The plan sponsors agreed to significant changes to the funding of the Pre-1992 Period liabilities effective September 1, 2009. There are no assets in the Pre-1992 Period. The liabilities of the Pre-1992 Period consist of the actuarial value of the accrued Pre-1992 Period pension benefits plus a loan of $1.185 billion that was lent by the Post-1992 Period fund to ensure the payment of pensions to plan members who earned pensionable service prior to September 1992.
Effective September 1, 2009, the Government of Alberta has assumed full responsibility for funding Pre-1992 Period benefits. The Government of Alberta guarantees the payment of benefits related to the Pre-1992 Period and is providing ATRF sufficient funds to pay these as they become due. In addition, we expect the Government of Alberta to repay the $1.185 billion loan to the Post-1992 Period fund in January 2010.