R-15.1, r. 6 - Regulation respecting supplemental pension plans

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21. The reference rate for a year is determined on the basis of the month-end, nominal rate of interest earned on long-term bonds issued by the Government of Canada for the month of November preceding the beginning of the fiscal year, as compiled monthly by Statistics Canada and published in the Bank of Canada Banking and Financial Statistics, Series V122487 in the CANSIM system, by applying successively to that rate the following adjustments:
(1)  an increase of 0.5%;
(2)  the conversion of the increased rate, based on interest compounded semi-annually, to an effective annual rate of interest;
(3)  the rounding of the effective interest rate to the nearest multiple of 0.5%.
The reference rate thus determined may not, however, be less than 6%.
O.C. 1158-90, s. 21; Erratum, 1991 G.O. 2, 41; O.C. 1681-97, s. 10; O.C. 1073-2009, s. 7.