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• 2 (1) These Regulations apply to the funding of a defined benefit plan and, except as otherwise provided, the Pension Benefits Standards Regulations, 1985 also apply to the funding of a plan under these Regulations.

• (2) For the purposes of these Regulations, a 2008 solvency deficiency shall be calculated in accordance with the definition solvency deficiency in subsection 9(1) of the Pension Benefits Standards Regulations, 1985 and that definition shall be interpreted, in its paragraph (d), as including the present value of any special payments that are due in the next 10 years and that have been determined before the emergence of the 2008 solvency deficiency.

• (3) In the case of an inconsistency between these Regulations and the Pension Benefits Standards Regulations, 1985, these Regulations prevail.

34 These Regulations come into force on the day on which they are registered.

33 These Regulations cease to be in force on November 1, 2019.

3 These Regulations do not apply to a solvency deficiency that emerges as the result of Air Canada electing to fund a plan in accordance with Part 2 of the Air Canada Pension Plan Solvency Deficiency Funding Regulations other than in respect of a 2008 solvency deficiency that emerges as at the end of the 2008 plan year, despite section 21 of those Regulations.

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

  special payment

  special payment means a payment or one of a series of payments that is determined in accordance with section 9 of the Pension Benefits Standards Regulations, 1985, section 9 or 13 of the Air Canada Pension Plan Solvency Deficiency Funding Regulations, section 5, 6, 7 or 19 of the Solvency Funding Relief Regulations or section 5 or 21 of these Regulations. (paiement spécial)

  2008 solvency deficiency

  2008 solvency deficiency means the solvency deficiency of a plan that emerged on the date on which the valuation that identified the deficiency was performed, as reported in the first actuarial report filed with the Superintendent after the coming into force of these Regulations, and that values the plan as at a date that is in the period beginning on November 1, 2008 and ending on October 31, 2009. (déficit de solvabilité pour l’année 2008)

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

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