R-15.1 - Supplemental Pension Plans Act

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122.1. For the purposes of this chapter, the assets and liabilities of a pension plan are both reduced by an amount corresponding to the sum of the following values:
(1)  the value of any additional voluntary contributions paid into the pension fund, with accrued interest;
(2)  the value of the contributions paid into the pension fund under provisions which, in a defined benefit plan, are identical to those of a defined contribution plan, with accrued interest;
(3)  the value of amounts received by the pension plan following a transfer, even otherwise than under Chapter VII, with accrued interest.
However, in the case of a floor plan, the assets and liabilities of a plan are not to be reduced by the value referred to in subparagraph 2.
2015, c. 29, s. 23.