Deferral re: corrective measures
 17. (1) This section applies if, (a) a joint election is filed in accordance with section 6; and (b) as of a valuation date of December 31, 2013 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 either before or after this section comes into force. O. Reg. 105/14, s. 13. (2) No later than June 30, 2014, the administrator of each participating Ontario pension plan shall file the notices, documents and actuarial cost certificates required by sections 15 and 16 as they read on December 31, 2011, with respect to the aggregate solvency ratio and target aggregate solvency ratio as of December 31, 2011, despite the deadlines set out in subsections 16 (1) and (2) as they read on that date. O. Reg. 105/14, s. 13. (3) Payments to liquidate the amount of the contribution required to achieve the target ratios referred to in subsection (2), with interest at the rate used for the solvency valuation in the annual report, shall be made in equal monthly instalments over a period of five years beginning no later than December 31, 2021, despite subsection 15 (2) as it read on December 31, 2011. O. Reg. 105/14, s. 13. (4) No later than June 30, 2014, the administrator of each participating pension plan shall file the notices, documents and actuarial cost certificates required by sections 15 and 16 as they read on December 31, 2012, with respect to the aggregate solvency ratio and target aggregate solvency ratio as of December 31, 2012, despite the deadlines set out in subsections 16 (1) and (2) as they read on that date. O. Reg. 105/14, s. 13. (5) Payments to liquidate the amount of the contribution required to achieve the target ratios referred to in subsection (4), with interest at the rate used for the solvency valuation in the annual report, shall be made in equal monthly instalments over a period of five years beginning no later than December 31, 2021, despite subsection 15 (2) as it read on December 31, 2012. O. Reg. 105/14, s. 13. (6) No later than nine months after the combined report with a valuation date of December 31, 2013 is filed, the administrator of each participating pension plan shall file the notices, documents and actuarial cost certificates required by sections 15 and 16 as they read on December 31, 2013, with respect to the aggregate solvency ratio and target aggregate solvency ratio as of December 31, 2013. O. Reg. 105/14, s. 13. (7) Payments to liquidate the amount of the contribution required to achieve the target ratios referred to in subsection (6), with interest at the rate used for the solvency valuation in the annual report, shall be made in equal monthly instalments over a period of five years beginning no later than December 31, 2021, despite subsection 15 (2) as it read on December 31, 2013. O. Reg. 105/14, s. 13. (8) For the purposes of subsections 1.2 (1) and (2) of the General Regulation, the solvency asset adjustment must also include the present value of the payments described in subsections (3), (5) and (7). O. Reg. 105/14, s. 13. (9) Despite clauses 5 (1) (e) and 5 (1.0.0.1) (g) and subsection 5 (1.0.1) of the General Regulation, the payments described in subsections (3), (5) and (7) are deemed to be special payments under subsection 5 (1) or clause 5 (1.0.0.1) (g) of the General Regulation, as applicable, made for the purpose of liquidating a solvency deficiency. O. Reg. 251/18, s. 3. (10) Subsection 5 (1.0.1) of the General Regulation does not apply to a participating Ontario pension plan in respect of the contributions referred to in subsections (3), (5) and (7). O. Reg. 105/14, s. 13. Other Payments and Transfers