142.3. The values referred to in this division are determined by applying sections 211 and 212 and subparagraph 1 of the second paragraph of section 212.1, with the necessary modifications. In the case of pensions already in payment, inasmuch as they are not guaranteed by an insurer at the valuation date, those values must be determined according to an estimation of the premium that an insurer would charge to guarantee the pensions at the valuation date.
In the case of a target benefit plan, those values are determined according to the rules set out in section 146.89.
2015, c. 29, s. 24; 2018, c. 2, s. 1061; 2020, c. 30, s. 441.