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 8 Disposition versions

2012-09-01

8. Through 31 December 2020, the balance of the value of benefits accumulated prior to 1 January 2011 under a pension plan referred to in Appendix A or in Appendix B which, under the terms of sections 143 to 145.1 of the Act, cannot be paid, is paid with interest from the account of the affected component of the pension fund of the plan on the earlier of the following dates:

(1)  5 years from the date of the initial payment;

(2)  the date on which the member attains normal retirement age.

The balance may also be paid as of the day on which it is funded.

O.C. 856-2011, s. 8.