6. If, under the scenario used by the actuary in charge of preparing the withdrawal or termination report, guaranteed benefits of certain members or beneficiaries cannot be used as provided in section 240 of the Act to guarantee the non-guaranteed benefits of other members or beneficiaries in the same account, the plan’s assets must include the commuted value of the guaranteed benefits determined in the contract or, in the absence of such a value, their fair market value determined on the basis of reasonable assumptions and cancellation fees.
O.C. 863-2010, s. 6; O.C. 426-2019, s. 11.