R-26.2.1 - Act respecting the restructuring of university-sector defined benefit pension plans

Section 29 Disposition versions

2016-06-08

29. For any amendment made on or after or effective from 1 January 2016, a special amortization payment must be paid in full into the pension fund on the day following the date of the actuarial valuation determining the value of the additional obligations arising from that amendment. This value is the higher of the value calculated on a solvency basis and that calculated on a funding basis. Any surplus assets of the pension plan may be allocated to the payment of such obligations.

2016, c. 13, s. 29.