R-15.1, r. 7 - Regulation respecting the exemption of certain categories of pension plans from the application of provisions of the Supplemental Pension Plans Act

Section 25.5.1 Disposition versions

2015-05-14

25.5.1. The person or body empowered to amend a multi-employer pension plan under section 21 may, in writing, instruct the pension committee that administers the plan to take one or more of the following measures for the purposes of the complete actuarial valuation of the plan as at 31 December 2012 and for subsequent complete actuarial valuations:

(1)  the application of an asset valuation method that, in accordance with the terms and conditions of section 25.2, levels the short-term fluctuations in the market value of the assets of the plan for the purposes of determining the value of those assets on a solvency basis;

(2)  notwithstanding section 142 of the Act and subparagraph a of paragraph 4 of section 24, the extension, to 15 years, of the maximum period provided for to amortize a technical actuarial deficiency determined as at 31 December 2012 or thereafter;

(3)  the elimination of amortization payments related to any technical actuarial deficiency determined on the date of a previous actuarial valuation of the plan.

O.C. 345-2015, s. 2.