R-15.1, r. 6.1 - Regulation respecting supplemental pension plans affected by the arrangement regarding AbitibiBowater Inc. under the Companies’ Creditors Arrangement Act

Section 2 Disposition versions

2012-09-01

2. A pension plan whose liabilities include obligations other than those arising from a pension plan referred to in Appendix A or Appendix B for service completed prior to 1 January 2011 is comprised of 2 components.

A first component comprises only the portion of the liabilities of the plan related to obligations arising from a plan referred to in Appendix A or Appendix B for service completed prior to 1 January 2011 and the portion of the assets of the plan corresponding to those liabilities. This component, called an “affected component”, is governed by this Regulation to the extent provided herein.

The other component is comprised of the remaining liabilities and assets of the plan and, insofar as funding, the appropriation of any eventual surplus assets, divisions and mergers, as well as the settlement of the benefits of members and beneficiaries on termination are concerned, is governed by the Act as though it were a pension plan separate from the affected component.

The pension fund of the plan is therefore divided into 2 separate accounts.

O.C. 856-2011, s. 2.