R-15.1 - Supplemental Pension Plans Act

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42.2. The amount of employer contributions that are technical amortization payments or stabilization amortization payments, except those paid by letter of credit, must be the subject of special monitoring. The amount of the following sums paid by the employer must also be included:
(1)  payments in excess of the employer contributions required, excluding interest payable due to a delay in a contribution payment or as the balance of the value of the benefits referred to in section 146;
(2)  payments to reduce a letter of credit, provided that, in the case of a letter of credit relating to a contribution payable before 1 January 2016, the contribution would have been recorded in accordance with section 288.3 had the employer not been relieved of paying it by such a letter of credit; and
(3)  if provided for in the annuity purchasing policy, special annuity purchasing payments.
The amount of member contributions that are technical amortization payments or stabilization amortization payments must also be the subject of special monitoring.
Interest on those amounts, at the rate of return obtained on the investment of the plan assets, reduced by the investment and administration fees, must also be included.
Any surplus assets appropriated to the payment of employer current service contributions or transferred to the employer, in accordance with section 146.8, must be deducted from the amounts recorded under the first paragraph. Likewise, any surplus assets appropriated, in accordance with that section, to the payment of member current service contributions or to the payment of the value of the additional obligations arising from an amendment to the plan must be deducted from the amounts recorded, if applicable, under the second paragraph.
An employer may apply to the pension committee to have the amounts recorded under the first paragraph reduced by the amount the employer indicates.
2015, c. 29, s. 13; 2018, c. 2, s. 98.
42.2. Employer contributions that are technical amortization payments or stabilization amortization payments, except those paid by letter of credit, must be the subject of special monitoring. Employer contributions paid in excess of the contributions required must be included as well.
Member contributions that are technical amortization payments or stabilization amortization payments must also be the subject of special monitoring.
Interest on those contributions, at the rate of return obtained on the investment of the plan assets, reduced by the investment and administration fees, must be included as well.
2015, c. 29, s. 13.