3.4. The projected actuarial deficiency and the amortization payment relating to the discounted projected actuarial deficiency are determined according to whether the target degrees of solvency prescribed below are achieved on the following dates:(1) 85% as at 31 December 2022 for the actuarial valuation as at 13 September 2012;
(2) 88% as at 31 December 2023 for the actuarial valuation for the 2013 fiscal year;
(3) 91% as at 31 December 2024 for the actuarial valuation for the 2014 fiscal year;
(4) 94% as at 31 December 2025 for the actuarial valuation for the 2015 fiscal year;
(5) 97% as at 31 December 2026 for the actuarial valuation for the 2016 fiscal year;
(6) 100% as at 31 December 2027 for the subsequent actuarial valuations.