

Each plan has its own accounting system and segregated assets and liabilities. The legislation even forbids any private transactions (purchase and sales of assets) among the Plans. This means that a plan’s risks, deficits or surplus do not affect the other Plans.
PREVI’s numbers (Balance Sheet and Results Statement) can be reported separately- with the info. on each plan, or consolidated - summing up all of the institution’s plans resources. This way, each associate can have a general view of the institution, as well as specific view of the results of the Plan to which he’s directly attached, where his most direct interests are concerned.
|