Download PDF (619 ko )FSST and CSST Financial Statements 2007

Actuarial Consultant’s Report regarding the Commitments
of the Fonds de la santé et de la sécurité du travail
as at December 31, 2007
FSST Financial Statements
I have reviewed the evaluation of the actuarial liability of the Fonds de la santé et de la sécurité
du travail (FSST) on December 31, 2007 for future payments for the compensation of work-related
injuries in accordance with the provisions of the Workmen’s Compensation Act, the Act respecting industrial
accidents and occupational diseases and the Act respecting indemnities for victims of asbestosis and
silicosis in mines and quarries, and for future payments under the For a Safe Maternity program provided
for in the Act respecting occupational health and safety. This evaluation was prepared by the
actuaries of the Commission de la santé et de la sécurité du travail (CSST).
I have examined the CSST’s funding policy, the provisions of the above-mentioned acts, the
procedures used to ensure that the data presented is sufficient and reliable, the assumptions and
methods selected, and how they were applied in evaluating the actuarial liability.
In keeping with the CSST’s financing objectives, the assumptions used in evaluating the actuarial
liability were established using a best-estimate approach, except for the assumption related to the
real rate of return, which was based on long-term trends.
The actuarial liability of $10,933,780,000 covers future commitments regarding events that occurred
on or before December 31, 2007 among all employers subject to assessment, including the CSST’s
administrative expenses and expenses for the financing of administrative tribunals required to honour
these commitments. In my opinion, this amount constitutes an appropriate provision for the value
of the FSST’s commitments on December 31, 2007, considering its financing objectives.
In my opinion, the data on which the evaluation is based is sufficient and reliable and the
assumptions are, in general, appropriate for the purpose of the evaluation, as are the methods used.
I have produced this report and expressed the opinions set out therein in accordance with accepted
actuarial practice.
Richard Larouche, F.S.A., F.I.C.A.
Actuary
Eckler Ltée
Québec City, Canada, March 14, 2008
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