R-15.1, r. 6.2 - General Regulation respecting supplemental pension plans

Full text
35. The reduction of a pension credit contemplated in section 42 of the Act shall be equal to the amount obtained in multiplying the value determined according to the second paragraph of this section by the proportion established according to the third paragraph of this section.
The total value of the reduction of the pension credits having created in initial unfunded liability not fully funded on termination date is equal to the lesser of:
(a)  the difference on termination date between the aggregate, in respect of all members and beneficiaries, of the pension credits calculated taking into account section 34 and the market value of the total assets;
(b)  the actual value on termination date of the special contributions that would have been payable with respect to the initial unfunded liability had the plan not terminated.
The proportion to be used for the reduction of a given pension credit is the ratio that the part of such pension credit which has created the initial unfunded liability bears to the aggregate of all parts of pension credits which have created such initial unfunded liability.
The actual value on termination date of the benefit which has created the initial unfunded liability is the part of pension credit mentioned in the preceding paragraph.
R.R.Q., 1981, c. R-17, r. 1, s. 35.