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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 20.1
Disposition versions
20.1. The overall degree of solvency at the date of the end of a fiscal year corresponds to element A in the following formula, rounded to the nearest multiple of 0,1%:
A = (B + C) / (D + E), where
“B” corresponds to the total value of the assets of the affected components of the pension plans registered with Retraite Québec, established regardless of the amount of the contributions under Division IV, increased by the special amortization payment provided for in section 28 but reduced in accordance with the first paragraph of section 127 of the Act;
“C” corresponds to the total of the adjusted solvency assets of the affected components of those pension plans registered with Ontario’s Superintendent of Financial Services, determined in accordance with the applicable Ontario legislation but without taking into account the special contributions required as a result of a reduction in the employer’s pulp and paper production capacity in Ontario or Quebec provided for under that legislation;
“D” corresponds to the total of the value of the liabilities of the affected components of the pension plans registered with Retraite Québec, reduced in accordance with the first paragraph of section 127 of the Act;
“E” corresponds to the total of the solvency liabilities of the affected components of those pension plans registered with Ontario’s Superintendent of Financial Services, determined in accordance with the applicable Ontario legislation.
20.1. The overall degree of solvency at the date of the end of a fiscal year corresponds to element A in the following formula, rounded to the nearest multiple of 0,1%:
A = (B + C) / (D + E), where
“B” corresponds to the total value of the assets of the affected components of the pension plans registered with the Régie des rentes du Québec, established regardless of the amount of the contributions under Division IV, increased by the special amortization payment provided for in section 28 but reduced in accordance with the first paragraph of section 127 of the Act;
“C” corresponds to the total of the adjusted solvency assets of the affected components of those pension plans registered with Ontario’s Superintendent of Financial Services, determined in accordance with the applicable Ontario legislation but without taking into account the special contributions required as a result of a reduction in the employer’s pulp and paper production capacity in Ontario or Quebec provided for under that legislation;
“D” corresponds to the total of the value of the liabilities of the affected components of the pension plans registered with the Régie, reduced in accordance with the first paragraph of section 127 of the Act;
“E” corresponds to the total of the solvency liabilities of the affected components of those pension plans registered with Ontario’s Superintendent of Financial Services, determined in accordance with the applicable Ontario legislation.
