R-15.1 - Supplemental Pension Plans Act

Section 306.1 Disposition versions

2010-01-01

306.1. (Repealed).

1998, c. 2, s. 41; 2006, c. 42, s. 46.

1998-03-12

306.1. As concerns the Régime de retraite de la Ville de Québec registered under number 24450, the amortization amounts remaining to be paid as at 30 December 1997 for any initial unfunded actuarial liability which affects the pension plan and for which the amortization period originally fixed by law exceeds 15 years must correspond to the amounts that were identified in the report of the latest actuarial valuation of the entire pension plan transmitted to the Régie before 12 March 1998.

Notwithstanding section 134, the reduction in the amortization amounts remaining to be paid in relation to the unfunded liability referred to in the first paragraph shall be effected last, the other reductions under that section being otherwise mandatory. The balance of the surplus, if any, may thereafter be used to reduce proportionately each of the amounts remaining to be paid to amortize the unfunded liability.

Section 135.5, adapted as required, applies to the pension plan as regards the initial unfunded actuarial liability referred to in the first paragraph.

The provisions of this section apply to any actuarial valuation of the plan the report of which is transmitted to the Régie after 12 March 1998. Such provisions shall prevail over any contrary provision.

1998, c. 2, s. 41.