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

Section 45 Disposition versions

2012-09-01

45. The amortization period for an initial unfunded liability existing on 1 January 1966, is the period terminating on 31 December 1990.

The amortization period for an initial unfunded liability other than that contemplated in the first paragraph is the period terminating on 31 December 1990 or 15 years after the date when such liability was determined.

The amortization period for an experience deficiency is the period terminating 5 years after the date when such deficiency was determined.

Where an experience deficiency is determined by the valuation of a plan contemplated in section 57, the employer may elect to avail himself of the provisions of the second paragraph or those of Division VI, except where the actuary making the valuation recommends that the provisions of the second paragraph be followed.

R.R.Q., 1981, c. R-17, r. 1, s. 45.