Air Canada Pension Plan Solvency Deficiency Funding Regulations (SOR/2004-174)

4 An initial solvency deficiency and any subsequent solvency deficiency of a plan may be funded in accordance with this Part if the following information is filed with the Superintendent not later than the day on which the initial order expires:

• (a) an actuarial report that values the plan as at January 1, 2004;

• (b) a statement by Air Canada confirming that the beneficiary representatives have consented on behalf of the members, former members and other beneficiaries of the plan to the funding of the solvency deficiency of the plan in accordance with these Regulations;

• (c) a certified copy of a resolution of the board of directors of Air Canada agreeing to the funding of the solvency deficiency of the plan in accordance with these Regulations;

• (d) a copy of the promissory note issued in respect of the plan and referred to in section 4 of the Protocol as well as a copy of the security agreement referred to in paragraph 5(b) of the Protocol; and

• (e) confirmation by Air Canada that contributions equal to the normal cost of the plan required to be remitted on or before the day on which these Regulations come into force and, if applicable, the special payments referred to in paragraph 11(c) of the Protocol have been remitted to the pension fund.