Common use of Use of Accessible Going Concern Excess to reduce Contributions Clause in Contracts

Use of Accessible Going Concern Excess to reduce Contributions. (a) Subject to paragraph (b), if the Pension Plan has Accessible Going Concern Excess, it may be applied to reduce or eliminate the contributions referred to in subparagraph 4(b)(i). (b) Despite paragraph (a), not more than 20% of the Accessible Going Concern Excess may be used to reduce or eliminate contributions in the second fiscal year to which the current actuarial valuation report applies, and in each of the 2 following fiscal years.

Use of Accessible Going Concern Excess to reduce Contributions. (a) Subject to paragraph (b), if the Pension Plan has Accessible Going Concern Excess, it may be applied to reduce or eliminate the contributions referred to in subparagraph 4(b)(i(b)(i). (b) Despite paragraph (a), not more than 20% of the Accessible Going Concern Excess may be used to reduce or eliminate contributions in the second fiscal year to which the current actuarial valuation report applies, and in each of the 2 following fiscal years.

Use of Accessible Going Concern Excess to reduce Contributions. (a) Subject to paragraph subsection (b), if the Pension Plan has Accessible Going Concern Excess, it may be applied to reduce or eliminate the contributions referred to in subparagraph paragraph 4(b)(i). (b) Despite paragraph subsection (a), not more than 20% of the Accessible Going Concern Excess may be used to reduce or eliminate contributions in the second fiscal year to which the current actuarial valuation report applies, and in each of the 2 following fiscal years.