R-26.2.1 - Act respecting the restructuring of university-sector defined benefit pension plans

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6. The following rules apply with respect to the actuarial valuation as at 31 December 2015:
(1)  the provision for adverse deviation referred to in the second paragraph of section 13 of the Regulation respecting the funding of pension plans of the municipal and university sectors (chapter R-15.1, r. 2) is established at zero;
(2)  the monthly payments relating to funding deficiencies determined in an actuarial valuation prior to 31 December 2015 are eliminated;
(3)  a single deficiency, to be known as a “technical actuarial funding deficiency”, is determined and corresponds to the amount by which the liabilities determined on a funding basis exceed the assets determined on a funding basis, to which the special amortization payment is added;
(4)  the assets and liabilities relating to defined contribution-type provisions must not be taken into consideration in the assets and liabilities of the pension plan to determine the technical actuarial funding deficiency.
2016, c. 13, s. 6.