R-15.1, r. 1.3 - Regulation respecting the funding of defined-benefit pension plans of the municipal and university sectors

Section 55 Disposition versions

2024-02-22

55. The part of the report related to a complete actuarial valuation referred to in subparagraph 5 of the first paragraph of section 118 of the Act that concerns the prior component must in addition contain the following information:

(1)  the amount of surplus assets that may be used;

(2)  in the case of an appropriation of surplus assets referred to in paragraph 1, 2, or 4 of section 19, each amount of the surplus assets determined pursuant to the second paragraph of section 20;

(3)  the amount of surplus assets expected to be used and the conditions for their appropriation.

Where the amount of surplus assets is used to resume pension indexation in accordance with the provisions of the third and fourth paragraphs of section 33 of the Act respecting the restructuring of university-sector defined-benefit pension plans (chapter R-26.2.1) or third and fourth paragraphs of section 16 of the Act to foster the financial health and sustainability of municipal defined-benefit pension plans (chapter S-2.1.1), the report must indicate the following information:

(1)  a brief description of the resumption of pension indexation;

(2)  the amount of surplus assets used to resume pension indexation;

(3)  the value of the pension indexation established on a solvency basis and the degree of solvency of the plan after indexation has resumed.

O.C. 46-2024, s. 55.

Not in force

In force: 2024-02-22

55. The part of the report related to a complete actuarial valuation referred to in subparagraph 5 of the first paragraph of section 118 of the Act that concerns the prior component must in addition contain the following information:

(1)  the amount of surplus assets that may be used;

(2)  in the case of an appropriation of surplus assets referred to in paragraph 1, 2, or 4 of section 19, each amount of the surplus assets determined pursuant to the second paragraph of section 20;

(3)  the amount of surplus assets expected to be used and the conditions for their appropriation.

Where the amount of surplus assets is used to resume pension indexation in accordance with the provisions of the third and fourth paragraphs of section 33 of the Act respecting the restructuring of university-sector defined-benefit pension plans (chapter R-26.2.1) or third and fourth paragraphs of section 16 of the Act to foster the financial health and sustainability of municipal defined-benefit pension plans (chapter S-2.1.1), the report must indicate the following information:

(1)  a brief description of the resumption of pension indexation;

(2)  the amount of surplus assets used to resume pension indexation;

(3)  the value of the pension indexation established on a solvency basis and the degree of solvency of the plan after indexation has resumed.

O.C. 46-2024, s. 55.