O. Reg. 196/11: ABIBOW CANADA INC. PENSION PLANS


Published: 2011-06-03

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ONTARIO REGULATION 196/11

made under the

PENSION BENEFITS ACT

Made: June 1, 2011
Filed: June 3, 2011
Published on e-Laws: June 7, 2011
Printed in The Ontario Gazette: June 18, 2011


ABIBOW CANADA INC. PENSION PLANS

CONTENTS

Application

1.

Purpose

Interpretation

2.

Interpretation

3.

Participating Ontario pension plans

4.

Participating Quebec pension plans

Contributions and Other Payments

5.

Overview of contributions and other payments to the Ontario pension plans

6.

Initial basic amortization contribution

7.

Annual basic amortization contributions after June 30, 2011

8.

Additional contributions beginning in 2013

9.

Supplemental contributions beginning in 2016

10.

Amortization of aggregate supplemental contributions

11.

Special contributions re reduction in pulp and paper production capacity in Ontario

12.

Amortization of aggregate special contributions

13.

Special payment for benefit improvements

14.

Voluntary contributions

Corrective Measures and Other Measures

15.

Duty to take corrective measures

16.

Reports about corrective measures

17.

Other measures to increase contributions after 2015

Other Payments and Transfers

18.

Wind up of participating pension plans

19.

Partial wind up, transfers for former members

20.

Transfer of commuted value

21.

Payment of Guarantee Fund assessment

22.

Guarantee Fund, calculation of guaranteed benefits

Financial and Actuarial Matters

23.

Adjusted solvency assets

24.

Adjusted solvency deficiency

25.

Free cash flow of AbitibiBowater Inc.

26.

Full funding of Ontario pension plans

27.

Various ratios about solvency

Reports to the Superintendent

28.

Overview of reports

29.

Interim report, participating Ontario pension plans

30.

Initial report, participating Ontario pension plans

31.

Annual reports, participating Ontario pension plans

32.

Final report, participating Ontario pension plans

33.

Interim combined report, all participating pension plans

34.

Initial combined report, all participating pension plans

35.

Annual combined reports, all participating pension plans

Information for Members and Former Members

36.

Statement for members and former members

37.

Statement for bargaining agents

Exemptions

38.

Additional exemptions from the Act and General Regulation

Commencement

39.

Commencement

Schedule 1

Ontario pension plans

Schedule 2

Quebec pension plans


Application

Purpose

1. (1) This Regulation implements, in part, certain agreements involving Ontario, Quebec and AbiBow Canada Inc. relating to the funding of the Ontario pension plans listed in Schedule 1 and the Quebec pension plans listed in Schedule 2.

(2) The agreements provide for aggregate funding of all of these pension plans during a specified period and for the apportionment of the aggregate funding among them.

Interpretation

Interpretation

2. (1) In this Regulation, expressions relating to the Ontario pension plans have the same meaning as in the General Regulation, except where otherwise indicated, and expressions relating to the Quebec pension plans have the same meaning as in the Quebec Regulation.

(2) In this Regulation,

“General Regulation” means Regulation 909 of the Revised Regulations of Ontario, 1990 (General) made under the Act;

“Ontario pension plan” means a pension plan listed in Schedule 1 that is registered under the Act;

“Quebec pension plan” means a pension plan listed in Schedule 2 that is registered with the Régie des rentes du Québec under the Supplemental Pension Plans Act, R.S.Q., c. R-15.1;

“Quebec Regulation” means the regulation made under paragraphs 2 and 3 of section 2 of the Supplemental Pension Plans Act, R.S.Q., c. R-15.1 that implements, in part, the agreements referred to in subsection 1 (1).

Participating Ontario pension plans

3. (1) For the purposes of this Regulation, an Ontario pension plan is a participating Ontario pension plan until the earliest of the following dates:

1. December 31, 2020.

2. December 31 of the earlier year that is specified by the employer in an election filed under subsection (2).

3. The valuation date of a report filed under this Regulation that indicates that the plan is fully funded.

(2) The employer may elect to have a particular Ontario pension plan cease to be a participating plan on December 31 of a year before 2020, and the employer shall file the election in writing before that date.

(3) However, a pension plan immediately ceases to be a participating Ontario pension plan if, at any time, it provides pension benefits in respect of employment after December 31, 2010.

Participating Quebec pension plans

4. (1) For the purposes of this Regulation, a Quebec pension plan is a participating Quebec pension plan until the earliest of the following dates:

1. December 31, 2020.

2. The date on which the pension plan ceases under subsection (2) to be a participating pension plan.

3. The date as of which the pension plan is fully funded, according to an annual combined report filed under section 35.

(2) If, under the Quebec Regulation, the applicable employer makes an election that a particular pension plan ceases to be a participating pension plan under that regulation, the pension plan also ceases to be a participating Quebec pension plan under this Regulation on the same date.

Contributions and Other Payments

Overview of contributions and other payments to the Ontario pension plans

5. (1) The employer is required to make the following contributions to each Ontario pension plan in accordance with this Regulation:

1. Initial basic amortization contribution to the pension plan for the period from December 9, 2010 to June 30, 2011, as described in section 6.

2. Annual basic amortization contributions to the pension plan beginning with July 2011, as described in section 7.

3. Additional contributions to the pension plan beginning in 2013, in the circumstances described in section 8 and as described in that section.

4. Supplemental contributions to the pension plan beginning in 2016, in the circumstances described in section 9 and as described in that section.

5. Special contributions to the pension plan in the circumstances described in section 11 and as described in that section.

(2) If benefit improvements are made under a participating Ontario pension plan, the special payment that may be required to fund the benefit improvements must be made in accordance with section 13.

(3) If the employer wishes to make voluntary contributions to any participating Ontario pension plan, the voluntary contributions described in section 14 may only be made in accordance with section 14.

(4) Despite sections 6 to 14, the employer (or a person or entity required to make contributions on behalf of the employer) is not required to make contributions to a pension plan that would exceed the limit under the Income Tax Act (Canada) for eligible contributions.

(5) To the extent that subsection (4) applies to a pension plan, contributions, if any, under sections 7 to 11 that would exceed the limit under the Income Tax Act (Canada) for eligible contributions should be reallocated in accordance with the rules of the respective section as if the plan had ceased to be a participating pension plan.

Initial basic amortization contribution

6. (1) The employer (or a person or entity required to make contributions on behalf of the employer) shall make the contribution required by this section (the “initial basic amortization contribution”) to each of the participating Ontario pension plans for the period from December 9, 2010 to June 30, 2011.

(2) The initial basic amortization contribution to a particular Ontario pension plan is payable as a lump sum before the earlier of July 31, 2011 or the day that is 30 days after the initial combined report is filed.

(3) The amount of the initial basic amortization contribution that must be made to a particular Ontario pension plan is calculated using the formula,

A × B/C

in which,

“A” is $28,150,687,

“B” is the amount of the adjusted solvency deficiency of the plan as of September 30, 2010, and

“C” is the sum of the adjusted solvency deficiencies for every participating pension plan as of September 30, 2010.

Annual basic amortization contributions after June 30, 2011

7. (1) The employer (or a person or entity required to make contributions on behalf of the employer) shall make the annual contribution that is required by this section (the “annual basic amortization contribution”) to each of the participating Ontario pension plans for each 12-month period that begins on July 1, 2011 or on July 1 of a subsequent year.

(2) The amount of the annual basic amortization contribution for the 12-month period that begins on July 1 of a particular year is determined using the information in the annual combined report prepared with reference to the valuation date that falls on December 31 of the previous year.

(3) The annual basic amortization contribution is payable in equal monthly instalments, and the amount payable for each month is due on or before the last business day of the month.

(4) The amount of the annual basic amortization contribution that must be made to a particular participating Ontario pension plan under this section for a particular month during the 12-month period is calculated using the formula,

$4,166,667 × D/E

in which,

“D” is the amount of the adjusted solvency deficiency of the plan as of the applicable valuation date, and

“E” is the sum of the adjusted solvency deficiencies for every participating pension plan as of the applicable valuation date.

(5) The obligation to make the annual basic amortization contribution to a particular Ontario pension plan is terminated when the pension plan ceases to be a participating pension plan.

(6) If an Ontario or Quebec pension plan ceases to be a participating pension plan before its annual basic amortization contribution is made in whole or in part under this section (or under the corresponding provision of the Quebec Regulation) to that pension plan, the amount of the unpaid annual basic amortization contribution to be made to that pension plan shall be reallocated among the remaining participating pension plans in accordance with the formula set out in subsection (4).

(7) The portion of the annual basic amortization contribution for a particular month reallocated to a particular participating Ontario pension plan is payable to the pension plan as a lump sum within 30 days after the end of the 12-month period described in subsection (1) as it would have been payable to the formerly-participating pension plan.

(8) Despite subsections (5), (6) and (7), if a particular Ontario pension plan ceases to be a participating pension plan because it is fully funded before December 31, 2020,

(a) the obligation to make the annual basic amortization contribution to the pension plan ends on June 30 after the valuation date of the final report filed under section 32; and

(b) the monthly contributions made from that valuation date to that June 30th are deemed to be special payments under clause 5 (1) (e) of the General Regulation for purposes of the calculation of present value referred to in clause 1.2 (1) (d) of the General Regulation.

Additional contributions beginning in 2013

8. (1) The employer (or a person or entity required to make contributions on behalf of the employer) shall make an additional contribution in accordance with this section to a participating Ontario pension plan for 2013 or a subsequent year if the aggregate solvency ratio as of December 31 of the previous year for all participating pension plans is less than the target aggregate solvency ratio as of the same date.

(2) The amount of the additional contribution to a participating Ontario pension plan for a year is calculated using the formula,

F × G/H

in which,

“F” is the lesser of $15 million and an amount equal to 15 per cent of the free cash flow of AbitibiBowater Inc. as determined under subsection 25 (1) for the year ending on December 31 of the previous year,

“G” is the amount of the adjusted solvency deficiency of the plan as of December 31 of the previous year, and

“H” is the sum of the adjusted solvency deficiencies for every participating pension plan as of December 31 of the previous year.

(3) For the purposes of subsection (2), the variable “F” is deemed to be $15 million for a year in either of the following circumstances:

1. If the administrator fails to give the Superintendent information requested under subsection 25 (2) for the year.

2. If the free cash flow for the year cannot be determined under subsection 25 (1) for any other reason.

(4) The additional contribution for a year is payable as a lump sum on or before July 31.

(5) The obligation to make additional contributions to a pension plan under this section is terminated when the pension plan ceases to be a participating pension plan.

(6) If an Ontario or Quebec pension plan ceases to be a participating pension plan before its additional contribution is paid in whole or in part under this section (or under the corresponding provision of the Quebec Regulation) to that pension plan, the amount of the unpaid additional contribution to be paid to that pension plan shall be reallocated among the remaining participating pension plans in accordance with the formula set out in subsection (2).

(7) The portion of the additional contribution reallocated to a particular participating Ontario pension plan is payable to the pension plan in the same year as it would have been payable to the formerly-participating pension plan.

Supplemental contributions beginning in 2016

9. (1) This section applies with respect to any year from 2016 to 2020 in which both of the following circumstances exist:

1. The aggregate solvency ratio of all participating pension plans as of December 31 of the previous year is less than the target minimum aggregate solvency ratio as of the same date.

2. The amount of “J” is less than the amount of “K” where,

“J” is the sum of all monthly basic amortization contributions under section 7 and all additional contributions under section 8 (or under the corresponding provisions of the Quebec Regulation) that were made during the previous year to all participating pension plans, and

“K” is the sum of all payments made from all participating pension plans during the previous year for unfunded benefits, as determined under subsection (13).

(2) The employer (or a person or entity required to make contributions on behalf of the employer) shall make the supplemental contributions required by this section with respect to each year described in subsection (1).

(3) Supplemental contributions to be made to participating Ontario pension plans during a particular year before 2021 are determined in two stages:

1. Stage one: Stage one supplemental contributions are determined for all participating Ontario pension plans with an adjusted solvency ratio that is less than its target solvency ratio as of December 31 of the previous year.

2. Stage two: Stage two supplemental contributions are determined for all participating Ontario pension plans, if the aggregate supplemental contributions payable during the year are not fully allocated during stage one.

(4) Supplemental contributions to be made to Ontario pension plans during a particular year after 2020 are determined in two stages:

1. Stage one: Stage one supplemental contributions are determined for all Ontario pension plans that, as of December 31, 2019, were participating pension plans with an adjusted solvency ratio that was less than its target solvency ratio.

2. Stage two: Stage two supplemental contributions are determined for all Ontario pension plans that, as of December 31, 2019, were participating pension plans, if the aggregate supplemental contributions payable during the year are not fully allocated during stage one.

(5) The amount of the stage one supplemental contribution to be made to an Ontario pension plan during a particular year before 2021 is calculated using the formula,

L × M/N

in which,

“L” is the lesser of,

(a) the amount of “N”, or

(b) the amount of the aggregate supplemental contribution that, under section 10, is payable during the year to all participating pension plans,

“M” is the greater of zero and the amount of the additional plan assets, if any, that would be needed to raise the Ontario pension plan’s adjusted solvency ratio so that it equals its target solvency ratio, both determined as of December 31 of the previous year, and

“N” is the sum of the amounts of “M” for every participating pension plan.

(6) The amount of the stage two supplemental contribution, if any, to be made to an Ontario pension plan during a particular year before 2021 is calculated using the formula,

P × Q/R

in which,

“P” is the remaining amount, if any, of the aggregate supplemental contribution that, under section 10, is payable during the year to all participating pension plans and that has not been allocated during stage one (or under the corresponding provisions of the Quebec Regulation),

“Q” is the amount of the adjusted solvency deficiency of the Ontario pension plan as of December 31 of the previous year, and

“R” is the sum of the adjusted solvency deficiencies for every participating pension plan as of December 31 of the previous year.

(7) The amount of the stage one supplemental contribution to be made to an Ontario pension plan during a particular year after 2020 is calculated using the formula set out in subsection (5) but in which “M” is determined as of December 31, 2019.

(8) The amount of the stage two supplemental contribution to be made to an Ontario pension plan during a particular year after 2020 is calculated using the formula set out in subsection (6) but in which “Q” and “R” are determined as of December 31, 2019.

(9) The supplemental contributions payable during a year are payable as a lump sum on or before July 31.

(10) If, before December 31, 2020, an Ontario or Quebec Pension plan ceases to be a participating pension plan before the supplemental contribution with respect to a year is paid in whole or in part under this section (or under the corresponding provision of the Quebec Regulation) to that pension plan, the amount of the unpaid supplemental contribution shall be reallocated among the remaining participating pension plans in accordance with the formulas set out in subsections (5) and (6).

(11) The portion of the supplemental contribution reallocated to a particular participating Ontario pension plan is payable to the pension plan in the same year as it would have been payable to the formerly-participating pension plan.

(12) Supplemental contributions made under subsections (7) and (8) are deemed to be special payments under clause 5 (1) (e) of the General Regulation for purposes of the calculation of present value referred to in clause 1.2 (1) (d) of the General Regulation.

(13) For the purposes of subsection (1), the amount of the payments made in a particular year from a pension plan for unfunded benefits is the amount determined in accordance with the following rules:

1. Calculate the amount of the payments made for unfunded pensions during the year using the formula,

S × (T – U)

in which,

“S” is the amount paid from the pension plan during the year for pensions,

“T” is 100 per cent, and

“U” is the adjusted solvency ratio of the pension plan as of December 31 of the previous year.

2. Determine the sum of the payments of unfunded commuted value made during the year from every participating pension plan, which is an amount equal to the aggregate of transfer deficiencies that are transferred during the year from every participating pension plan,

i. excluding any transfer deficiencies paid from a pension plan during a year when the latest annual report or the initial report, as the case may be, indicates that the pension plan has a transfer ratio of one or more, and

ii. excluding any transfer deficiencies funded through contributions made to a pension plan that are in addition to the contributions required under this Regulation.

3. Add the amounts calculated in accordance with paragraphs 1 and 2.

Amortization of aggregate supplemental contributions

10. (1) This section applies with respect to each year in which section 9 also applies.

(2) The amount of the aggregate supplemental contribution to be made with respect to a year in which section 9 applies is the greater of zero and the amount calculated using the formula,

V – (W + X)

in which,

“V” is the sum of all payments made in the previous year from every participating pension plan for unfunded benefits, as determined under subsection 9 (13),

“W” is the sum of all basic amortization contributions made during the previous year to every participating pension plan, and

“X” is the sum of all additional contributions under section 8 made during the previous year to every participating pension plan.

(3) Despite subsection (2), the amount of the aggregate supplemental contribution to be made with respect to the first year in which section 9 applies is the lesser of $25 million and the amount determined under subsection (2).

(4) The aggregate supplemental contribution to be made with respect to a particular year — other than the first year in which section 9 applies — may be amortized over three years.

(5) If the aggregate supplemental contribution with respect to a particular year is amortized, it is payable in equal annual instalments during each of the three years that begin with the particular year, together with interest calculated at the same rate effective December 31 of the previous year that would be used to determine the minimum commuted value of a pension, deferred pension or ancillary benefit under subsection 29 (2) of the General Regulation.

(6) For the purposes of the calculations under section 9, the amount of the aggregate supplemental contribution that is payable during a particular year to all participating pension plans is the sum of the following amounts:

1. The amount of the aggregate supplemental contribution to be made with respect to the year, if that amount is not amortized under subsection (4).

2. The amounts, if any, that are payable under subsection (5) during the year, if the amount of the aggregate supplemental contribution for the year and any of the two preceding years has been amortized under subsection (4).

Special contributions re reduction in pulp and paper production capacity in Ontario

11. (1) The administrator of a participating Ontario pension plan shall notify the Superintendent if, under an agreement referred to in section 1, a special contribution to one or more participating Ontario pension plans is required as a result of a reduction in the employer’s pulp and paper production capacity in Ontario or Quebec.

(2) The notice to the Superintendent must contain particulars of the special contribution required under the agreement.

(3) The employer (or a person or entity required to make contributions on behalf of the employer) shall make the special contribution to the participating Ontario pension plans in accordance with this section.

(4) The amount of the special contribution that must be made to a particular participating Ontario pension plan for a year before 2020 is calculated using the formula,

Y × Z/AA

in which,

“Y” is the aggregate amount of the special contribution that, under section 12, is payable during the year to all participating pension plans,

“Z” is the amount of the adjusted solvency deficiency of the particular pension plan as of December 31 of the previous year, and

“AA” is the sum of the adjusted solvency deficiencies of all participating pension plans as of December 31 of the previous year.

(5) Any special contribution payable for a year is payable as a lump sum on or before July 31.

(6) If, before December 31, 2020, an Ontario or Quebec pension plan ceases to be a participating pension plan before the special contribution for a year is paid under this section (or under the corresponding provision of the Quebec Regulation), the amount of the unpaid special contribution to be made to that pension plan shall be reallocated among the remaining participating pension plans in accordance with the formula set out in subsection (4).

(7) The portion of the special contribution reallocated to a particular participating Ontario pension plan is payable to the pension plan in the same year as it would have been payable to the formerly-participating pension plan.

(8) At the Superintendent’s request, the administrator shall give the Superintendent such information and documents as the Superintendent may specify relating to the special contributions.

Amortization of aggregate special contributions

12. (1) This section applies if, under an agreement referred to in section 1, a special contribution to one or more participating Ontario pension plans is required for a year as a result of a reduction in the employer’s pulp and paper production capacity in Ontario or Quebec.

(2) The aggregate amount of the special contribution that is required for a particular year under the agreement may be amortized over four years.

(3) If the aggregate amount for a particular year is amortized, it is payable in equal annual instalments during each of the four years that begin with the particular year, together with interest calculated at the same rate effective December 31 of the previous year that would be used to determine the minimum commuted value of a pension, deferred pension or ancillary benefit under subsection 29 (2) of the General Regulation.

(4) For the purposes of the calculations under section 11, the aggregate amount of the special contribution that is payable during a particular year to all participating pension plans is the sum of the following amounts:

1. The aggregate amount of the special contribution that is required for the particular year, if that amount is not amortized under subsection (2).

2. The amounts, if any, that are payable under subsection (3) during the year, if the aggregate amount of the special contribution for the year and any of the three preceding years has been amortized under subsection (2).

Special payment for benefit improvements

13. (1) If benefit improvements are made under a participating Ontario pension plan, the employer (or a person or entity required to make contributions on behalf of the employer) shall make a special payment in accordance with this section to fund the additional liabilities related to the benefit improvements.

(2) The amount of the special payment is the greater of “BB” and “CC” where,

“BB” is the increase in going concern liabilities attributable to the benefit improvements, determined as of the effective date of the benefit improvements, and

“CC” is the increase in solvency liabilities attributable to the benefit improvements, determined as of the same date.

(3) The special payment (together with interest from the effective date of the benefit improvements) is payable as a lump sum not more than 30 days after the report is filed under section 3 of the General Regulation.

(4) For the purposes of this Regulation, benefit improvements are made under a pension plan if an amendment to the plan affects the pensions, pension benefits or ancillary benefits provided by the plan and increases the amount of the normal cost, the going concern unfunded liabilities or the solvency deficiencies of the plan and if the amendment is filed on or after the day this Regulation comes into force.

Voluntary contributions

14. (1) This section applies if the employer (or a person or entity required to make contributions on behalf of the employer) wishes to make a contribution (a “voluntary contribution”) to any participating pension plan for a year and the contribution is not required under any other provision of this Regulation and is not a lump sum payment referred to in paragraph 3 of subsection 20 (2) to fund transfer deficiencies.

(2) If the employer wishes to make a voluntary contribution to one or more participating pension plans for a year, the employer (or a person or entity required to make contributions on behalf of the employer) shall make contributions to the participating Ontario pension plans in accordance with this section.

(3) The employer (or a person or entity required to make contributions on behalf of the employer) is not permitted to make a voluntary contribution to any participating pension plan for a year unless the annual combined report prepared as of December 31 of the preceding year or a revised annual combined report sets out the details of the proposed voluntary contribution.

(4) The amount of the voluntary contribution that must be made to a particular participating Ontario pension plan for a year is calculated using the formula,

DD × Z/AA

in which,

“DD” is the amount of the voluntary contribution for the year to be made to all participating pension plans,

“Z” has the same meaning as in subsection 11 (4), and

“AA” has the same meaning as in subsection 11 (4).

(5) Any voluntary contribution payable for a year is payable as a lump sum within 30 days after the report is filed.

Corrective Measures and Other Measures

Duty to take corrective measures

15. (1) This section applies if, as of a valuation date of December 31, 2014 or an earlier valuation date, the aggregate solvency ratio of all of the participating pension plans is less than the target aggregate solvency ratio by more than 5 per cent, according to any combined report filed under this Regulation.

(2) After consulting with the applicable bargaining agents, the administrators of the participating Ontario pension plans shall take corrective measures to ensure that the aggregate solvency ratio of all of the participating pension plans reaches or exceeds the target aggregate solvency ratio within five years after the valuation date of a combined report, as determined under section 16.

Reports about corrective measures

16. (1) The administrator of each participating Ontario pension plan shall give the Superintendent written notice of the corrective measures to be taken with respect to the pension plan and shall file all documents required under the Act or the General Regulation relating to the corrective measures within nine months after the combined report identifying the need for the corrective measures is filed.

(2) The administrator of each participating Ontario pension plan shall file an actuarial cost certificate respecting the corrective measures taken with respect to the pension plan, and an actuarial cost certificate respecting the corrective measures taken with respect to all participating pension plans affected by the corrective measures, and the certificates must be filed within nine months after the combined report referred to in subsection (1) is filed.

(3) The actuarial cost certificates must be prepared by an actuary as of the valuation date of the combined report referred to in subsection (1).

(4) The actuarial cost certificate prepared for a particular participating Ontario pension plan must contain the following information:

1. A description of any increase in contributions and any changes to pension benefits that will occur over the five-year period after the valuation date of the combined report referred to in subsection (1) as a result of the corrective measures.

2. The present value of any increase in contributions that will occur over the five-year period as a result of the corrective measures.

3. The changes in the amount of the plan’s going concern liabilities and solvency liabilities, as of the valuation date of the combined report, that would result from any changes to pension benefits that will occur over the five-year period.

4. Any changes to the information required by paragraphs 1 to 4, 8 and 10 of subsection 31 (3) (annual report) that would result from the corrective measures.

(5) The actuarial cost certificate prepared with respect to all participating pension plans affected by the corrective measures must contain the information described in subsection (4) for each participating pension plan affected by the corrective measures.

(6) The actuarial cost certificate prepared with respect to all participating pension plans affected by the corrective measures must also demonstrate that the corrective measures will, over the five-year period following the valuation date of the combined report referred to in subsection (1), increase the aggregate solvency ratio so that it is equal to the target aggregate solvency ratio.

(7) For the purposes of subsection (6), the aggregate solvency ratio is to take into account the present value of any increase in contributions and any changes to pension benefits that will occur over the five-year period as a result of the corrective measures.

(8) For the purposes of this section, the present value of any increase in contributions to a particular pension plan is to be determined using the same rate effective December 31 of the previous year that would be used to determine the minimum commuted value of a pension, deferred pension or ancillary benefit under subsection 29 (2) of the General Regulation.

Other measures to increase contributions after 2015

17. (1) After December 31, 2015, the Superintendent may require the employer to consider taking measures that will result in contributions to the participating Ontario pension plans that exceed those required by this Regulation, if the Superintendent considers that such measures are appropriate based on the financial condition of AbitibiBowater Inc.

(2) The Superintendent may require the employer to file a written report about such measures.

Other Payments and Transfers

Wind up of participating pension plans

18. (1) Subsection 75 (1) of the Act does not apply with respect to the partial wind up of a participating pension plan with an effective date on or after the day this Regulation comes into force.

(2) Subsection 75 (1) of the Act does not apply with respect to the partial wind up of a participating pension plan with an effective date prior to the day this Regulation comes into force unless a report was filed under section 32 of the General Regulation before the day this Regulation comes into force certifying that there is no further amount to be funded under section 75 of the Act.

(3) However, if the participating pension plan is subsequently wound up in whole, the employer (or a person or entity required to make contributions on behalf of the employer) shall pay into the pension fund the unpaid amount that would have been due under subsection 75 (1) of the Act with respect to the partial wind up, but for the application of subsection (1) or (2).

(4) The liability created by subsection (3) shall be funded by the employer by special payments payable in equal amounts annually in advance over a period not exceeding five years from the effective date of the wind up of the pension plan in whole.

Partial wind up, transfers for former members

19. (1) This section applies after a wind up report is filed for the partial wind up of a participating pension plan.

(2) With the approval of the Superintendent under subsection 70 (3) of the Act, a member of the pension plan who is affected by the partial wind up may require the administrator to transfer under subsection 42 (1) of the Act an amount equal to the commuted value of the member’s deferred pension.

(3) If the Superintendent approves the transfers described in subsection (2), a statement containing the information required by subsection 72 (1) of the Act must be given to the persons affected by the approval within 60 days after the administrator receives notice of the approval.

(4) Subsections 70 (2) and (4) of the Act and subsection 28 (2.1) of the General Regulation do not apply if the Superintendent approves the transfers described in subsection (2).

(5) Clause 29 (8) (b) of the General Regulation does not apply with respect to the partial wind up.

Transfer of commuted value

20. (1) This section applies with respect to a transfer under subsection 42 (1) of the Act of the commuted value of a former member’s pension, deferred pension or ancillary benefit from a participating pension plan by a member who terminates membership in the plan whether in the normal course or as part of a partial wind up referred to in section 19.

(2) Section 19 of the General Regulation applies with respect to the transfer, with the following modifications:

1. Clause 19 (6) (b) of the General Regulation does not apply with respect to the transfer.

2. Despite subsection 19 (7) of the General Regulation, if less than 100 per cent of the commuted value of a pension, deferred pension or ancillary benefit is transferred, the balance shall be transferred by the administrator five years after the date of the initial transfer.

3. However, the balance shall be transferred in less than five years if a lump sum payment was made to the pension plan at an earlier date to fund the transfer deficiency, and if that lump sum payment was made in addition to the contributions required by sections 6 to 13.

4. If, after the initial transfer is made, the pension plan ceases to be a participating pension plan, the employer (or person or entity required to make contributions on behalf of the employer) shall make contributions to fund any remaining transfer deficiency within five years after the initial payment. Those contributions must be made in addition to those for the normal cost and the special payments required under subsection 4 (2) of the General Regulation.

5. The contributions required by paragraph 4 must be made annually in advance and no later than January 31 of each year.

6. The contributions required by paragraph 4 are deemed to be special payments under clause 5 (1) (e) of the General Regulation for purposes of the calculation of present value referred to in clause 1.2 (1) (d) of the General Regulation.

Payment of Guarantee Fund assessment

21. (1) The administrator of a participating pension plan shall not use contributions made under sections 6 to 13 or under paragraph 3 or 4 of subsection 20 (2) (or under the corresponding provisions of the Quebec Regulation) to pay the annual Guarantee Fund assessment for the pension plan.

(2) Nothing in this Regulation relieves an employer from the obligation under section 37 of the General Regulation to pay the annual Guarantee Fund assessment for a participating pension plan.

Guarantee Fund, calculation of guaranteed benefits

22. (1) This section applies if an order is made under subsection 83 (1) of the Act declaring that the Guarantee Fund applies to a participating pension plan.

(2) For the purpose of determining the amount that the administrator is required by subsection 34 (5) of the General Regulation to pay to each person who is entitled on wind up to payment of benefits or other amounts guaranteed by the Guarantee Fund, the amount calculated under this section shall be substituted for the amount described in subclause 34 (5) (a) (i) of the General Regulation.

(3) The substitute amount is calculated using the formula,

(EE – FF + GG) × HH

in which,

“EE” is 100 per cent,

“FF” is the solvency ratio of the pension plan as of December 31, 2010,

“GG” is the lesser of FF and the ratio referred to in subparagraph 1 i of subsection 34 (6) of the General Regulation, and

“HH” is the sum of the benefits and other amounts for the person that are included in the calculation of the Guaranteed Benefit liability under subsection 34 (4) of the General Regulation.

(4) This section ceases to apply with respect to a pension plan on the later of the following dates:

1. The date on which the pension plan ceases to be a participating pension plan.

2. The date that is three years after the date specified in the election filed under subsection 3 (2) for an Ontario pension plan or under the corresponding provision of the Quebec Regulation for a Quebec pension plan.

Financial and Actuarial Matters

Adjusted solvency assets

23. The adjusted solvency assets of an Ontario pension plan as of a particular valuation date is the amount of the solvency assets of the plan excluding,

(a) any estimated wind up expenses; and

(b) any accrued or receivable contributions not yet received as of the filing date of the report required by this Regulation with respect to the valuation date.

Adjusted solvency deficiency

24. The adjusted solvency deficiency of an Ontario pension plan as of a particular valuation date is the amount, if any, by which the solvency liabilities exceed the adjusted solvency assets of the pension plan.

Free cash flow of AbitibiBowater Inc.

25. (1) The amount of the free cash flow of AbitibiBowater Inc. for a year, for the purposes of this Regulation, is the amount of its consolidated earnings for the year before taking into account any deductions for depreciation, interest and taxes, as set out in its audited financial statements, excluding the following amounts:

1. Interest, being the amount reported on the financial statements as an expense for borrowed money.

2. Capital expenditures.

3. The basic amortization contributions made during the year to the participating pension plans by the employer (or a person or entity required to make contributions on behalf of the employer).

4. Any net loss or net income attributable to non-controlling interests.

(2) At the Superintendent’s request, the administrator of an Ontario pension plan shall give the Superintendent such information and documents as the Superintendent may specify to enable the Superintendent to verify the amount of the free cash flow of AbitibiBowater Inc. for a year as determined for the purposes of this Regulation.

(3) The administrator shall give the Superintendent the requested information and documents within the period specified by the Superintendent.

Full funding of Ontario pension plans

26. An Ontario pension plan is considered to be fully funded as of a particular valuation date, for the purposes of this Regulation, if either of the following criteria is satisfied:

1. The solvency assets of the pension plan are equal to or greater than its solvency liabilities as of the valuation date.

2. After the valuation date, there are no special payments that would have been required under subsection 5 (1) or section 5.6 of the General Regulation.

Various ratios about solvency

27. (1) The solvency ratio of an Ontario pension plan as of a particular valuation date is calculated by dividing the solvency assets by the solvency liabilities.

(2) The adjusted solvency ratio of an Ontario pension plan as of a particular valuation date is calculated by dividing the adjusted solvency assets by the solvency liabilities.

(3) The aggregate solvency ratio of all of the participating pension plans as of a particular valuation date is the amount calculated using the formula,

(JJ – KK) / LL

in which,

“JJ” is the sum of the adjusted solvency assets of all of the participating pension plans,

“KK” is the sum of all special contributions made under section 11 to all of the participating pension plans, and

“LL” is the sum of the solvency liabilities of all of the participating pension plans.

(4) The target solvency ratio of an Ontario pension plan as of a particular valuation date is the lesser of 100 per cent and the percentage determined by adding the following percentage to the adjusted solvency ratio of the plan as of December 31, 2010:

1. For December 31, 2011 and 2012, 0 per cent.

2. For December 31, 2013 and 2014, 1 per cent.

3. For December 31, 2015, 2 per cent.

4. For December 31, 2016, 3 per cent.

5. For December 31, 2017, 5 per cent.

6. For December 31, 2018, 8 per cent.

7. For December 31, 2019, 10 per cent.

(5) The target aggregate solvency ratio of all of the participating pension plans as of a particular valuation date is the lesser of 100 per cent and the percentage determined by adding the following percentage to the aggregate solvency ratio as of December 31, 2010:

1. For December 31, 2011 and 2012, 0 per cent.

2. For December 31, 2013 and 2014, 1 per cent.

3. For December 31, 2015, 2 per cent.

4. For December 31, 2016, 3 per cent.

5. For December 31, 2017, 5 per cent.

6. For December 31, 2018, 8 per cent.

7. For December 31, 2019, 10 per cent.

(6) The target minimum aggregate solvency ratio of all of the participating pension plans as of a particular valuation date is calculated by subtracting 2 per cent from the target aggregate solvency ratio.

(7) The ratios are expressed as a percentage and are rounded to the nearest 0.1 per cent.

Reports to the Superintendent

Overview of reports

28. (1) The administrator of each Ontario pension plan shall prepare and file the following reports in accordance with this Regulation:

1. An interim report for the pension plan, prepared with a valuation date of September 30, 2010.

2. An interim combined report for all participating pension plans, prepared as of September 30, 2010.

3. An initial report for the pension plan, prepared with a valuation date of December 31, 2010.

4. An initial combined report for all participating pension plans, prepared as of December 31, 2010.

5. An annual report for the pension plan, prepared with a valuation date of December 31 in 2011 and in each subsequent year in which the pension plan is a participating Ontario pension plan.

6. An annual combined report for all participating pension plans, prepared as of December 31 in 2011 and in each subsequent year in which the pension plan is a participating Ontario pension plan.

7. A final report as of the date on which the pension plan ceases to be a participating Ontario pension plan.

(2) The reports described in paragraphs 1, 3, 5 and 7 of subsection (1) that are prepared and filed in accordance with this Regulation are deemed, for the purposes of the General Regulation, to have been prepared and filed under section 3 or 14 of that regulation, as the case may be.

(3) For the purposes of subsection 4 (5) of the General Regulation, the most recent of the annual reports or final report prepared and filed in accordance with this Regulation is considered to be the most recently filed report for the pension plan.

(4) The reports described in subsection (1) must be prepared by an actuary and the actuary shall certify that the reports were prepared used using methods and actuarial assumptions that are consistent with accepted actuarial practice and with the requirements of the Act, this Regulation and the General Regulation, as applicable.

(5) Where a report requires information to be provided about contributions and payments to the Quebec pension plans, references to a provision of this Regulation shall be read as if the reference were to the corresponding provision of the Quebec Regulation.

Interim report, participating Ontario pension plans

29. (1) The administrator of a participating Ontario pension plan shall cause the pension plan to be reviewed and a report prepared with a valuation date of September 30, 2010.

(2) The interim report must be filed no later than June 30, 2011.

(3) The interim report must contain the following information:

1. Initial basic amortization contribution: The amount of the initial basic amortization contribution to be made under section 6 to the particular pension plan.

2. Other information: The information described in paragraphs 1 to 4 of subsection 31 (3).

Initial report, participating Ontario pension plans

30. (1) The administrator of a participating Ontario pension plan shall cause the pension plan to be reviewed and a report prepared with a valuation date of December 31, 2010.

(2) The initial report must be filed no later than June 30, 2011.

(3) The initial report must contain the following information:

1. Basic amortization contribution: The amount of the basic amortization contribution to be made under section 7 to the particular pension plan.

2. Other information: The information described in paragraphs 1 to 6, 11, 12 and 14 of subsection 31 (3).

Annual reports, participating Ontario pension plans

31. (1) The administrator of a participating Ontario pension plan shall cause the pension plan to be reviewed annually and a report prepared with a valuation date of December 31, beginning in 2011.

(2) The annual report must be filed no later than June 30 of the following year.

(3) Every annual report must contain the following information:

1. Going concern valuation: The information required by subsection 14 (7) of the General Regulation.

2. Solvency valuation: The information required by subsection 14 (8) of the General Regulation.

3. Adjusted solvency metrics: The amount of the adjusted solvency assets, the adjusted solvency deficiency and the adjusted solvency ratio of the pension plan as of the valuation date.

4. Aggregate solvency metrics: The aggregate solvency ratio of all of the participating pension plans as of the valuation date.

5. Target solvency metrics: The target aggregate solvency ratios of all of the participating pension plans for each year from 2011 to 2019, the target minimum aggregate solvency ratios for all of the participating pension plans for each year from 2015 to 2019 and the target solvency ratios of the particular pension plan for each year from 2015 to 2019.

6. Basic amortization contributions under section 7:

i. The sum of all annual basic amortization contributions that must be made to all participating pension plans for the 12-month period that begins on July 1 of the year after the valuation date.

ii. The amount of the basic amortization contributions to be made to the particular pension plan during the same 12-month period.

7. Additional contributions under section 8 (for a valuation date of December 31, 2012 or later):

i. The sum of all additional contributions, if any, that must be made to all participating pension plans for the year after the valuation date.

ii. The amount of the additional contributions that must be made by the particular pension plan for the year after the valuation date.

8. Supplemental contributions under section 9 (for valuation dates from December 31, 2015 to December 31, 2018):

i. The sum of all supplemental contributions described in section 9 to be made, if any, in each of the three years after the valuation date to all participating pension plans.

ii. The amount of the supplemental contributions described in section 9 to be made, if any, for the year after the valuation date to the particular pension plan.

iii. The amount of the additional plan assets, if any, that would be needed to raise the particular pension plan’s adjusted solvency ratio so that it equals its target solvency ratio, both determined as of the valuation date.

iv. The amount of transfer deficiencies that were transferred from the plan during the year, as determined under paragraph 2 of subsection 9 (13).

v. The amount of payments made from the plan during the year for unfunded benefits as determined under subsection 9 (13).

vi. The amount of payments made from the plan during the year for pensions.

9. Supplemental contributions under section 9 (for a valuation date December 31, 2019):

i. The information required in paragraph 8.

ii. The amount of the supplemental contributions described in section 9 to be made, if any, in each of the three years after the valuation date to the particular pension plan.

10. Special contributions re reduction of pulp and paper production capacity:

i. The sum of all special contributions described in section 11 to be made, if any, in each of the four years after the valuation date to the participating pension plans.

ii. The amount of the special contributions described in section 11 to be made, if any, for the year after the valuation date to the particular pension plan.

iii. The sum of all special contributions described in section 11 made in any year prior to the valuation date.

11. Special payments for benefit improvements: The amount of any special payment described in section 13 to be made not more than 30 days after the filing of the annual report in order to fund benefit improvements.

12. Voluntary contributions: The amount of any voluntary contributions as described in section 14 to be made to all participating pension plans during the year after the valuation date, and the amount of the voluntary contribution to the particular pension plan.

13. Contributions to fund transfer deficiencies (for a valuation date of December 31, 2015 or later): The amount of any contributions to be made in each year after December 31, 2020 that are referred to in paragraph 4 of subsection 20 (2) in order to fund transfer deficiencies.

14. Guarantee Fund, ratio to calculate guaranteed benefits: The solvency ratio of the particular pension plan as of December 31, 2010.

Final report, participating Ontario pension plans

32. (1) The administrator of an Ontario pension plan shall cause the pension plan to be reviewed and shall file a final report using as a valuation date the date on which the pension plan ceases to be a participating plan.

(2) The final report must be filed within nine months after the valuation date.

(3) The final report must satisfy the requirements of sections 3 and 14 of the General Regulation, as applicable in the circumstances, and must be prepared in accordance with such other provisions of the General Regulation as apply with respect to reports under those sections.

Interim combined report, all participating pension plans

33. (1) The administrator of each participating Ontario pension plan shall prepare an interim combined report about all of the participating pension plans, to be prepared as of September 30, 2010.

(2) The interim combined report must be filed no later than June 30, 2011.

(3) The interim combined report must contain the following information:

1. Adjusted solvency metrics: The amount of the adjusted solvency assets and the adjusted solvency deficiency of each of the participating pension plans.

2. Initial basic amortization contributions under section 6:

i. The sum of all initial basic amortization contributions to be made to all of the participating pension plans.

ii. The amount of the initial basic amortization contribution required to be made to each of the participating pension plans.

3. Such other information about all of the participating pension plans as may be required in the corresponding report required under the Quebec Regulation.

Initial combined report, all participating pension plans

34. (1) The administrator of each participating Ontario pension plan shall prepare an initial combined report about all of the participating pension plans, to be prepared as of December 31, 2010.

(2) The initial combined report must be filed no later than June 30, 2011.

(3) The initial combined report must contain the following information:

1. Solvency valuation: The amount of the solvency assets and solvency liabilities of each of the participating pension plans.

2. Adjusted solvency metrics: The amount of the adjusted solvency assets and the adjusted solvency deficiency of each of the participating pension plans.

3. Basic amortization contributions under section 7: The information required by paragraph 6 of subsection 31 (3) for every participating pension.

4. Such other information about all of the participating pension plans as may be required in the corresponding report required under the Quebec Regulation.

Annual combined reports, all participating pension plans

35. (1) The administrator of each participating Ontario pension plan shall prepare an annual combined report about all of the participating pension plans, to be prepared for a valuation date of December 31, beginning in 2011.

(2) The annual combined report must be filed no later than June 30 of the following year.

(3) The administrator of a particular pension plan is not required to file an annual combined report after the particular pension plan ceases to be a participating pension plan.

(4) Every annual combined report must contain the following information:

1. Pension plans no longer participating: The names of the Ontario and Quebec pension plans that have ceased to be participating pension plans, and the effective date of the cessation.

2. Solvency valuation: The amount of the solvency assets and solvency liabilities of each of the participating pension plans.

3. Adjusted solvency metrics: The information required by paragraph 3 of subsection 31 (3) for every participating pension plan.

4. Aggregate solvency metrics: The information required by paragraph 4 of subsection 31 (3) for every participating pension plan.

5. Target solvency metrics: The information required by paragraph 5 of subsection 31 (3) for every participating pension plan.

6. Basic amortization contributions under section 7: The information required by paragraph 6 of subsection 31 (3) for every participating pension plan.

7. Additional contributions under section 8 (for a valuation date of December 31, 2012 or later):

i. The information required by paragraph 7 of subsection 31 (3) for every participating pension plan.

ii. The amount of the free cash flow of AbitibiBowater Inc. for the year ending on the valuation date.

8. Supplemental contributions under section 9 (for a valuation date of December 31, 2015 or later):

i. The information required by paragraph 8 or 9 of subsection 31 (3) for every participating pension plan.

ii. For each participating pension plan, the amount of the additional plan assets, if any, that would be needed to raise the plan’s adjusted solvency ratio so that it equals its target solvency ratio, both determined as of the valuation date.

iii. The aggregate of transfer deficiencies that were transferred from all participating pension plans during the year, as determined under paragraph 2 of subsection 9 (13).

iv. For each participating pension plan, an estimate of the amount of the payments to be made from the pension plan during each of the next five years for unfunded benefits.

9. Special contributions described in section 11 re reduction of pulp and paper production capacity: The information required by paragraph 10 of subsection 31 (3) for every participating pension plan.

10. Voluntary contributions: The aggregate amount of any voluntary contributions as described in section 14 to be made to all of the participating pension plans during the year after the valuation date, and the amount of the voluntary contribution to each participating pension plan.

11. Corrective measures (for a valuation date of December 31, 2015 or earlier): Whether any corrective measures as described in section 15 are required.

12. Guarantee Fund, ratio to calculate guaranteed benefits: The information required by paragraph 14 of subsection 31 (3) for every participating pension plan to which the Guarantee Fund may apply under subsection 83 (1) of the Act.

13. Such other information about all of the participating pension plans as may be required in the corresponding report required under the Quebec Regulation.

(5) At the Superintendent’s request, the administrator of a participating Ontario pension plan shall give the Superintendent such information and documents as the Superintendent may specify to enable the Superintendent to verify the contents of an annual combined report.

Information for Members and Former Members

Statement for members and former members

36. (1) Each year, the administrator of a participating Ontario pension plan shall give a statement to the members and former members described in this section at their last known address.

(2) The statement must contain the following information:

1. The name and registration number of the pension plan.

2. The administrator’s name and contact information.

3. The name of the member or former member, and a statement indicating whether he or she is a member or a former member of the pension plan.

4. For a member of the pension plan, a statement indicating whether he or she is represented by a trade union as of the date of the statement.

5. An explanation of how the security of the pension benefits and ancillary benefits for members and former members might be affected as a result of the operation of this Regulation.

6. The amount of the solvency deficiency of the pension plan as of the valuation date of the most recent annual report.

7. The transfer ratio of the pension plan as of that valuation date.

8. The amount of the contributions and payments required by sections 6 to 14 to be made to the pension plan during the one-year period immediately after that valuation date.

9. The amount of all special payments that — but for this Regulation — would have been required under the General Regulation to be made during the year after the valuation date of the most recent prior report.

(3) The administrator is required to give the statement to each member who, under the pension plan, has a pension benefit that includes a defined benefit.

(4) The administrator is required to give the statement to each former member whose pension or deferred pension includes a defined benefit, but not to a former member who no longer has any entitlement to payments from the pension plan.

(5) However, no statement is required if the administrator has received notice of the member’s or former member’s death.

Statement for bargaining agents

37. (1) Each year, the administrator of a participating Ontario pension plan shall give a statement to any trade union that represents members of the pension plan who are entitled to receive the statement under section 36.

(2) The statement must contain the information described in paragraphs 1, 2 and 5 to 9 of subsection 36 (2).

Exemptions

Additional exemptions from the Act and General Regulation

38. (1) An employer is exempt, in respect of a participating pension plan, from subsection 57 (3) of the Act, except with respect to contributions required under this Regulation, until it ceases to be a participating pension plan.

(2) Despite subsection (1), an employer is exempt, in respect of a participating pension plan, from subsection 57 (3) of the Act with respect to contributions required prior to December 9, 2010.

(3) An employer is exempt, in respect of a participating pension plan, from subsection 57 (4) of the Act before the effective date of the wind up in whole of the pension plan or before the date the pension plan ceases to be a participating pension plan.  

(4) A participating pension plan is exempt from the following requirements of the General Regulation until it ceases to be a participating pension plan:

1. The requirement in clause 4 (2) (b) of the General Regulation to pay normal costs for any defined benefits provided in respect of employment before January 1, 2011.

2. The requirement in clauses 4 (2) (c) and (c.1) of the General Regulation to make special payments, including any special payments required in respect of the period before this Regulation comes into force.

3. All requirements of sections 7 (utilization of actuarial gain) and 12 (contribution requirements in year of report) of the General Regulation that apply with respect to any report filed under this Regulation and any report filed under the General Regulation before this Regulation comes into force.

4. All requirements of section 14 (reports) of the General Regulation, except as otherwise specified in other provisions of this Regulation.

Commencement

Commencement

39. This Regulation comes into force on the day it is filed.

SCHEDULE 1
ONTARIO PENSION PLANS

1. Pension Plan for Ontario Hourly Employees of Abitibi-Consolidated Company of Canada (registration number 202440).

2. Retirement Plan for Unionized Employees of Abitibi-Consolidated Company of Canada — Pulp and Paper Divisions — Thorold Sector (registration number 294496).

3. Employees’ Retirement Plan (1972) of Bowater Canadian Forest Products Inc. (registration number 260901).

4. Supervisory Employees’ Retirement Plan (1976) of Bowater Canadian Forest Products Inc. (registration number 575324).

5. Executive Staff Retirement Plan (1976) of Bowater Canadian Forest Products Inc. (registration number 355511).

SCHEDULE 2
QUEBEC PENSION PLANS

1. Pension Plan for Unionized Employees of Abitibi-Consolidated Company (registration number 24239).

2. Pension Plan for Non-Union Employees of Abitibi-Consolidated Inc. (registration number 101793).

3. Pension Plan for Executive Employees of Abitibi-Consolidated Inc. (registration number 30064).

4. Supplementary Pension Plan for Unionized Employees of Abitibi-Consolidated Company of Canada — Pulp and Paper Division — Clermont Sector (registration number 22112).

5. Supplementary Pension Plan for Unionized Employees of Abitibi-Consolidated Company of Canada — Pulp and Paper Division — Amos Sector (registration number 27066).

6. Supplementary Pension Plan for Unionized Employees of Abitibi-Consolidated Company of Canada — Pulp and Paper Division — Baie-Comeau Sector (registration number 22322).

7. Employees Retirement Plan (1988) of Bowater Canadian Forest Products Inc. (registration number 30670).

8. Employees’ Retirement Plan (1946) of Bowater Canadian Forest Products Inc. (registration number 5839).

9. Pension Plan for Non-Union Employees (1995) of Bowater Canadian Forest Products Inc. (registration number 31383).

10. Pension Plan for Union Employees (1994) of Bowater Canadian Forest Products Inc. (registration number 31384).