R-15.1 - Supplemental Pension Plans Act

Full text
146.3.6. (Replaced).
2006, c. 42, s. 13; 2015, c. 29, s. 27.
146.3.6. The appropriation of the surplus assets of a pension plan to the payment of employer contributions must cease
(1)  in the case of a pension plan referred to in section 146.3.4, at the date of any actuarial valuation showing that there are no surplus assets determined on a funding basis, or that assets determined on a solvency basis no longer exceed liabilities increased by the provision for adverse deviation referred to in subparagraph 2 of the first paragraph of section 128; and
(2)  in the case of a pension plan referred to in section 146.3.5, as soon as the condition set out in paragraph 1 of that section is no longer met.
2006, c. 42, s. 13.