” now contains additional break-out values under the TYPE_EN header, including:
  • “Government contributions”,
  • “Current service cost adjustments”,
  • “Adjustment”,
  • “Funding of actuarial liability services”,
  • “Actuarial Adjustments”,
  • “Costs already recorded in the allowance for pension adjustments of previous years”,
  • "Costs recorded in previous years”,
  • “Pension plan amendment costs”,
  • “Plan curtailments”,
  • “Plan amendments”,
  • “Amortization of estimation adjustments”,
  • “Actuarian losses (gains) recognized”, and
  • “Net interest expense”.

Related Links

• Previous years: Public Accounts of Canada
• Current year: Public Accounts of Canada
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