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 54 Disposition versions

2016-01-01

54. Any amount not required under this Regulation or under the equivalent provision of the applicable Ontario legislation - including any amount for the purposes of funding the balance of the value of benefits - that is paid into the affected component of a pension plan during a fiscal year must correspond to the portion of the total of such amounts that the technical actuarial deficiency of the affected component of the pension plan at the date of the end of the previous fiscal year represents of the total of the technical actuarial deficiencies of the affected components of the pension plans at that date.

That amount shall be indicated in the actuarial valuation report of the affected component sent to Retraite Québec in accordance with section 41 not later than the date of the payment. Furthermore, the amount and the total of such amounts shall be indicated in the global report accompanying the report on the actuarial valuation.

The most recent report on the actuarial valuation that was sent to Retraite Québec in accordance with section 41 and the global report accompanying it may also be amended or replaced in order that the amount and the total of such amounts be shown therein. The amended reports or new reports shall then be sent to Retraite Québec no later than the date of the payment. In such a case, the ratio provided for in the first paragraph is based on the technical actuarial deficiencies as at the date of the actuarial valuation whose report has been thus amended or replaced.

O.C. 856-2011, s. 54.

2012-09-01

54. Any amount not required under this Regulation or under the equivalent provision of the applicable Ontario legislation - including any amount for the purposes of funding the balance of the value of benefits - that is paid into the affected component of a pension plan during a fiscal year must correspond to the portion of the total of such amounts that the technical actuarial deficiency of the affected component of the pension plan at the date of the end of the previous fiscal year represents of the total of the technical actuarial deficiencies of the affected components of the pension plans at that date.

That amount shall be indicated in the actuarial valuation report of the affected component sent to the Régie in accordance with section 41 not later than the date of the payment. Furthermore, the amount and the total of such amounts shall be indicated in the global report accompanying the report on the actuarial valuation.

The most recent report on the actuarial valuation that was sent to the Régie in accordance with section 41 and the global report accompanying it may also be amended or replaced in order that the amount and the total of such amounts be shown therein. The amended reports or new reports shall then be sent to the Régie no later than the date of the payment. In such a case, the ratio provided for in the first paragraph is based on the technical actuarial deficiencies as at the date of the actuarial valuation whose report has been thus amended or replaced.

O.C. 856-2011, s. 54.