R-15.1, r. 6.1 - Regulation respecting supplemental pension plans affected by the arrangement regarding AbitibiBowater Inc. under the Companies’ Creditors Arrangement Act

Section 6 Disposition versions

2012-12-05

6. For the purposes of this Regulation, notwithstanding Division VI.1, and unless otherwise indicated, to determine the technical actuarial deficiency or the degree of solvency of a pension plan or of the affected component of a pension plan, the assets are determined according to their market value and are not reduced by the estimated amount of the administration costs to be paid out of the pension fund should the pension plan be terminated. The assets shall also be determined without considering the value of the contributions that the employer has failed to pay into the pension fund or into the account of the affected component of the pension fund.

However, the technical actuarial deficiency and the degree of solvency of a pension plan referred to in Appendix B, or of the affected component of a pension plan registered with Ontario’s Superintendent of Financial Services are respectively considered to be the “adjusted solvency deficiency” and the “adjusted solvency ratio” of the pension plan or the affected component, determined in accordance with the applicable Ontario legislation.

O.C. 856-2011, s. 6; O.C. 1090-2012, s. 1.

2012-09-01

6. Unless otherwise indicated, to determine the technical actuarial deficiency or the degree of solvency of a pension plan or of the affected component of a pension plan, the assets are determined according to their market value and are not reduced by the estimated amount of the administration costs to be paid out of the pension fund should the pension plan be terminated. The assets shall also be determined without considering the value of the contributions that the employer has failed to pay into the pension fund or into the account of the affected component of the pension fund.

However, for the purposes of this Regulation, the technical actuarial deficiency and the degree of solvency of a pension plan referred to in Appendix B, or of the affected component of a pension plan registered with Ontario’s Superintendent of Financial Services are respectively considered to be the “adjusted solvency deficiency” and the “adjusted solvency ratio” of the pension plan or the affected component, determined in accordance with the applicable Ontario legislation.

O.C. 856-2011, s. 6.