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 10 Disposition versions

2014-04-09

10. For each fiscal year of a pension plan ending between 30 December 2011 and 1 January 2021, the basic amortization payment is the total of the 12 monthly payments that have been determined for the fiscal year.

A monthly payment is the portion of $4,166,667 for each fiscal year of a pension plan ending between 30 December 2011 and 1 January 2013, and the portion of $6,666,667 for each fiscal year of a pension plan ending between 30 December 2013 and 1 January 2021 that the technical actuarial deficiency of the affected component of the pension plan represents of the total of the technical actuarial deficiencies of the affected components of the pension plans, as established on the following date:

(1)  for each of the first 6 monthly payments of the fiscal year, the date of the end of the second last fiscal year;

(2)  for each of the other 6 monthly payments of the fiscal year, the date of the end of the previous fiscal year.

A monthly payment is payable on the last day of the month for each month included in the fiscal year.

Notwithstanding the second paragraph, each of the first 6 monthly payments of the fiscal year ending on 31 December 2011 corresponds to that portion of $4,166,667 that the technical actuarial deficiency of the plan at 30 September 2010 represents of the total of the technical actuarial deficiencies of the pension plans referred to in Appendix A or in Appendix B at that date.

O.C. 856-2011, s. 10; O.C. 299-2014, s. 2.

2012-09-01

10. For each fiscal year of a pension plan ending between 30 December 2011 and 1 January 2021, the basic amortization payment is the total of the 12 monthly payments that have been determined for the fiscal year.

A monthly payment is that portion of $4,166,667 that the technical actuarial deficiency of the affected component of the pension plan represents of the total of the technical actuarial deficiencies of the affected components of the pension plans, as established on the following date:

(1)  for each of the first 6 monthly payments of the fiscal year, the date of the end of the second last fiscal year;

(2)  for each of the other 6 monthly payments of the fiscal year, the date of the end of the previous fiscal year.

A monthly payment is payable on the last day of the month for each month included in the fiscal year.

Notwithstanding the second paragraph, each of the first 6 monthly payments of the fiscal year ending on 31 December 2011 corresponds to that portion of $4,166,667 that the technical actuarial deficiency of the plan at 30 September 2010 represents of the total of the technical actuarial deficiencies of the pension plans referred to in Appendix A or in Appendix B at that date.

O.C. 856-2011, s. 10.