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

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23. The part of the technical actuarial funding deficiency assumed by the employer and that corresponds to the lesser of the following amounts may not be consolidated:
(1)  the amount of the deficiency assumed by the active members and retired members under sections 20 and 21; and
(2)  the amount of the technical actuarial funding deficiency to be assumed by the employer under the first paragraph of section 22.
For the purposes of the first paragraph, the amount of the deficiency assumed by the active members under sections 20 and 21 must be determined without reference to the limit agreed on by the employer and the active members under section 25.
The employer must repay, over a maximum period of 15 years, the part of the technical actuarial funding deficiency that may not be consolidated.
The employer may, with respect to a fiscal year of the pension plan, pay an additional amount to accelerate repayment of that part of the technical actuarial funding deficiency.
2016, c. 132016, c. 13, s. 23.