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 21 Disposition versions

2016-01-01

21. The amount of the payment deficiency for a fiscal year, which may not, however, be less than zero, corresponds to element “A” of the following formula:

A = B’ + F + G - H

“B’” represents the sum of elements B in the following formula, as determined for the affected component of each pension plan registered with Retraite Québec:

B = C × (100% - D)

“C” represents the sum of the pensions paid during the fiscal year from the account of the affected component of the pension fund of the pension plan;

“D” represents the degree of solvency of the affected component of the pension plan at the previous fiscal year end date, determined without taking into account section 6;

“F” represents the sum of all benefits and interest paid in application of the first paragraph of section 8 during the fiscal year;

“G” represents the total of the payments made for unfunded benefits for the fiscal year, determined in accordance with the applicable Ontario legislation, for the affected component of each pension plan registered with Ontario’s Superintendent of Financial Services;

“H” represents the total of $80,000,000 and any amount not required set out under section 54.

O.C. 856-2011, s. 21; O.C. 299-2014, s. 6.

2014-04-09

21. The amount of the payment deficiency for a fiscal year, which may not, however, be less than zero, corresponds to element “A” of the following formula:

A = B’ + F + G - H

“B’” represents the sum of elements B in the following formula, as determined for the affected component of each pension plan registered with the Régie:

B = C × (100% - D)

“C” represents the sum of the pensions paid during the fiscal year from the account of the affected component of the pension fund of the pension plan;

“D” represents the degree of solvency of the affected component of the pension plan at the previous fiscal year end date, determined without taking into account section 6;

“F” represents the sum of all benefits and interest paid in application of the first paragraph of section 8 during the fiscal year;

“G” represents the total of the payments made for unfunded benefits for the fiscal year, determined in accordance with the applicable Ontario legislation, for the affected component of each pension plan registered with Ontario’s Superintendent of Financial Services;

“H” represents the total of $80,000,000 and any amount not required set out under section 54.

O.C. 856-2011, s. 21; O.C. 299-2014, s. 6.

2012-09-01

21. The amount of the payment deficiency for a fiscal year, which may not, however, be less than zero, corresponds to element “A” of the following formula:

A = B’ + F + G - H

“B’” represents the sum of elements B in the following formula, as determined for the affected component of each pension plan registered with the Régie:

B = C × (100% - D)

“C” represents the sum of the pensions paid during the fiscal year from the account of the affected component of the pension fund of the pension plan;

“D” represents the degree of solvency of the affected component of the pension plan at the previous fiscal year end date, determined without taking into account section 6;

“F” represents the sum of all benefits and interest paid in application of the first paragraph of section 8 during the fiscal year;

“G” represents the total of the payments made for unfunded benefits for the fiscal year, determined in accordance with the applicable Ontario legislation, for the affected component of each pension plan registered with Ontario’s Superintendent of Financial Services;

“H” represents the total of $50,000,000 and the overall additional amortization payment for the fiscal year.

O.C. 856-2011, s. 21.