R-15.1, r. 6 - Regulation respecting supplemental pension plans

Section 9.2 Disposition versions

2022-04-14

9.2. For the purposes of a review of the sufficiency of contributions for service after the valuation date, the report must indicate:

(1)  the current service contribution required for each of the fiscal years immediately following the actuarial valuation and the portion of the current service contribution that constitutes the stabilization provision;

(2)  the contributions which, according to the plan text, must be paid respectively by the employer and by the members for those 3 fiscal years;

(3)  where applicable, the amount of the insufficiency of contributions relating to service.

If an insufficiency of contributions relating to service after the valuation date is shown, the report must also include:

(1)  a description of the recovery measures relating to that insufficiency applied by the pension committee, in accordance with the plan text, and their effective date;

(2)  taking into account these recovery measures:

(a)  the current service contribution for each of the 3 fiscal years immediately following the actuarial valuation and the portion of the current service contribution that constitutes the stabilization provision;

(b)  the employer contribution and the member contribution for those 3 fiscal years.

It must be certified that the contributions are sufficient for service after the valuation date.

O.C. 308-2022, s. 7.