R-15.1, r. 4 - Regulation respecting measures to reduce the effects of the financial crisis on pension plans covered by the Supplemental Pension Plans Act

Section 11 Disposition versions

2012-09-01

11. If the technical actuarial deficiency referred to in paragraph 1 of section 130 of the Act, enacted by section 11 of chapter 42 of the Statutes of 2006, is determined and less than or equal to the financial crisis amount, that deficiency is then called “financial crisis deficiency”.

If the technical actuarial deficiency referred to in paragraph 1 of section 130 is determined and greater than the financial crisis amount, that deficiency is apportioned into 2 technical actuarial deficiencies:

(1)  a first deficiency, called “financial crisis deficiency”, equal to the financial crisis amount;

(2)  a second deficiency equal to the difference between the technical actuarial deficiency referred to in paragraph 1 of section 130 and that amount.

O.C. 1153-2009, s. 11.