128. The current service contribution must be equal to or greater than the sum of
(1) the value of the obligations arising from the pension plan in respect of credited service completed over the course of the fiscal year or the part of the fiscal year referred to in paragraph 1 of section 140; and
(2) the value of the stabilization provision in respect of those obligations, according to the target level determined in accordance with section 125.
The contribution may, however, be less if it is determined using a method which, at all times, keeps the plan partially funded or fully funded at the required funding level taking into account the plan stabilization provision target level less five percentage points.
1989, c. 38, s. 128; 2006, c. 42, s. 11; 2015, c. 29, s. 24; 2016, c. 13, s. 681.