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 63 Disposition versions

2012-12-05

63. Where, at the date of the actuarial valuation of a pension plan prior to 31 December 2020, none of the pension plans are still subject to the provisions of this Regulation, with the exception of the provisions of Division VI.1, or to the equivalent provisions of the applicable Ontario legislation, for the purposes of sections 39 and 130 of the Act at the date of the valuation or subsequent valuations, the predetermined portions of the payments determined in accordance with sections 23, 24 and 30 at the time of the last actuarial valuation required under this Regulation, as payable for each of the fiscal years following the date of this valuation, are deemed to be amortization payments, required to amortize a technical actuarial deficiency determined in this actuarial valuation.

The predetermined portion of a payment corresponds to the portion of the payment that the technical actuarial deficiency of the affected component of the pension plan at the date of the last actuarial valuation of the plan required under this Regulation represents of the total of the technical actuarial deficiencies of the affected components of the pension plans at that same date.

For the purposes of the second paragraph, a pension plan to which a contribution determined in accordance with the first paragraph cannot be paid due to the termination of the plan is not taken into account.

O.C. 856-2011, s. 63; O.C. 1090-2012, s. 5.

2012-09-01

63. Where, at the date of the actuarial valuation of a pension plan prior to 31 December 2020, none of the pension plans are still subject to the provisions of this Regulation or to the equivalent provisions of the applicable Ontario legislation, for the purposes of sections 39 and 130 of the Act at the date of the valuation or subsequent valuations, the predetermined portions of the payments determined in accordance with sections 23, 24 and 30 at the time of the last actuarial valuation required under this Regulation, as payable for each of the fiscal years following the date of this valuation, are deemed to be amortization payments, required to amortize a technical actuarial deficiency determined in this actuarial valuation.

The predetermined portion of a payment corresponds to the portion of the payment that the technical actuarial deficiency of the affected component of the pension plan at the date of the last actuarial valuation of the plan required under this Regulation represents of the total of the technical actuarial deficiencies of the affected components of the pension plans at that same date.

For the purposes of the second paragraph, a pension plan to which a contribution determined in accordance with the first paragraph cannot be paid due to the termination of the plan is not taken into account.

O.C. 856-2011, s. 63.