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 42 Disposition versions

2012-09-01

42. The valuation report must contain the information and statements of the actuary provided for in the section of the standards of practice of the Canadian Institute of Actuaries to which section 4 of the Regulation respecting supplemental pension plans (chapter R-15.1, r. 6) refers, as well as the information provided for under paragraphs 1 through 5 of section 4 and sections 4.1 through 4.4 of the Regulation respecting supplemental pension plans.

For such purposes, it is understood that these provisions and standards apply solely to the affected component of the pension plan.

With respect to the portion of the actuarial valuation performed on a solvency basis, the report must contain, in addition to the information listed in section 4.1 of the Regulation respecting supplemental pension plans:

(1)  the amount of the assets, determined in accordance with the first paragraph of section 6;

(2)  the degree of solvency determined in accordance with section 22;

(3)  the degree of solvency determined in accordance with section 22 but without taking into account section 6.

Furthermore, paragraph 4 of section 4.4 of the Regulation respecting supplemental pension plans is deemed a reference to the special amortization payment determined under section 28.

O.C. 856-2011, s. 42.