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 9 Disposition versions

2012-09-01

9. The amortization amounts, among the following, that remain to be paid at the date of the valuation are considered to be amortization payments relating to a 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:

(1)  the amortization amounts referred to in subparagraphs 2 and 3 of the second paragraph of section 137 of the Act as they read prior to 1 January 2010, excluding those relating to an improvement unfunded actuarial liability, that were taken into account at the date of the last complete actuarial valuation of the plan dated prior to 31 December 2008;

(2)  the amortization amounts determined at the date of the valuation referred to in subparagraph 1 for the purposes of section 140 of the Act in its version prior to 1 January 2010.

The amortization amounts, among the following, that remain to be paid at the date of the valuation are considered to be amortization payments relating to an improvement unfunded actuarial liability within the meaning of paragraph 2 of section 130 of the Act, enacted by section 11 of chapter 42 of the Statutes of 2006:

(1)  the amortization amounts referred to in subparagraphs 1 and 2 of the second paragraph of section 137 of the Act as they read prior to 1 January 2010, excluding those relating to a technical actuarial deficiency, that were taken into account at the date of the last complete actuarial valuation of the plan dated prior to 31 December 2008;

(2)  the amortization amounts related to an unfunded liability referred to in the third paragraph of section 130 of the Act as they read prior to 1 January 2010, and determined, if applicable, at the date of an actuarial valuation of the plan carried out in accordance with that section at a date subsequent to the date of the valuation referred to in subparagraph 1, must be paid within 5 years following the date on which the liability is determined; the amounts referred to in this subparagraph need not be taken into account if an actuary certifies in the report on the valuation referred to in section 2 that none of those amounts were required to ensure the solvency or partial solvency of the plan at the date they were determined.

O.C. 1153-2009, s. 9.