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 28 Disposition versions

2016-01-01

28. Where, further to an amendment made between 30 December 2010 and 1 January 2021, an actuarial valuation determines the value of additional obligations of the affected component of a pension plan, a special amortization payment is determined.

The payment corresponds to the higher of the value of the additional obligations determined on a solvency basis or their value determined on a funding basis.

The special amortization payment must be paid into the account of the affected component of the pension fund as soon as the report on the first actuarial valuation considering the amendment is sent to Retraite Québec. To such sum shall be added accrued interest, if any, from the date of the valuation, calculated at the rate of return of the account.

O.C. 856-2011, s. 28.

2012-09-01

28. Where, further to an amendment made between 30 December 2010 and 1 January 2021, an actuarial valuation determines the value of additional obligations of the affected component of a pension plan, a special amortization payment is determined.

The payment corresponds to the higher of the value of the additional obligations determined on a solvency basis or their value determined on a funding basis.

The special amortization payment must be paid into the account of the affected component of the pension fund as soon as the report on the first actuarial valuation considering the amendment is sent to the Régie. To such sum shall be added accrued interest, if any, from the date of the valuation, calculated at the rate of return of the account.

O.C. 856-2011, s. 28.