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

Section 19 Disposition versions

2012-09-01

19. The following section replaces section 134.1 of the Act mentioned in paragraph 3 of section 2:

“134.1. A plan is funded if, at the date of the actuarial valuation, the value of its general account is at least equal to the value of its liabilities.

A plan is partially funded if the value of its general account, increased by the value of the amortization payments relating to any funding deficiency determined at the date of the actuarial valuation or during a prior actuarial valuation, is, at that date, at least equal to the value of its liabilities.”.

O.C. 541-2010, s. 19.