Air Canada Pension Plan Funding Regulations, 2014 (SOR/2013-244)

Marginal note:Definitions

• 1 (1) The following definitions apply in these Regulations.

  Air Canada pension plan

  Air Canada pension plan or plan means a defined benefit plan administered by Air Canada that was established before May 2, 2013, excluding a multi-employer pension plan. (régime de pension d’Air Canada ou régime)

  solvency deficiency

  solvency deficiency means the amount by which the solvency liabilities of a plan that are determined by means of a solvency valuation of the plan, exceed the aggregate of the market value of the assets of the plan related to the defined benefit provisions that is determined by means of the solvency valuation of the plan. (déficit de solvabilité)

• Marginal note:Interpretation

  (2) Except as otherwise provided in these Regulations, words and expressions used in these Regulations have the same meaning as in the Pension Benefits Standards Regulations, 1985.