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 46.4 Disposition versions

2012-12-05

46.4. To estimate the degree of solvency of the affected component of the pension plan as at 31 December of the year for which the payment option is chosen,

(1)  the solvency liabilities of the affected component, determined in the actuarial valuation as at 31 December of the preceding year, are projected for 31 December of the year in question, using the same interest rate as the one used to determine the liabilities in that valuation, where the rate is adjusted to take into account the one in effect on 31 August of the year in question.

(2)  the assets of the affected component, determined as at the most recent date possible, are projected for 31 December of the year in question taking into account the expected long-term rate of return for the account of the affected component, in accordance with the investment policy of the plan, and is reduced by the estimated amount of the administration costs to be paid out of the account of the affected component in the event of termination.

The projection of the liabilities shall, to the extent possible, take into consideration, according to the type of members, the benefits payable during the current year. The projection of the assets shall, to the extent possible, take into consideration the contributions and benefits payable between the date on which the assets were determined and 31 December of the year in question.

O.C. 1090-2012, s. 3.