188.8.131.52. Where the reduction in the amount of the letter of credit to which the pension committee agreed pursuant to paragraph 2 of section 184.108.40.206 has an effect on the amount taken into account under section 122.2 of the Act and the report on the last actuarial valuation referred to in paragraph 2 of section 220.127.116.11 is subsequently amended or replaced, the value of the plan’s assets determined on a funding basis and a solvency basis must be established, for the purposes of the amendment or replacement, taking into account the reduction of the amount of the letter of credit.
O.C. 1073-2009, s. 5; O.C. 1183-2017, s. 1011.