R-15.1 - Supplemental Pension Plans Act

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146.2. All provisions concerning the appropriation of surplus assets during the life of a pension plan must be grouped in an easily identifiable section of the plan.
The same applies to any provision concerning the allocation of surplus assets in the event of termination of the plan.
2000, c. 41, s. 84; 2006, c. 42, s. 13; 2015, c. 29, s. 27.
146.2. In the case of a pension plan other than a plan referred to in section 146.1, the surplus assets of the plan may be appropriated to the payment of the value of the additional obligations arising from an amendment to the plan only to the extent that the amount appropriated for that purpose is limited to the portion of the assets that exceeds the value of the obligations arising from the plan, determined without reference to the additional obligations arising from the amendment and assuming that the plan is terminated.
2000, c. 41, s. 84; 2006, c. 42, s. 13.
146.2. The maximum amount of surplus assets that may be appropriated to the payment of employer contributions shall be the lesser of the surplus assets of the pension plan as determined on a funding basis and the surplus assets as determined on a solvency basis in the last actuarial valuation of the whole plan, reduced to take into account the value of the additional obligations arising from any amendment to the plan which, having been made after the last actuarial valuation of the whole plan, has not entailed the determination of an improvement unfunded actuarial liability.
In the case of a pension plan to which Chapter X does not apply, the maximum amount shall be limited to the portion of the assets which exceeds the value of the obligations arising from the plan, assuming that the plan is terminated.
2000, c. 41, s. 84.