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Solvency Funding Relief Regulations, 2009

Version of section 27 from 2009-06-11 to 2015-03-31:


 When the administrator provides the written statement under paragraph 28(1)(b) of the Act while the plan is being funded in accordance with this Part, the administrator shall also provide the following information:

  • (a) the amount of the 2008 solvency deficiency or the solvency deficiency calculated in accordance with the definition solvency deficiency in subsection 9(1) of the Pension Benefits Standards Regulations, 1985, as the case may be, that is being funded under this Part;

  • (b) the fact that the deficiency is to be funded in accordance with this Part by equal annual payments over a period not exceeding 10 years; and

  • (c) the aggregate face amount of all of the letters of credit that are held by the holder in respect of the plan.


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