R-15.1 - Supplemental Pension Plans Act

Section 146.18.1 Disposition versions

2020-12-11

146.18.1. Section 139 applies where the actuarial valuation referred to in that section shows that the degree of solvency of the plan, established without reference to the amendment, is less than 90%.

The amount of the special improvement payment to be made under that section is equal to the higher of the value of additional obligations that is calculated on a solvency basis and the value of additional obligations that is calculated on a funding basis.

2015, c. 29, s. 33; 2020, c. 30, s. 56.

2016-01-01

146.18.1. Section 134, except the exception it provides for, applies to all plan amendments considered for the first time.

Section 139 applies on a solvency basis.

2015, c. 29, s. 33.