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

Section 9.3 Disposition versions

2022-04-14

9.3. For the purposes of the review of the sufficiency of contributions relating to service at the valuation date, after application of the provisions of the second paragraph of section 9.2, if applicable, the report must indicate:

(1)  the information referred to in paragraphs 3 and 4 of section 5 and in the first paragraph of section 8;

(2)  the technical amortization payment required for each of the 3 fiscal years immediately following the actuarial valuation;

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

If an insufficiency of contributions relating to service credited at 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 and, where applicable, those referred to in section 9.2:

(a)  the information referred to in paragraphs 3 and 4 of section 5 and in the first paragraph of section 8;

(b)  the technical amortization payment required for each of the 3 fiscal years immediately following the actuarial valuation;

(c)  the employer contribution and member contribution for those 3 fiscal years;

(3)  where applicable, the reduction in the value of the benefits for the group of active members and the reduction in the value of the benefits for the group of non-active members and beneficiaries resulting from the application of recovery measures;

(4)  a certification that it meets the requirements of section 146.73 of the Act.

It must be certified that the contributions are sufficient regarding service credited at the valuation date.

O.C. 308-2022, s. 7.