Employment Insurance System Act 2017 · Updated to 1 Sep 2022 · Part VII · Financial Provisions
57. Valuation of assets and liabilities
Feedback & supportThe Board shall, in every five years, cause an actuarial review to be carried out on the implementation of the System under this Act, involving a valuation of the assets and liabilities of the
Board
“Board” means the Social Security Organization Board established under section 59B of the Employees’ Social Security Act 1969;
Organization, and such report shall be submitted to the Minister.
Organization
“Organization” has the meaning assigned to it in the Employees’ Social Security Act 1969; Employment Insurance System 13
Notwithstanding subsection (1), the Minister may direct that such actuarial review and the valuation of the assets and liabilities to be made at any other time as he considers necessary.
Minister
“Minister” means the Minister charged with the responsibility for human resources;
Employment Insurance System 47
System
“System” means the Employment Insurance System established under section 4;