R-15.1, r. 2 - Regulation respecting the funding of pension plans of the municipal and university sectors

Section 4 Disposition versions

2012-09-01

4. For the purposes of the first complete actuarial valuation of a pension plan undertaken after 30 December 2008, the following rules apply:

(1)  amortization payments remaining to be paid on the valuation date and related to the technical actuarial deficiency determined pursuant to paragraph 3 of section 126 of the Act in its version prior to 1 January 2010 are deemed to be amortization payments related to a technical actuarial deficiency within the meaning of paragraph 1 of section 135 of the Act as replaced by section 20 of this Regulation;

(2)  amortization payments remaining to be paid on the valuation date and related to the initial deficiency and to a improvement unfunded actuarial liability determined pursuant to paragraphs 1 and 2 of section 126 of the Act in its version prior to 1 January 2010 are deemed to be amortization payments related to an improvement unfunded actuarial liability within the meaning of paragraph 2 of section 135 of the Act as replaced by section 20 of this Regulation.

O.C. 541-2010, s. 4.