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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 33
Disposition versions
33. (Revoked).
33. The corrective measures must cause the overall degree of solvency at the date mentioned in section 32 to be at a minimum equal to the overall target degree of solvency at that same date.
For the purposes of the first paragraph, the overall degree of solvency is determined in accordance with section 14, while determining the value of the assets and liabilities as at the date mentioned in the first paragraph, taking into account the application of the corrective measures over the course of the 5 subsequent fiscal years. As at that date, the present value of the contributions resulting from the corrective measures is determined using the same interest rate as that used to determine the liabilities of the affected components for the purposes of determining their degree of solvency.
