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 25 Disposition versions

2016-01-01

25. The predetermined portion of the overall supplemental sum for a fiscal year corresponds to the portion of the aforementioned sum that the shortfall in solvency assets of the affected component of the pension plan at the date of the end of the previous fiscal year represents of the total of the shortfalls in solvency assets of the affected components of the pension plans at that date.

For the purposes of the first paragraph, a pension plan to which a supplemental sum for the fiscal year cannot be paid due to the termination of the plan is not taken into account.

Moreover, the predetermined portion of the overall supplemental sum for a fiscal year for a pension plan may not exceed the shortfall in solvency assets for the affected component of the pension plan at the last day of the previous fiscal year.

The shortfall in solvency assets, at the end of the plan’s fiscal year, of the affected component of a pension plan registered with Retraite Québec means the amount which, where added to the assets of the component at the aforementioned date, would allow its degree of solvency to equal its target degree of solvency at that same date.

The target degree of solvency of the affected component of a pension plan is determined by increasing, at the dates and to the extent provided for in paragraphs 1 to 8 of section 20.2, the degree of solvency of the pension plan at 31 December 2010. It may not, however, exceed 100%.

For those pension plans registered with Ontario’s Superintendent of Financial Services, the shortfall in solvency assets of the affected component is determined in accordance with the applicable Ontario legislation.

O.C. 856-2011, s. 25; O.C. 299-2014, s. 7.

2014-04-09

25. The predetermined portion of the overall supplemental sum for a fiscal year corresponds to the portion of the aforementioned sum that the shortfall in solvency assets of the affected component of the pension plan at the date of the end of the previous fiscal year represents of the total of the shortfalls in solvency assets of the affected components of the pension plans at that date.

For the purposes of the first paragraph, a pension plan to which a supplemental sum for the fiscal year cannot be paid due to the termination of the plan is not taken into account.

Moreover, the predetermined portion of the overall supplemental sum for a fiscal year for a pension plan may not exceed the shortfall in solvency assets for the affected component of the pension plan at the last day of the previous fiscal year.

The shortfall in solvency assets, at the end of the plan’s fiscal year, of the affected component of a pension plan registered with the Régie means the amount which, where added to the assets of the component at the aforementioned date, would allow its degree of solvency to equal its target degree of solvency at that same date.

The target degree of solvency of the affected component of a pension plan is determined by increasing, at the dates and to the extent provided for in paragraphs 1 to 8 of section 20.2, the degree of solvency of the pension plan at 31 December 2010. It may not, however, exceed 100%.

For those pension plans registered with Ontario’s Superintendent of Financial Services, the shortfall in solvency assets of the affected component is determined in accordance with the applicable Ontario legislation.

O.C. 856-2011, s. 25; O.C. 299-2014, s. 7.

2012-09-01

25. The predetermined portion of the overall supplemental sum for a fiscal year corresponds to the portion of the aforementioned sum that the shortfall in solvency assets of the affected component of the pension plan at the date of the end of the previous fiscal year represents of the total of the shortfalls in solvency assets of the affected components of the pension plans at that date.

For the purposes of the first paragraph, a pension plan to which a supplemental sum for the fiscal year cannot be paid due to the termination of the plan is not taken into account.

Moreover, the predetermined portion of the overall supplemental sum for a fiscal year for a pension plan may not exceed the shortfall in solvency assets for the affected component of the pension plan at the last day of the previous fiscal year.

The shortfall in solvency assets, at the end of the plan’s fiscal year, of the affected component of a pension plan registered with the Régie means the amount which, where added to the assets of the component at the aforementioned date, would allow its degree of solvency to equal its target degree of solvency at that same date.

The target degree of solvency of the affected component of a pension plan is determined by increasing, at the dates and to the extent provided for in paragraphs 1 to 8 of section 15, the degree of solvency of the pension plan at 31 December 2010. It may not, however, exceed 100%.

For those pension plans registered with Ontario’s Superintendent of Financial Services, the shortfall in solvency assets of the affected component is determined in accordance with the applicable Ontario legislation.

O.C. 856-2011, s. 25.