R-15.1 - Supplemental Pension Plans Act

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146.83. Benefits that have been reduced may be restored if, at the date of an actuarial valuation of the plan, the plan’s assets are both greater than 105% of its liabilities and greater than its liabilities increased by 50% of the value of the stabilization provision target level, on a funding basis.
No such restoration may, however, result in the plan’s assets being less than the greater of 105% of its liabilities and its liabilities increased by 50% of the value of the stabilization provision target level.
2020, c. 302020, c. 30, s. 61.