R-15.1 - Supplemental Pension Plans Act

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131. The technical actuarial deficiency corresponds, at the date of an actuarial valuation, to the amount by which the plan’s liabilities exceed its assets, increased by the value of any amortization payments remaining to be paid to amortize any improvement unfunded actuarial liability determined in a prior actuarial valuation.
1989, c. 38, s. 131; 2006, c. 42, s. 11; 2015, c. 29, s. 24.
131. If, at the date of an actuarial valuation, a plan’s assets are equal to or greater than the plan’s liabilities reduced by the value of the additional obligations arising from any amendment to the plan considered for the first time in the valuation, any amortization payments remaining to be paid in connection with any technical actuarial deficiency determined in a prior actuarial valuation are eliminated.
If, at the date of an actuarial valuation, the plan’s assets are equal to or greater than the plan’s liabilities increased by the provision for adverse deviation referred to in subparagraph 2 of the first paragraph of section 128 and reduced by the value of the additional obligations arising from any amendment to the plan considered for the first time in the valuation, any amortization payments remaining to be paid in connection with any improvement unfunded actuarial liability determined in a prior actuarial valuation are eliminated.
1989, c. 38, s. 131; 2006, c. 42, s. 11.
131. The amortization amounts shall, for each fiscal year or part of a fiscal year of the pension plan included in the amortization period, be established according to either a flat percentage of the estimated remuneration of the members who, on the date of determination of the unfunded actuarial liability, are active members, or a flat amount.
The annual rate of increase of such remuneration shall not exceed
(1)  the rate of increase of the remuneration used for the purposes of the actuarial valuation where the valuation requires the use of such rate in view of the type of plan concerned;
(2)  a rate compatible with the interest and inflation rates used for the purposes of the actuarial valuation where the valuation does not, in view of the type of plan concerned, require the use of a rate of increase of the remuneration.
1989, c. 38, s. 131.