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 that were made during the previous year to all participating pension plans. “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).  O. Reg. 196/11, s. 9 (1); O. Reg. 105/14, s. 9 (1). (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).  O. Reg. 196/11, s. 9 (2). (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.  O. Reg. 196/11, s. 9 (3). (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.  O. Reg. 196/11, s. 9 (4). (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. O. Reg. 196/11, s. 9 (5). (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. O. Reg. 196/11, s. 9 (6). (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.  O. Reg. 196/11, s. 9 (7). (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.  O. Reg. 196/11, s. 9 (8). (9) The supplemental contributions payable during a year are payable as a lump sum on or before July 31.  O. Reg. 196/11, s. 9 (9). (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).  O. Reg. 196/11, s. 9 (10). (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.  O. Reg. 196/11, s. 9 (11). (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.  O. Reg. 196/11, s. 9 (12). (12.1) Supplemental contributions made under subsections (7) and (8) are deemed to be special payments under clause 5 (1.0.0.1) (f) of the General Regulation for purposes of the calculation of present value referred to in clause 1.2 (1) (d.1) of the General Regulation. O. Reg. 251/18, s. 1. (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 the pension plan, which is an amount equal to the sum of the transfer deficiencies that are transferred during the year from the pension plan, i. excluding any transfer deficiencies paid from the pension plan during a year when the latest annual report indicates that the pension plan has a transfer ratio of one or more, and ii. excluding any transfer deficiencies funded through contributions made to the 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.  O. Reg. 196/11, s. 9 (13); O. Reg. 105/14, s. 9 (2); O. Reg. 464/16, s. 4.