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. 132016, c. 13, s. 6.