39. The contribution to be paid in each fiscal year of a pension plan is equal to or greater than,
(1) in the case of an insured plan, the current service contribution as established in section 40;
(2) in the case of an uninsured plan, the sum of the following amounts:
(a) the current service contribution, which is equal to the sum of the contribution established in accordance with sections 128 and 129 and the contribution established under defined contribution provisions; and
(b) the sum of the amortization payments determined for the fiscal year and the special payments payable during the fiscal year.
The contribution to be paid, less the member contributions, shall be borne by the employer.
In the case of a target benefit plan, that contribution, less the employer contribution stipulated in the plan, shall be borne by the members. However, it is to be paid taking into account the provisions of Division IV of Chapter X.3.
In the case of a multi-employer plan, the employer contribution shall be paid jointly by the employers who are parties to the plan.
1989, c. 38, s. 39; 2006, c. 42, s. 5; 2008, c. 21, s. 30; 2015, c. 29, s. 9; 2018, c. 2, s. 961; 2020, c. 30, s. 911a2020, c. 30, s. 911b2020, c. 30, s. 912.