Canadian Press Pension Plan Solvency Deficiency Funding Regulations, 2010

The Canadian Press Pension Plan Solvency Deficiency Funding Regulations, 2010 are a set of regulations made under the Pension Benefits Standards Act, 1985. The regulations apply to the Canadian Press pension plan and establish rules for funding the plan's solvency deficiency. The regulations require the employer to provide certain information to beneficiaries, including the solvency ratio of the plan and the amount by which the solvency liabilities exceed the solvency assets. The regulations also specify that the Canadian Press pension plan meets the standards for solvency if its funding is in accordance with these Regulations. The rules for funding the plan's solvency deficiency include a payment equal to one-sixth of one of the equal annual solvency special payments, as well as monthly payments equal to the aggregate of certain amounts. The regulations also provide for the application of gains and the reduction of the aggregate amount of deferred special payments. Additionally, the regulations specify that if the employer does not comply with certain provisions, it shall immediately notify the Superintendent in writing and pay into the pension fund any outstanding amounts.