140. Any amount determined pursuant to subparagraph 4 of the second paragraph of section 137 shall be paid into the pension fund by the employer within five years after the date of the actuarial valuation.
The last paragraph of section 39, sections 41 and 128, the first and second paragraphs of section 129 and section 132, adapted as required, apply to the determination or payment, as the case may be, of such amount. Unless the pension plan sets a higher interest rate, any amount so determined and not paid into the pension fund bears interest, from the last day of the month following that for which it should have been paid, at the rate of return of the pension fund.
Such amount may be used to reduce proportionately and in accordance with section 133 the amortization amounts which, five years after the date of the actuarial valuation, remain to be paid in respect of any technical actuarial deficiency or improvement unfunded actuarial liability.
1989, c. 38, s. 140; 2000, c. 41, s. 82.