Detail

(Section 143(1))

The trust deed and rules of a plan qualified for registration under this Act shall make provision for the following matters—

(d) the investment in the names of the trustees of all capital moneys belonging to the plan and for authorising the investments, if any, in addition to those authorised by law, in which the trustees may invest such moneys; but the rules of a plan may provide for the deposit of such moneys with the bank;

(e) the making of contributions to the plan by the employers of persons employed in the undertaking or combination of undertakings in connection with which the plan is established;

(f) the contributions payable to and the rates of benefits payable from the fund or the method of calculating benefits so payable;

(g) the conditions on which persons may become and may cease to be contributors to and entitled to benefits from the fund;

(i) the preparation of all statements of accounts, balance-sheets and reports required by this Act to be prepared;

(j) the supply (on demand) to every person having any rights in the plan, being a person who is or has been employed in the undertaking in connection with which the plan is established, of a copy of the rules of the plan and of all amendments thereof, and of the latest statements of accounts, balance-sheet and report prepared in accordance with the requirements of this Act;

(k) the circumstances in which the plan may be wound up and in the event of winding up the use of the plan to purchase immediate annuities for contingent pensioners;

FORM A
Revenue Account for the period ............................................. To ..................................................
Pension Fund Plan
Revenue			$		Expenditure		$
1.	Amount of the Fund at the beginning of the period.				1.	Superannuation Benefits—
						(a) pension to retired employees
						(b) widows' pensions
2.	Contributions by employees.					(c) orphans' pensions
						(d) retirement gratuities.
3.	Contributions by employers.				2.	Death grants.
4.	Any additional contribution by employer to meet deficiency or back service liabilities.				3.	Return of contribution on withdrawal.
					4.	Other expenditure (to be specified).
5.	Interest dividend and rents.				5.	Amount of the Fund at the end of the period.*
6.	Other income (to be specified).
FORM B
(Not to be completed for an insured pension fund plan)
Balance Sheet as at .............................................................. 20 .............. for ............................................................................... Pension Fund Plan
Liabilities		$		Assets			$
Amount of fund as at				Government Bonds and Debentures*
Pensions due but not yet paid				Other Bonds and Debentures*
Other benefits (to be specified) due but not yet paid				Ordinary and Preference shares*
				Mortgages*
				Real Estate
				Deposit Certificates
				Other Assets (specify)
* Details to be specified in a Schedule.

1. The first part of the report shall contain statistics as at the valuation date in respect of the following—

(a) Changes in the membership of the fund during the intervaluation period as well as the membership of the fund on the valuation date as follows—

Age Group	Number of members at beginning of period	Number of new members	Number of Cessations of Membership				Number of members at the end of the period
Age Group	Number of members at beginning of period	Number of new members	Transfer or on deferred pensions	Withdrawal	Death	Retirement	Number of members at the end of the period
Under 25
25–30
30–35
35–40
40–45
45–50
50–55
55–60
60 and above
TOTAL

(b) Changes in the number of pensioners of the fund during the intervaluation period as follows—

Age Group	Number of pensioners at beginning of period		Number of pensioners on pension during period		Number of pensioners who die during period		No of pensioners ceasing to receive penion for other cause		Number of pensioners at end of period
	III-health	Age	III-health	Age	III-health	Age	III-health	Age	III-health	Age
Under 35
35–45
45–55
55–65
65–75
75 and Over
TOTAL

3. The final part of the report shall contain information about the results of the valuation, an analysis of the surplus or deficiency shown and a recommendation as to how much of the surplus can be regarded as disposable, or, if a deficiency, the manner in which the deficiency can be liquidated.