R-15.1 - Supplemental Pension Plans Act

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136. Every funding deficiency must be amortized by dividing it into as many amounts as there are full months included in the amortization period.
1989, c. 38, s. 136; 2006, c. 42, s. 11; 2015, c. 29, s. 24.
136. The funding method used for an actuarial valuation must be consistent with generally accepted actuarial principles and be based on the assumption that the pension plan is perpetual.
The actuarial assumptions and methods used in verifying the funding of a plan must be suited, in particular, to the type of plan concerned, its obligations and the position of the pension fund.
1989, c. 38, s. 136; 2006, c. 42, s. 11.
136. A pension plan is solvent if its assets are equal to or greater than its liabilities.
1989, c. 38, s. 136.