R-15.1 - Supplemental Pension Plans Act

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140. In addition to the other elements prescribed by regulation, an actuarial valuation must determine
(1)  the current service contribution, expressed in currency or as a rate or percentage of the remuneration of active members, for the fiscal year or the part of the fiscal year of the pension plan that immediately follows the date of the valuation and for every fiscal year that follows until the date of the next actuarial valuation to which it is subject under subparagraph 2 of the first paragraph of section 118;
(2)  the total amount of the current service contribution and the amount of the part of that contribution referred to in subparagraph 2 of the first paragraph of section 128;
(3)  the plan’s assets and liabilities;
(4)  the amount of each deficiency and that of the related amortization payment; and
(5)  the amounts recorded under section 42.2.
1989, c. 38, s. 140; 2000, c. 41, s. 82; 2006, c. 42, s. 11; 2015, c. 29, s. 24.
140. Every unfunded actuarial liability must be amortized by dividing it into as many amounts as there are full months included in the amortization period.
1989, c. 38, s. 140; 2000, c. 41, s. 82; 2006, c. 42, s. 11.
140. Any amount determined pursuant to subparagraph 4 of the second paragraph of section 137 shall be paid into the pension fund by the employer within five years after the date of the actuarial valuation.
The last paragraph of section 39, sections 41 and 128, the first and second paragraphs of section 129 and section 132, adapted as required, apply to the determination or payment, as the case may be, of such amount. Unless the pension plan sets a higher interest rate, any amount so determined and not paid into the pension fund bears interest, from the last day of the month following that for which it should have been paid, at the rate of return of the pension fund.
Such amount may be used to reduce proportionately and in accordance with section 133 the amortization amounts which, five years after the date of the actuarial valuation, remain to be paid in respect of any technical actuarial deficiency or improvement unfunded actuarial liability.
1989, c. 38, s. 140; 2000, c. 41, s. 82.
140. Any amount determined pursuant to subparagraph 4 of the second paragraph of section 137 shall be paid into the pension fund by the employer within five years after the date of the actuarial valuation.
The last paragraph of section 39, sections 41 and 128, the first and second paragraphs of section 129 and section 132, adapted as required, apply to the determination or payment, as the case may be, of such amount. Unless the pension plan sets a higher interest rate, any amount so determined and not paid into the pension fund bears interest, from the date of default, at the rate prescribed by section 44 or 45.
Such amount may be used to reduce proportionately and in accordance with section 133 the amortization amounts which, five years after the date of the actuarial valuation, remain to be paid in respect of any technical actuarial deficiency or improvement unfunded actuarial liability.
1989, c. 38, s. 140.