Canadian Press Pension Plan Solvency Deficiency Funding Regulations, 2010
Version of section 10 from 2015-04-01 to 2024-06-11:
10 (1) If the aggregate value of the subsidized portion of early retirement benefits consented to since January 1, 2009 reduces the solvency ratio of a Canadian Press pension plan as at December 31, 2008 by more than 10%, the employer shall immediately pay to the pension fund an amount that would restore the solvency ratio to the value as at December 31, 2008 minus 10% and shall immediately notify the Superintendent in writing of the payment.
(2) For the purpose of subsection (1), the solvency ratio has been reduced by more than 10% if
(A – B)/A > 0.10
where
- A
- is the solvency ratio determined as at December 31, 2008; and
- B
- is the solvency ratio determined as at December 31, 2008 taking into consideration the aggregate value of the subsidized portion of early retirement benefits consented to since January 1, 2009.
- SOR/2015-60, s. 55(F)
- Date modified: