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

Section 53.2 Disposition versions

2016-01-01

53.2. The amortization amounts which, as at the date of the first actuarial valuation of a pension plan that falls after 30 December 2008, remain to be paid for a portion of the initial unfunded actuarial liability which affected the Régime de retraite de la Ville de Québec – formerly registered with Retraite Québec under number 24450 – attributed to the plan by the effect of a division or merger concerning all or part of the assets and liabilities of the Régime de retraite de la Ville de Québec, are deemed to be amortization payments related to an improvement unfunded actuarial liability within the meaning of section 135 of the Act as replaced by section 20 of this Regulation.

Notwithstanding the last paragraph of section 15, the appropriation of actuarial gains to the reduction of any monthly improvement unfunded actuarial liability payments may be made only as a last resort.

The pension plans to which a portion of the initial actuarial deficiency are attributable by the effect of a division or merger concerning all or part of the assets and liabilities of the Régime de retraite de la Ville de Québec are exempted from the application of the provisions of section 306.1.1 of the Act as it read before 1 January 2010.

O.C. 1309-2011, s. 2.

2012-09-01

53.2. The amortization amounts which, as at the date of the first actuarial valuation of a pension plan that falls after 30 December 2008, remain to be paid for a portion of the initial unfunded actuarial liability which affected the Régime de retraite de la Ville de Québec – formerly registered with the Régie des rentes du Québec under number 24450 – attributed to the plan by the effect of a division or merger concerning all or part of the assets and liabilities of the Régime de retraite de la Ville de Québec, are deemed to be amortization payments related to an improvement unfunded actuarial liability within the meaning of section 135 of the Act as replaced by section 20 of this Regulation.

Notwithstanding the last paragraph of section 15, the appropriation of actuarial gains to the reduction of any monthly improvement unfunded actuarial liability payments may be made only as a last resort.

The pension plans to which a portion of the initial actuarial deficiency are attributable by the effect of a division or merger concerning all or part of the assets and liabilities of the Régime de retraite de la Ville de Québec are exempted from the application of the provisions of section 306.1.1 of the Act as it read before 1 January 2010.

O.C. 1309-2011, s. 2.