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R-15.1 - Supplemental Pension Plans Act

Section 146.3.5
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Full text
146.3.5. (Replaced).
2006, c. 42, s. 13; 2015, c. 29, s. 27.
146.3.5. In the case of a pension plan other than a plan referred to in section 146.3.4,
(1)  the assets of the plan may only be appropriated to the payment of employer contributions if they exceed the value of the obligations arising from the plan, assuming that the plan is terminated; and
(2)  the maximum amount of surplus assets that may be appropriated for that purpose is limited to the portion of the assets that exceeds the value of the obligations arising from the plan, assuming that the plan is terminated.
2006, c. 42, s. 13.
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