R-15.1, r. 6.2 - General Regulation respecting supplemental pension plans

Section 15 Disposition versions

2012-09-01

15. Within 3 years from the date of registration, and thereafter at intervals of 3 years or less, the administrator of a registered plan shall prepare returns which shall include:

(a)  the estimated cost of pension benefits, other benefits and rights of refund in respect of current service for the year following the date of the return;

(b)  the rule for computing the cost of pension benefits, other benefits and rights of refund in respect of current service for each subsequent year up to the date of the next return;

(c)  the initial unfunded liability;

(d)  the experience deficiency;

(e)  the surplus;

(f)  the special contributions required to liquidate the experience deficiency in accordance with the standards of solvency;

(g)  the special contributions required to liquidate the initial unfunded liability in accordance with the standards of solvency;

(h)  in the case of an uninsured plan, the actuarial method and assumptions used for the valuation of the plan.

The returns mentioned in the first paragraph shall be submitted to the Board within 180 days of the date on which they have to be prepared.

The Board may at any time require from an administrator the filing of a return in addition to those mentioned above if it considers such a return necessary to verify whether or not the requirements of the Act and Regulation have been complied with.

Where the Board is not satisfied that a report has been prepared using assumptions which are adequate and appropriate and methods consistent with the sound principles established by precedence or common usage within the actuarial profession, the report shall be amended so as to be acceptable to the Board.

The Board may, if judged necessary, prescribe a form on which the returns mentioned in the present section must be furnished.

R.R.Q., 1981, c. R-17, r. 1, s. 15.