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3 (1) Subject to subsections (2) and (3), the actuarial present value of the benefits accrued in respect of the pensionable service to the credit of the persons referred to in section 2 is calculated as of September 30, 2000 using the actuarial methods and assumptions contained in the Actuarial Report as at March 31, 1996, on the Pension Plan for the Public Service of Canada, tabled in Parliament on March 18, 1998 by the Minister.

(2) The actuarial assumptions contained in the Actuarial Report referred to in subsection (1) are varied as follows:

• (a) the rate of interest for the period beginning on October 1, 2000 and ending on September 30, 2015 is 3.9% per annum plus the rates of increase in the consumer price index for that period as set out in the Actuarial Report;

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(4) For the purposes of subsection (3), any instalment payment that is attributable to a period of leave of absence without pay is calculated as if it were due and payable on October 1, 2000.