2004 Annual Report

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Schedule G – Description of Activities by Eckler Partners Ltd.

The firm of Eckler partners Ltd. was engaged to provide the Trust Fund with continuing actuarial advice during the year. In 1999, Eckler Partners had completed the initial actuarial valuation of the assets and liabilities of the Trust Fund that was used before the courts in seeking approval of the settlement agreement. In 2002, they completed the first triennial actuarial valuation of the assets and liabilities of the Trust Fund as at December 31, 2001.

During the 2003/04 fiscal year, Eckler Partners provided continuing assistance with respect to lifting the $5,000 holdback in respect of Level 2 claimants; prepared summaries of the investment activities, asset development and investment returns for the Joint Committee; analyzed the approximate effect on the fund's sufficiency of lifting the remaining caps on the 30% loss-of-income/loss-of-support holdbacks and the $75,000 income loss; assisted the Joint Committee in a number of areas including quarterly interest accumulations and allocations to the outstanding liabilities for the provincial governments, the ongoing review of investment, claims and financial experience; provided updates to the payment schedules and compensation limits for increases in inflation; and other miscellaneous items.

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