Air Canada Pension Plan Funding Regulations, 2014

'The Air Canada Pension Plan Funding Regulations, 2014 provide rules for funding pension plans administered by Air Canada. The regulations specify that every plan must be funded in each plan year by contributions equal to the normal cost of the plan, an amount determined under the formula provided, and any other payments required to be paid in accordance with paragraph 5(1)(b). A special payment is also required for the 2020 plan year. If Air Canada chooses to discontinue funding of all its pension plans under these regulations for a plan year, certain provisions will cease to apply on December 31 of the previous plan year. The regulations also specify that the solvency ratio level is 1.0 and provide rules for special payments upon plan termination. The regulations come into force on January 1, 2014.'