Solvency Funding Relief Regulations, 2009

The Solvency Funding Relief Regulations, 2009, were made by Her Excellency the Governor General in Council pursuant to the Pension Benefits Standards Act, 1985. The regulations provide relief from solvency funding requirements for pension plans that have a deficit as of the end of the 2008 plan year.

The regulations define key terms such as "acceptable rating," "solvency shortfall," and "special payments." They also outline general funding rules, including the payment of special payments to fund a deficiency. The regulations apply to defined benefit plans and provide for a 10-year funding period.