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

Section 25 Disposition versions

2012-09-01

25. Section 146.3.6 of the Act mentioned in paragraph 3 of section 2 is replaced by the following:

“146.3.6. The appropriation of the surplus assets of a pension plan to the payment of employer contributions must cease

(1)  at the date of any actuarial valuation showing that there are no surplus assets determined on a solvency basis or that the general account of the plan is no longer greater than its liabilities on a funding basis; and

(2)  at the date of the end of the fiscal year that follows the date of an actuarial valuation that complies with the first paragraph of section 146.3.4 where no actuarial valuation is made at that date of the end of the fiscal year.”.

O.C. 541-2010, s. 25.